Industrial Flex Building with Loading
For Sale
$1,350,000
12 Grays Lane, Biddeford, ME 04005
Office, showroom, and production areas are complemented by dock and drive-in access.
Property Size7,560 SF
Price / SF$178.57
Days on Market928
Property Features for 12 Grays Lane
General Information
Standard status
Active
Size
7,560 SF
Property subtype
Commercial
Zoning
I1 & B2
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
4
Additional Details
Property Use
Industrial
Taxes and HOA fees
Annual Taxes
$7,463
Amenities
kitchenette
Building Details
Building Size
7,560 SF
Year Built
1988
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Kirk Butterfield · License #MAINEBR918896
(207) 205-4007
Source:
Patryfamilyrealty
Added: Apr 18, 2024
Changed: Oct 31
Last Checked: Oct 31 at 3:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 7,560-square-foot industrial flex building, constructed in 1988, sits on more than 2.5 acres. Its layout includes private offices, showroom and retail space, a kitchenette, and a large open production area. Two loading docks, four drive-in bays, and a mezzanine provide additional building functionality and storage. The property is zoned I1 and B2.
Biddeford Connector access places the site less than five minutes from the Maine Turnpike. Portland is 20 minutes away, and Portsmouth, New Hampshire, is 30 minutes away.
Biddeford Connector access places the site less than five minutes from the Maine Turnpike. Portland is 20 minutes away, and Portsmouth, New Hampshire, is 30 minutes away.
Key Highlights
- 7,560‑square‑foot building on more than 2.5 acres
- Two loading docks and four drive‑in bays
- Private offices, showroom/retail space, kitchenette, and open production area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,980
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,119,600
$2.1M
Cap Rate 7%
$1,514,000
$1.5M
Cap Rate 9%
$1,177,556
$1.2M
Market Conditions
NOI Build-Up for 7,560 SF
Gross rent
$166.0K $21.96/SF
− Vacancy
−$3.0K −$0.39/SF
EGI
$163.0K $21.57/SF
− OpEx
−$57.1K −$7.55/SF
NOI
$106.0K $14.02/SF
Area
York County, ME
Vacancy
1.79%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,119,600
Cap Rate 7%
$1,514,000
Cap Rate 9%
$1,177,556
Alternative Uses
Best Use
Flex RnD
$1.51M
$1.32M – $1.77M
NOI $105,980 @ 7.0% cap · market cap 7.85%
Second Best
Warehouse
$1.35M
$1.18M – $1.58M
NOI $94,665 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,754 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Dock-high doors
4
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04005, ME
24,581
Population
11,001
Households
2.2
Avg Household Size
39
Median Age
29%
College-Educated
95%
High-School Grad
47.9 sq mi
ZIP Area
513
Density / Sq Mi
$71,268
Median Household Income
$39,176
Median Earnings
$1,186
Median Rent
$351,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Office, showroom, and production areas are complemented by dock and drive-in access.
Where is this flex space located?
The property is located at 12 Grays Lane Biddeford, ME.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 7,560‑square‑foot building on more than 2.5 acres; Two loading docks and four drive‑in bays; Private offices, showroom/retail space, kitchenette, and open production area
