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Property profile & analytics
OFF-MARKET
Estimated value
$2,120,000
Investment properties
145 Main St, Biddeford, ME 04005-2505
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0877499
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
13,034 SF
Lot
0.08 ac (3,485 SF)
Zoning code
MSRD1
APN
BIDD M:38 L:370
UPID
US42-0877499
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
-
145 Main Street Apartment Building
-
Ingenious Escape Games Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.49M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.12M
Owner & transaction history
Ocelot Operations LLC · 9 yrs held
Ocelot Operations LLC
since 2017
4 recorded transactions
Zoning & alternative use
MSRD1 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.7M
+46.3%
Office building
$2.5M
+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%
$2,700,000
6.5%
$2,490,000
7%
$2,315,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,855,000
Current use
RESTAURANT
$2,715,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$2,525,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$2.12M
Range $1.91M – $2.33M · ±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
$163 / 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
$17,005
Tax year 2023
Assessed value
$1,296,100
Assessed 2023
Previous assessed
$1,011,100
+28.2% YoY
Effective rate
1.31%
On assessed value
Assessed land
$308,400
Assessed improvement
$987,700
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
1900
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
4
Units
19
Bathrooms
9
Total area
13,034 SF
Lot
0.08 ac (3,485 SF)
Zoning code
MSRD1
APN
BIDD M:38 L:370
UPID
US42-0877499
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
$1.9M
RESTAURANT
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1900
Construction
FRAME
Heating
STEAM
Stories
4
Buildings
1
Units
19
Bathrooms
9
Lot
0.08 ac
Current owner
From public records · entity-resolved
Ocelot Operations LLC
Entity
Mailing address
82 HANOVER ST STE #5, PORTLAND, ME 04101-1979
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2017
—
Ocelot Operations LLC
Maine State Properties LLC
Quit Claim Deed
$1,000,000 · Bar Harbor Bk&tr
Dec 5, 2014
—
Maine State Props LLC
Jed Properties LLC
Warranty Deed
related
—
Aug 15, 2008
—
Jed Properties LLC
Ortner,kim D
Warranty Deed
$640,000 · Banco Popular NA
Oct 3, 2006
—
Kim D Ortner
—
Deed Of Trust
related
$627,200 · Worth Funding INC
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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