For-Sale Warehouse
408 Elm Street Biddeford, ME 04005
408 Elm Street, Biddeford, ME, 04005
$625,000
For Sale
$625,000
Warehouse property for sale at 408 Elm Street, offering practical space for light industrial and storage uses.
Property Size1,650 SF
Price / SF$378.79
Days on Market126
Property Features for 408 Elm Street
General Information
- Standard status
- Active
- Size
- 1,650 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
Keller Williams Realty
Listed by
Zachary Resnikoff
(603) 433-3350
Source
Greatislandrealty
Added: Mar 14 Checked: Jul 15 at 11:03 pm
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
Investment Insights
Based on property information with market context.
The offering is a for-sale warehouse property totaling 1,650 square feet. It is presented as a commercial real estate asset suitable for users seeking dedicated enclosed space for storage and other light industrial needs. The listing information does not specify interior buildout details or additional improvements beyond the warehouse use.
The property is located at 408 Elm Street in Biddeford, Maine. As a street-addressed warehouse, it is positioned for straightforward access by vehicles associated with loading, distribution, or on-site operations, subject to confirmation of any site-specific access and loading arrangements.
This warehouse format can fit a range of tenant and buyer requirements where a defined enclosed area is important. Prospective occupants can evaluate the space for warehousing, inventory storage, and operational uses consistent with a warehouse environment. Because the available data does not describe ceiling height, bay configuration, or specific site utilities, due diligence should confirm the physical characteristics that matter most for the intended use before making a commitment.
The property is located at 408 Elm Street in Biddeford, Maine. As a street-addressed warehouse, it is positioned for straightforward access by vehicles associated with loading, distribution, or on-site operations, subject to confirmation of any site-specific access and loading arrangements.
This warehouse format can fit a range of tenant and buyer requirements where a defined enclosed area is important. Prospective occupants can evaluate the space for warehousing, inventory storage, and operational uses consistent with a warehouse environment. Because the available data does not describe ceiling height, bay configuration, or specific site utilities, due diligence should confirm the physical characteristics that matter most for the intended use before making a commitment.
Key Highlights
- Warehouse property for sale at 408 Elm Street
- Built in 1950
- Practical space suitable for light industrial and storage uses
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.8k | $15.00 |
| − Vacancy | −$443 | −$0.27 |
| EGI | $24.3k | $14.73 |
| − OpEx | −$3.6k | −$2.21 |
| NOI | $20.7k | $12.52 |
1,650 SF · lease $15.00/SF/yr · vacancy 1.79% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$295.2K
$258.3K – $344.4K
NOI $20,661 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$523.0K
$457.7K – $610.2K
NOI $36,613 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Uptown Market
Gas Station
Uptown Smoke Shop
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Life Storage - Biddeford — 11 Enterprise Dr, Biddeford, ME 04005
- KO Storage — 50 W Cole Rd, Biddeford, ME 04005
- AAA Rent-A-Space — 50 W Cole Rd, Biddeford, ME 04005
FAQs
What type of property is this?
Warehouse - Warehouse property for sale at 408 Elm Street, offering practical space for light industrial and storage uses.
Where is this warehouse located?
The property is located at 408 Elm Street Biddeford, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Warehouse property for sale at 408 Elm Street; Built in 1950; Practical space suitable for light industrial and storage uses
