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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Warehouses
12 Grays Ln Biddeford, ME 04005-4307
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0058378
Property summary
AI-generated overview
This exceptional 7,560 square foot industrial property, located at 12 Grays Lane in Biddeford, Maine, presents a unique opportunity for businesses seeking versatile space. The single-story building, constructed in 1988, sits on a generous 2.87-acre lot and is zoned I1 - General Industrial & B2 - Highway Business (APN: Map 12, Lot 12). The property features a flexible layout, ideal for a variety of uses, including warehouse and flex space. The building boasts one loading dock and one dock-high door, ensuring efficient loading and unloading operations. A significant portion of the space is dedicated to warehouse storage, complemented by a mezzanine level and a smaller office area. The property's strategic location offers easy access to the Maine Turnpike and Biddeford Connector, providing excellent connectivity for regional and statewide distribution. Ample on-site parking is available for employees and visitors. This multi-tenant building offers approximately 3,000 square feet of immediately available space. This is an exceptional opportunity to secure a well-located and functional industrial property in a thriving Maine market. Contact us today to schedule a viewing.
Property profile
Verified
Property type
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Southern Maine Seamless Gutters Roofing Company General Contractor
-
Headies Medical Cannabis Dispensary (Biddeford) (Bike/Boat/Book/etc) Store
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
Gatti Maine Property LLC · 1 yrs held
Gatti Maine Property LLC
since 2024
Last sale
$925,000
6 recorded transactions
Zoning & alternative use
I1 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$985,000
+301.5%
Restaurant
$955,000
+289.9%
Commercial (general)
$725,000
+194.7%
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
$925,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$985,000
Change: +302% · Conversion: Difficult
RESTAURANT
$955,000
Change: +290% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: +195% · Conversion: Difficult
RETAIL STORES
$720,000
Change: +194% · Conversion: Moderate
AUTO REPAIR, GARAGE
$680,000
Change: +178% · Conversion: Easy
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $925k (Oct 25 2024)
Last sale anchor
$925k
Oct 25 2024
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
$7,464
Tax year 2023
Assessed value
$568,900
Assessed 2023
Previous assessed
$568,900
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$144,600
Assessed improvement
$424,300
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
Similar Nearby for Lease
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
7,560 SF
Lot
2.87 ac (125,017 SF)
Zoning code
I1
APN
BIDD M:12 L:12
UPID
US42-0058378
Jurisdiction
BIDDEFORD
Zoning & alternative use
I1 · Biddeford, ME
Zoning I1 · permitted uses
I1 · 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
Est. value
$985,000
RESTAURANT
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$725,000
RETAIL STORES
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$680,000
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
2.87 ac
Current owner
From public records · entity-resolved
Gatti Maine Property LLC
Entity
Mailing address
256 MARGINAL ST, BOSTON, MA 02128-2871
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2025
—
Gatti Maine Property LLC
—
Deed
related
$150,000 · Cport Credit Union
Oct 25, 2024
$925,000
Gatti Maine Property LLC
Nichols Holdings LLC
Quit Claim Arm's Length For Ne States
$740,000 · Cport Credit Union
Oct 1, 2021
—
Nichols Holdings LLC
K&a Properties LLC
Quit Claim Deed
related
$735,000 · Msa Lending LLC
Feb 17, 2010
—
K&a Props LLC
Stone,justin J
Warranty Deed
$164,770 · Northeast Bank
May 8, 2009
—
Justin Stone
—
Deed Of Trust
related
$20,000 · Machias Savings Bank
Dec 19, 2007
—
Justin Stone
—
Deed Of Trust
related
$57,632 · Machias Savings Bank
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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