Cannabis Property with Loading
New
For Sale
$1,500,000
414 Hill St, Biddeford, ME 04005
Cannabis-focused facility with cultivation, retail, and extraction lab space in an established industrial setting.
Property Size11,314 SF
Price / SF$132.58
Days on Market5
Property Features for 414 Hill St
General Information
Standard status
Active
Size
11,314 SF
Building Details
Year Built
1988
Listing Agency:
Keller Williams Realty
Listed By:
Marc Fishman · License #BA901721
(207) 775-6561
Source:
603luxury
Added: Sep 12
Last Checked: Sep 15 at 9:43PM
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.
This cannabis property is configured for cultivation and retail operations, with additional space identified for an extraction lab. The facility was built in 1988 and features steel-frame construction, metal siding, a metal roof, and concrete slab floors. Clear ceiling height is approximately 15–17 feet, with loading access supporting commercial operations.
The property encompasses approximately 1.5 acres in Biddeford’s established industrial area. Municipal water and sewer, natural gas service, and access to major transportation routes serve the site, with connectivity to the greater Portland and Southern Maine market.
The property encompasses approximately 1.5 acres in Biddeford’s established industrial area. Municipal water and sewer, natural gas service, and access to major transportation routes serve the site, with connectivity to the greater Portland and Southern Maine market.
Key Highlights
- Cannabis cultivation and retail layout with additional extraction lab space
- Approximately 1.5 acres
- Approximately 15–17 feet of clear ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$137,396
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,747,920
$2.7M
Cap Rate 7%
$1,962,800
$2.0M
Cap Rate 9%
$1,526,622
$1.5M
Market Conditions
NOI Build-Up for 11,314 SF
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.
Gross rent
$214.5K $18.96/SF
− Vacancy
−$18.2K −$1.61/SF
EGI
$196.3K $17.35/SF
− OpEx
−$58.9K −$5.20/SF
NOI
$137.4K $12.14/SF
Area
York County, ME
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,747,920
Cap Rate 7%
$1,962,800
Cap Rate 9%
$1,526,622
Alternative Uses
Best Use
Retail
$1.96M
$1.72M – $2.29M
NOI $137,396 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.59M
$3.14M – $4.18M
NOI $251,054 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Napa Auto Parts
Shops & Services
1,373 visits/mo
0.5 miles
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 Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Cannabis property - Cannabis-focused facility with cultivation, retail, and extraction lab space in an established industrial setting.
Where is this cannabis property located?
The property is located at 414 Hill St Biddeford, ME.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Cannabis cultivation and retail layout with additional extraction lab space; Approximately 1.5 acres; Approximately 15–17 feet of clear ceiling height
