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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Investment properties
109 Alfred St, Biddeford, ME 04005-2580
Entity Owned
~
Est. High Equity
Property ID
US42-0907691
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1770
Construction
FRAME
Total area
4,800 SF
Lot
0.18 ac (7,841 SF)
Zoning code
MSRD1
APN
BIDD M:38 L:431
UPID
US42-0907691
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Houde's Hair Fashions Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$585k
Owner & transaction history
Bmc Investments LLC
Bmc Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
MSRD1 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$930,000
+35.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Biddeford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Biddeford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$685,000
Current use
OFFICE BUILDING
$930,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$122 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,903
Tax year 2023
Assessed value
$373,700
Assessed 2023
Previous assessed
$344,000
+8.6% YoY
Effective rate
1.31%
On assessed value
Assessed land
$163,700
Assessed improvement
$210,000
Applied tax rate
4,860.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1770
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
6
Bathrooms
6
Total area
4,800 SF
Lot
0.18 ac (7,841 SF)
Zoning code
MSRD1
APN
BIDD M:38 L:431
UPID
US42-0907691
Jurisdiction
BIDDEFORD
Zoning & alternative use
MSRD1 · Biddeford, ME
Zoning MSRD1 · permitted uses
MSRD1 · Biddeford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Biddeford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$685,000
OFFICE BUILDING
Est. value
$930,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1770
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
6
Bathrooms
6
Lot
0.18 ac
Current owner
From public records · entity-resolved
Bmc Investments LLC
Entity
Mailing address
PO BOX 1604, SACO, ME 04072-7604
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2025
—
Bmc Investments LLC
Michael Conlon
Quitclaim Deed
related
—
Nov 12, 2024
—
Michael Conlon
Bmc Investments LLC
Warranty Deed
—
Mar 24, 2023
—
Bmc Investments LLC
—
Deed
related
$650,000 · Carol J Rebussini
Sep 9, 2022
—
Bmc Investments LLC
—
Deed
related
$454,000 · Banknewport
Oct 23, 2020
—
Bmc Investments LLC
Cm LLC
Warranty Deed
$375,000 · John E Coz
Feb 25, 2020
—
Cm LLC
—
Deed
related
$293,000 · Mallard Cap LLC
Feb 20, 2020
—
Cm LLC
—
Deed
related
$310,000 · Camden Office LLC
Dec 13, 2018
$216,000
Cm LLC
Wells Fargo Bk NA
Quit Claim Deed
$300,000 · Venture Capital LLC
Sep 20, 2018
—
Wells Fargo Bk NA
Wells Fargo Bk NA|mccullum,mark B
Quit Claim Deed
related
—
Jun 18, 2018
—
Wells Fargo Bk NA
Wells Fargo Bk NA|mccallum,mark B
Quit Claim Deed
related
—
May 25, 2012
—
2047 Assoc LLC
Mccallum,mark B & Mark
Quit Claim Deed
related
—
Apr 16, 2009
—
Donald P Houde
Peppercorn RT
Warranty Deed
$64,800 · Kennebunk Savings Bank
May 11, 2006
—
Peppercorn RT
—
Deed Of Trust
related
$50,000 · Peopleschoice Cu
Apr 7, 2006
—
Peppercorn RT
Mccallum,mark B
Warranty Deed
related
—
Mar 3, 2006
—
Mark B Mccallum
—
Deed Of Trust
related
$273,035 · Amerihome Mortgage Co LLC
Feb 14, 2006
—
Mark B Mccallum
—
Deed Of Trust
related
$260,000 · Option One Mortgage Corp
—
—
Cm LLC
—
Deed Of Trust
related
$293,000 · Mallard Cap LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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