Building Details

Building Size 1,500 SF

Year Built 2023

Stories 1

Construction metal

Listing Agency: Town Square Realty Group o***@townsquarerg.com Show Phone

Listed By: Brian Toth Show Phone

Source: Patryfamilyrealty

Added: Oct 28, 2025 Changed: Oct 31 Last Checked: Oct 31 at 3:25AM

Report an Issue

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 Town Square Realty Group

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This mixed-use property combines a farmhouse with a three-bay metal garage suited to work or storage. The farmhouse has four bedrooms, one full bathroom, and an attached barn/garage. The additional garage measures 30' x 50' and includes two 12' x 14' doors, one 10' x 10' door, and a 12' x 50' lean-to. Zoning is Mixed Use #1.

Set on 2 acres at 330 Biddeford Road in Alfred, Maine, the property includes a fenced area currently used for chickens, goats, and sheep, along with an above-ground pool and deck. The stated daily traffic count is 12,760.

Key Highlights

• Three‑bay metal garage measures 30' x 50'
• Garage has two 12' x 14' doors and one 10' x 10' door
• 12' x 50' lean‑to attached to the garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,570

Cap Rate

4.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$491,400 $491.4K

Cap Rate 7%

$351,000 $351.0K

Cap Rate 9%

$273,000 $273.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$37.4K $24.96/SF

− Vacancy

−$4.7K −$3.12/SF

EGI

$32.8K $21.84/SF

− OpEx

−$8.2K −$5.46/SF

NOI

$24.6K $16.38/SF

Area

York County, ME

Vacancy

12.50%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$491,400

Cap Rate 7%

$351,000

Cap Rate 9%

$273,000

Alternative Uses

Best Use

Office B

$351.0K

$307.1K – $409.5K (±1% cap)

NOI $24,570 @ 7.0% cap · market cap 4.68%

Second Best

Mixed Use

$266.1K

$232.9K – $310.5K (±1% cap)

NOI $18,630 @ 7.0% cap · market cap 3.55%

Theoretical Best

Office A

$475.5K

$416.1K – $554.7K (±1% cap)

NOI $33,284 @ 7.0% cap · market cap 6.34%

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

Live-work space

Suggested Use

Top Pick HVAC Service Electrical Service Big Box & Wholesale Store Building Supply Daycare Center Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 04002, ME

7,589

Population

3,684

Households

2.1

Avg Household Size

48

Median Age

23%

College-Educated

93%

High-School Grad

66.3 sq mi

ZIP Area

114

Density / Sq Mi

$77,853

Median Household Income

$40,201

Median Earnings

$784

Median Rent

$321,100

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Live-work space - The property pairs a farmhouse with a three-bay garage, fenced animal space, and an above-ground pool with a deck.

Where is this live-work space located?

The property is located at 330 Biddeford Road Alfred, ME.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Three‑bay metal garage measures 30' x 50'; Garage has two 12' x 14' doors and one 10' x 10' door; 12' x 50' lean‑to attached to the garage