Property profile

118 Alfred St Biddeford, ME 04005

FOR SALE
Office buildings
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Property ID
US42-0365203
2,356 SF 0.37 ac Built 1976
Last sale Nov 2024·$500,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon
118 Alfred St, Biddeford, ME 04005 For Sale
$499,000 2,356 SF
118 Alfred St, Biddeford, ME 04005
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Property summary

AI-generated overview

A single-level office building in Biddeford, Maine, constructed in 1976 and subsequently renovated. The building is configured for office use and contains more than 2,400 square feet of interior space. On-site parking is available. The property is located at 118 Alfred Street near local restaurants and shops in Biddeford. It is zoned MSRD2, which allows uses beyond office configuration in accordance with the applicable zoning requirements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$343k
Assessed land$141k
Assessed improvement$202k
Effective rate1.31%

Value estimate

· Nov 2026
$475k
$428k – $523k
AI approach$475k
NOI build-up
Gross scheduled income$60k
Vacancy & credit loss−$8k
Operating expenses−$13k
NOI · 7.93% cap applied$40k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$194/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$117 – $259
Qualifying comparables7

Cap rate analysis

How does the asset earn?
7.93%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MSRD2
MSRD-2: The residential conservation district where the intent is to provide for areas of medium density while preserving the residential...
General categoryRESIDENTIAL
JurisdictionBIDDEFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store9.9
Computer & Electronic Repair9.5
Carpet & Flooring Store9.1

Location

118 Alfred St Biddeford, ME 04005
County assessor Recorded deeds · 4 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 15 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
460 Elm, Biddeford, ME 04005-4126 $650,000 Jan 2024 5,573 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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