Technical
Financial
Distress signals
Property profile

12 Grays Ln Biddeford, ME 04005

OFF-MARKET
Other warehouses
Property ID
US42-0058378
7,560 SF 2.87 ac lot Built 1988
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

An industrial property with approximately 3,500 square feet of interior space, including warehouse area, a mezzanine level, and a small office area. The building is located just off the Maine Turnpike and the Biddeford Connector. It has one overhead door and one loading dock, and offers ample on-site parking for vehicles.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,560 SF
Lot 2.87 ac (125,017 SF)
Zoning code I1
APN BIDD M:12 L:12
UPID US42-0058378

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Roofing Company General Contractor
  • (Bike/Boat/Book/etc) Store

Location

12 Grays Ln Biddeford, ME 04005-4307
Biddeford metro Census 25100 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$925k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$925k

Owner & transaction history

since 2024
Last sale
$925,000
6 recorded transactions
2025
Price N/A
2024
$925,000
2021
Price N/A
2010
Price N/A
2009
Price N/A
2007
Price N/A

Zoning & alternative use

I1 · Biddeford, ME
Zoning description

The I1 district allows for general commercial and industrial uses

General category INDUSTRIAL
Top alternative use upside
Office building $985,000 +301.5%
Restaurant $955,000 +289.9%
Commercial (general) $725,000 +194.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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