Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9 Thornton Ave Biddeford, ME 04005
    Back to Search
    Property profile & analytics

    9 Thornton Ave, Biddeford, ME 04005

    View on Map
    • Mixed-use properties
    • 8,988 SF
    • 0.08 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 9 Thornton Ave

    Year built
    1860
    Lot size
    0.08 lot acres
    Property type
    Mixed-use properties
    Property subtype
    Apartment buildings

    Description

    This exceptional redevelopment opportunity presents a three-story, 8,988 square foot mixed-use building situated on a 0.08-acre lot in Biddeford, Maine. Currently zoned MSRD 3, this property offers a unique chance to create a seven-unit apartment building with ground-floor commercial space. Built in 1860, the building at 9 Thornton Avenue is located minutes from Biddeford's vibrant Main Street, offering easy access to restaurants, cafes, breweries, and shops. Its proximity to the Saco Amtrak Station ensures seamless commutes to Portland and Boston. Biddeford's ongoing revitalization, including new parking garages and community events, creates a thriving environment. This investment is priced at $440,000 and presents a compelling opportunity to capitalize on Biddeford's growth and contribute to its dynamic transformation. The property's location, accessibility, and the city's continued development make it a unique investment opportunity in one of Maine's most exciting communities. The APN is BIDD-000040-000000-000008 and the zip code is 04005. This is a Class C property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.4577
    Latitude
    43.4963

    Comparable in this City

    • Value Estimation by Request
      1,590 SF

      312 Alfred St

      Multifamily properties
      312 Alfred St, Biddeford, ME 04005
      View Details
    • Value Estimation by Request
      4.50 Acres

      Trlr Park Park

      CAMPGROUND, RV PARK
      Trlr Park Park, Biddeford, ME 04005
      View Details
    • Value Estimation by Request
      81.00 Acres

      154 Ww St

      CAMPGROUND, RV PARK
      154 Ww St, Biddeford, ME 04005-9768
      View Details
    • Value Estimation by Request
      10.12 Acres

      Trlr Park Park

      CAMPGROUND, RV PARK
      Trlr Park Park, Biddeford, ME 04005
      View Details
    • Value Estimation by Request
      1,728 SF

      391 Ww St

      CAMPGROUND, RV PARK
      391 Ww St, Biddeford, ME 04005-9288
      View Details
    • Value Estimation by Request
      3,006 SF

      22 Ctr St

      BOARDING/ROOMING HOUSE
      22 Ctr St, Biddeford, ME 04005-2401
      View Details

    Similar Nearby for Sale

    • $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 St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      17,385 SF

      Historic Mixed-Use Redevelopment Opportunity

      Historic Laconia Lodge in Biddeford primed for mixed-use redevelopment.
      25 Alfred St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      4,300 SF

      Biddeford Mill Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Biddeford's historic Pepperell Mill Campus.
      40 Main St, Biddeford, ME 04005
      View Details
    • $909,900
      4,129 SF

      Turnkey Investment Property in Biddeford

      Five-unit property in downtown Biddeford, fully leased with upside.
      4 Kossuth St, Biddeford, ME 04005
      View Details
    • New
      $899,900
      5,069 SF

      Downtown Investment Property in Biddeford

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

      Biddeford 6-Unit Investment Opportunity

      Spacious, updated 6-unit building with expansion potential in Biddeford, Maine.
      175 Alfred St, Biddeford, ME 04005
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail and Dining Hub

      New construction retail and dining space in downtown Biddeford.
      30 Gooch St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space in Renovated Center

      Retail spaces available in a renovated multi-tenanted retail center.
      420 Alfred St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      2,249 SF

      Riverfront Retail Space in Biddeford

      2,249± sf retail space along the Riverfront in Biddeford.
      28 Pearl St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      1,000 SF

      Prime Retail Space Available

      1,000 SF retail space in high-traffic Biddeford location.
      299 Main St, Biddeford, ME 04005
      View Details
    • Contact for pricing

      Retail Development or Ground Lease

      Retail development or ground lease opportunity up to 16,000 SF.
      574 Alfred Rd, Biddeford, ME 04005
      View Details
    • Contact for pricing

      Cultivation Facility For Rent

      Nearly built-out cultivation facility with core infrastructure in place.
      412 Hill St, Biddeford, ME 04005
      View Details
    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.
    9 Thornton Ave
    Biddeford, ME 04005
    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
    9 Thornton Ave, 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!