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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Office buildings
11 Adams St, Biddeford, ME 04005-2562
Entity Owned
Absentee Owner
Free & Clear
Property ID
US42-0504264
Property summary
AI-generated overview
This exceptional Class A office space in downtown Biddeford offers up to 3,000 square feet of flexible, modern workspace. Located in a 12,000 square foot building, this property boasts stunning features including exposed brick, beautiful wood floors, and large windows that flood the space with natural light. Currently, there are 3,000 square feet available for lease, perfect for a single tenant or multiple smaller businesses seeking executive suites. The space is highly desirable due to its prime location directly across from City Hall and adjacent to the District Courthouse, providing excellent visibility and convenient access to municipal services and legal professionals. The building's zoning is MSRD1, and the APN is 38-339 in York County. The property is ideal for businesses seeking a prestigious address in a vibrant, revitalized downtown area. The available space is adaptable to various business needs, ranging from a single 150 square foot office to the entire 3,000 square foot area. This is a rare opportunity to secure high-quality office space in a highly sought-after location. Inquire today to learn more about leasing options and availability.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1877
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,562 SF
Lot
0.1 ac (4,356 SF)
Zoning code
MSRD1
APN
BIDD M:38 L:339
UPID
US42-0504264
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
-
Berman & Simmons Trial Attorneys Law Firm
-
Ad Blocks (Bike/Boat/Book/etc) Store Corporate Office
-
Coco Bar and Grill Restaurant
-
Corrections Department-Adult Prison
-
Universal Debt Settlement Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.61M
Owner & transaction history
COURT SQ PROPERTIES LLC
COURT SQ PROPERTIES LLC
Zoning & alternative use
MSRD1 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+7.7%
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
OFFICE BUILDING
$2,240,000
Current use
RESTAURANT
$2,410,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±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
$139 / 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
$12,087
Tax year 2023
Assessed value
$921,300
Assessed 2023
Previous assessed
$780,500
+18.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$156,200
Assessed improvement
$765,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1877
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
3
Units
3
Bathrooms
2
Total area
11,562 SF
Lot
0.1 ac (4,356 SF)
Zoning code
MSRD1
APN
BIDD M:38 L:339
UPID
US42-0504264
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
OFFICE BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$2.4M
OFFICE BUILDING Current
RESTAURANT
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
1877
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Buildings
1
Units
3
Bathrooms
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
COURT SQ PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
124 FORTUNES ROCKS RD, BIDDEFORD, ME 04005-9566
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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