Three-Building Mixed-Use
For Sale
$1,200,000
6 Proctor Road C, Biddeford, ME 04005
Residential space, an office/warehouse, and a cottage occupy a single property with flexible commercial and residential zoning.
Property Size4,911 SF
Price / SF$244.35
Days on Market180
Property Features for 6 Proctor Road C
General Information
Standard status
Active
Size
4,911 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$8,199
Building Details
Building Size
4,911 SF
Year Built
1941
Buildings
3
Listing Agency:
EXP Realty
Listed By:
John Krouse
(207) 929-0956
Source:
Oceanviewproperties
Added: May 6
Changed: Oct 30
Last Checked: Oct 30 at 1:54AM
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.
The 4,911-square-foot property includes three separate buildings on more than one acre. The main residence has three bedrooms, an in-law suite, full kitchens, two laundry rooms, tiled baths, radiant floor heat, and a newer metal roof. An office/warehouse has network wiring, a full bath, two ductless mini-splits, and structural capacity for a second story. The third building is a cottage with an open layout and washer/dryer. Each building has a generator and app-controlled locks, lighting, thermostats, alarms, and cameras. A 500-gallon in-ground propane tank system is remotely monitored, and a leach field was installed in 2021. Appliances are included, and paved parking is on site.
The property is in Biddeford, minutes from downtown, UNE, beaches, restaurants, and I-95. Existing tenants would like to remain. The main residence dates to 1941.
The property is in Biddeford, minutes from downtown, UNE, beaches, restaurants, and I-95. Existing tenants would like to remain. The main residence dates to 1941.
Key Highlights
- Three buildings totaling 4,911 square feet on more than one acre
- Three‑bedroom main residence with in‑law suite and full kitchens
- Office/warehouse includes a full bath, network wiring, and two ductless mini‑splits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,494
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,880
$1.2M
Cap Rate 7%
$878,486
$878.5K
Cap Rate 9%
$683,267
$683.3K
Market Conditions
NOI Build-Up for 4,911 SF
Gross rent
$73.7K $15.00/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$72.3K $14.73/SF
− OpEx
−$10.9K −$2.21/SF
NOI
$61.5K $12.52/SF
Area
York County, ME
Vacancy
1.79%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,229,880
Cap Rate 7%
$878,486
Cap Rate 9%
$683,267
Alternative Uses
Best Use
Warehouse
$878.5K
$768.7K – $1.02M
NOI $61,494 @ 7.0% cap · market cap 5.12%
Second Best
Mixed Use
$871.4K
$762.4K – $1.02M
NOI $60,995 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,973 @ 7.0% cap · market cap 9.08%
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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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential space, an office/warehouse, and a cottage occupy a single property with flexible commercial and residential zoning.
Where is this mixed-use property located?
The property is located at 6 Proctor Road C Biddeford, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three buildings totaling 4,911 square feet on more than one acre; Three‑bedroom main residence with in‑law suite and full kitchens; Office/warehouse includes a full bath, network wiring, and two ductless mini‑splits
