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    419 Hill St Biddeford, ME 04005

    Sponsored
    For Sale
    $3,800,000

    28,119 SF Warehouse, 9% Cap Rate

    Property size:
    28,119 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 28,119 square foot industrial warehouse located at 419 Hill Street in Biddeford, Maine. The property, built in 1984 and extensively renovated in 1995 and 2022, boasts a 9% cap rate and a strong net operating income (NOI) of $340,111.37. Currently leased under a triple-net (NNN) lease with a single tenant for a 10-year term commencing October 30, 2020, and expiring December 30, 2029, this property offers significant long-term stability. The warehouse features 14-foot ceilings, one loading dock, and three dock-high doors. The 3.44-acre lot provides ample space, and parking is available at a rate of 100,000 spaces per 1,000 square feet. Significant improvements include a full building sprinkler system (installed 2021), a new dedicated water line (2021), all new electrical in 2021 (including backup generators and a state-of-the-art security system), and a roof section replacement in 2021. The property is zoned Industrial (I-2) and offers potential for expansion by an additional 20,000 square feet. The asking price is $3,800,000. This fully renovated, state-of-the-art facility presents a compelling investment opportunity with a proven track record and significant upside potential. The tenant has a strong financial profile and personal guarantee.

    Property Features for 419 Hill St

    General Information

    Property type
    Distribution properties
    Square Feet
    28,119 SF
    Lot Size
    149,846 SF

    Building Details

    Year Built/Renovated
    1984/1995

    HighLights

    • 9% Cap Rate
    • Exceptional tenant with strong financials and personal guarantee; five‑year operating history; also leases 414 Hill Street.
    • Fully renovated, state‑of‑the‑art cultivation facility (2022).
    • Roof: Section replaced (2021, Maine Roofing); remaining sections repaired and inspected.
    • New dedicated water line and full building sprinkler system (2021, Eastern Sprinkler).
    • New electrical (2021), backup generators, state‑of‑the‑art security system, 3200 amps power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stoner & Co. Adult ... Cannabis Store Precision Manufacturing Solutions Machine Shop

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.4774145
    Latitude
    43.4654143

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    FAQs

    What type of property is this?
    Distribution property - 28,119 SF Warehouse, 9% Cap Rate
    Where is this distribution property located?
    The property is located at 419 Hill St Biddeford, ME.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: 9% Cap Rate; Exceptional tenant with strong financials and personal guarantee; five-year operating history; also leases 414 Hill Street.; Fully renovated, state-of-the-art cultivation facility (2022).
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    419 Hill St Biddeford, ME 04005
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