Flex Space with Three Standalone
For Sale
$1,150,000
6 Proctor Road, Biddeford, ME 04005
COMMERCIAL - Biddeford, ME
Property Size4,911 SF
Lot Size1.10 Acres
Price / SF$234.17
Days on Market19
Property Features for 6 Proctor Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RF
Rooms
Basement
Basement
Unfinished, Full
Lot features
Rural, Suburban
Standard status
Active
Size
4,911 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8199
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Zoned, Heat Pump (Heating), Radiant, Propane (Heating), Forced Air, Electric (Heating), Natural Gas
Cooling system
Heat Pump, Central Air
Water source
Private, Well
Building Details
Year built
1941
Flooring type
Plank, Tile, Carpet, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle, Membrane, Metal
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
John Krouse
(207) 929-0956
Added: Jul 19
Changed: Aug 5
Last Checked: Aug 6 at 2:06AM
MLS# 1644097
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex space property features three standalone buildings set on 1.1 acres (4,911 SF) and is zoned for flexible commercial and residential use. The main residence includes a 3BR layout with an in-law suite, full kitchens, radiant floor heat, two laundry rooms, a Viessmann system, tiled baths, a newer metal roof, and a 20KW whole-house generator. The office/warehouse building is fully networked, includes a full bath and two ductless mini-splits, and is equipped with a 10KW generator; it is also structurally designed for a future second story. The third building is a cottage with an open plan, washer/dryer, a Bose surround sound setup and mounted TV, and its own 10KW generator. All three buildings are smart-enabled with app-based controls for locks, lights, thermostats, alarms, and cameras. The property also has in-ground 500-gallon propane tanks with remote monitoring. A new leach field was installed in 2021, and appliances convey.
The property is located minutes from downtown Biddeford, UNE, beaches, restaurants, and I-95. Existing tenants wish to stay.
Current cap rate is 13.52 percent, and the seller is open to owner financing opportunities. Buyer to verify all information during due diligence.
The property is located minutes from downtown Biddeford, UNE, beaches, restaurants, and I-95. Existing tenants wish to stay.
Current cap rate is 13.52 percent, and the seller is open to owner financing opportunities. Buyer to verify all information during due diligence.
Key Highlights
- Three standalone buildings totaling 4,911 SF on 1.1 acres
- Zoned RF for flexible commercial and residential use
- App‑based smart controls for locks, lights, thermostats, alarms, and cameras
Financial Insights For Flex RnD
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 | $107.8k | $21.96 |
| − Vacancy | −$1.9k | −$0.39 |
| EGI | $105.9k | $21.57 |
| − OpEx | −$37.1k | −$7.55 |
| NOI | $68.8k | $14.02 |
4,911 SF · lease $21.96/SF/yr · vacancy 1.79% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$983.5K
$860.6K – $1.15M
NOI $68,845 @ 7.0% cap · market cap 5.99%
Second Best
Warehouse
$878.5K
$768.7K – $1.02M
NOI $61,494 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,973 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
12
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Zoned RF flex space with three standalone buildings and app-based smart controls for security and climate systems.
Where is this flex space located?
The property is located at 6 Proctor Road Biddeford, ME.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three standalone buildings totaling 4,911 SF on 1.1 acres; Zoned RF for flexible commercial and residential use; App‑based smart controls for locks, lights, thermostats, alarms, and cameras
