Mixed-Use Property with Three
For Sale
$1,100,000
6 Proctor Road Unit A, Biddeford, ME 04005
Three separate buildings combine residential, office, warehouse, and cottage improvements with flexible commercial and residential zoning.
Property Size4,911 SF
Price / SF$223.99
Days on Market167
Property Features for 6 Proctor Road Unit A
General Information
Standard status
Active
Size
4,911 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Cap Rate
13.52%
Amenities
smart-enabled controls
Building Details
Year Built
1941
Buildings
3
Listing Agency:
EXP Realty
Listed By:
John Krouse
(207) 929-0956
Source:
Portsiderealestategroup
Added: May 6
Changed: Oct 11
Last Checked: Oct 16 at 8:54AM
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 EXP Realty
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Investment Insights
Based on property information with market context.
This mixed-use property at 6 Proctor Road C includes three standalone buildings on 1+ acre. The primary structure contains a 3BR residence, in-law suite, full kitchens, two laundry rooms, tiled baths, radiant floor heat, a Viessmann system, newer metal roofing, and a 20KW whole-house generator. A separate office/warehouse building is fully networked and has a full bath, two ductless mini-splits, a 10KW generator, and structural capacity for a future second story. The third building is a cottage with an open plan, washer/dryer, Bose surround sound, mounted TV, and its own 10KW generator.
All three buildings include app-controlled smart systems for locks, lighting, thermostats, alarms, and cameras. The property also features in-ground 500-gallon propane tanks with remote monitoring, a leach field installed in 2021, paved parking, and expansion area. Flexible commercial and residential zoning supports multiple occupancy configurations. The property is minutes from downtown Biddeford, UNE, beaches, restaurants, and I-95. Existing tenants wish to remain, and appliances convey.
All three buildings include app-controlled smart systems for locks, lighting, thermostats, alarms, and cameras. The property also features in-ground 500-gallon propane tanks with remote monitoring, a leach field installed in 2021, paved parking, and expansion area. Flexible commercial and residential zoning supports multiple occupancy configurations. The property is minutes from downtown Biddeford, UNE, beaches, restaurants, and I-95. Existing tenants wish to remain, and appliances convey.
Key Highlights
- Three standalone buildings across 1+ acre
- Current cap rate of 13.52 percent
- 3BR residence with in‑law suite and full kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,442
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,608,840
$1.6M
Cap Rate 7%
$1,149,171
$1.1M
Cap Rate 9%
$893,800
$893.8K
Market Conditions
NOI Build-Up for 4,911 SF
Gross rent
$122.6K $24.96/SF
− Vacancy
−$15.3K −$3.12/SF
EGI
$107.3K $21.84/SF
− OpEx
−$26.8K −$5.46/SF
NOI
$80.4K $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%
$1,608,840
Cap Rate 7%
$1,149,171
Cap Rate 9%
$893,800
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,442 @ 7.0% cap · market cap 7.31%
Second Best
Warehouse
$878.5K
$768.7K – $1.02M
NOI $61,494 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,973 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three separate buildings combine residential, office, warehouse, and cottage improvements with flexible commercial and residential zoning.
Where is this mixed-use property located?
The property is located at 6 Proctor Road Unit A Biddeford, ME.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three standalone buildings across 1+ acre; Current cap rate of 13.52 percent; 3BR residence with in‑law suite and full kitchens
