Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    State-of-the-Art Grow Facility Title is generated by Realmo AI

    419 Hill St, Biddeford, ME 04005

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    28,119 square foot recreational grow facility in Maine.

    Type:Industrial
    Property size:
    28,119 SF
    Price / SF:
    $131/SF
    Added:
    May 27, 2023
    Days on Market:
    1104
    Last Refresh:
    May 12 at 10:26 pm

    Property Features for 419 Hill St

    General Information

    Standard status
    Active
    Size
    28,119 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    TC Haffenreffer
    TC Haffenreffer

    Listing agent TC Haffenreffer License #ME SA918905

    Listing office The Dunham Group

    Listing date May 27, 2023

    Source Crexi

    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 The Dunham Group

    HighLights

    • 28,119± square foot state‑of‑the‑art recreational grow facility.
    • Laboratory‑grade fit‑up.
    • Lease secured with strong guarantees.
    • Strong escalators throughout the remaining 7‑year term.
    • Tenant is one of the top‑tier cannabis companies in the State of Maine.
    • Located at 419 Hill Street in Biddeford, Maine.

    Overview

    The property at 419 Hill Street in Biddeford, Maine, is a 28,119± square foot state-of-the-art recreational grow facility. It features a laboratory-grade fit-up and is currently leased to one of the top-tier cannabis companies in the State of Maine. The lease has strong guarantees and escalators throughout the remaining 7-year term.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stoner & Co. Adult ... (Bike/Boat/Book/etc) Store Precision Manufacturing Solutions Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.4774204
    Latitude
    43.4653786

    Nearby Similar for Sale

    • $1,150,000
      3,935 SF

      Biddeford Restaurant Opportunity on Saco

      Free-standing restaurant on Spring Island with high traffic visibility.
      11 Elm Street, Biddeford, ME 04005
      View Details
    • $1,200,000
      4,911 SF

      Versatile Multifamily Property in Biddeford

      Three smart-enabled buildings on over an acre near downtown.
      6 Proctor Road, Biddeford, ME 04005
      View Details
    • $2,295,000
      11,374 SF

      Mixed-Use Property with Heated Warehouse

      High-performing mixed-use property with residential units and a warehouse.
      276 Hill Street, Biddeford, ME 04005
      View Details
    • $2,750,000
      8,808 SF

      Multifamily Investment Opportunity in Biddeford

      Ten-unit multifamily property with development potential in Biddeford, Maine.
      79 W Cutts Street, Biddeford, ME 04005
      View Details
    • $1,200,000
      4,911 SF

      Mixed-Use Commercial Opportunity in Biddeford

      Three buildings on 1+ acre with high-income potential.
      6 Proctor Road, Biddeford, ME 04005
      View Details
    • $899,900
      5,069 SF

      Downtown Multifamily Investment

      Seven-unit configuration with updated units, 7 parking spaces, and first-floor expansion space for added value.
      330 Main Street, Biddeford, ME 04005
      View Details
    • $2,750,000
      8,808 SF

      Biddeford Multifamily Investment Opportunity

      Ten units with development potential in Biddeford, Maine.
      79 W Cutts Street, Biddeford, ME 04005
      View Details
    • $525,000
      2,957 SF

      Updated Three-Unit Building in Biddeford

      Well-maintained, updated 3-unit building with strong rental potential.
      84 Pike Street, Biddeford, ME 04005
      View Details
    • $1,549,000
      3,800 SF

      Coastal Farmhouse with In-Law Apartment

      Charming 4-bed farmhouse on 4.07 acres near the beach.
      88-90 Old Pool Road, Biddeford, ME 04005
      View Details
    • $749,000
      3,880 SF

      Biddeford Four-Unit Multifamily Property

      Four-unit property in downtown Biddeford with value-add potential.
      36 Bradbury Street, Biddeford, ME 04005
      View Details
    • $899,900
      5,069 SF

      Downtown Investment Property in Biddeford

      High-performing, updated six-unit property with expansion potential in downtown Biddeford.
      330 Main Street, Biddeford, ME 04005
      View Details
    • $895,000
      5,060 SF

      Biddeford Victorian Multifamily Investment

      Updated 6-unit building with expansion potential in Biddeford, Maine.
      175 Alfred Street, Biddeford, ME 04005
      View Details

    FAQs

    What type of property is this?
    Cannabis property - 28,119 square foot recreational grow facility in Maine.
    Where is this cannabis property located?
    The property is located at 419 Hill St Biddeford, ME.
    What is the asking price?
    The asking price for this property is $3,683,744.
    What are key features of this property?
    This property features: 28,119± square foot state‑of‑the‑art recreational grow facility.; Laboratory‑grade fit‑up.; Lease secured with strong guarantees.
    (207) 773-7100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing TC Haffenreffer
    TC Haffenreffer
    Real Estate License ID: ME SA918905
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    419 Hill St, Biddeford, ME 04005
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!