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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Manufacturing properties
18 Morin St Biddeford, ME 04005-4413
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US42-0314673
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Construction
STEEL FRAME
Total area
63,108 SF
Lot
6 ac (261,360 SF)
Zoning code
I1
APN
BIDD M:12 L:20
UPID
US42-0314673
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
-
Prescott Metal Production Facility Metal Fabrication Plant
-
Prescott Metal/Engineered Automatin of Maine Construction Company General Contractor
-
Engineered Automation of Maine, Inc. Industrial Manufacturer Production Facility
-
EAMVision Industrial Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.22M
Owner & transaction history
Pmre LLC · 10 yrs held
Pmre LLC
since 2016
3 recorded transactions
Zoning & alternative use
I1 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I1 district allows for general commercial and industrial uses
Zone name
General Industrial Zone
General category
INDUSTRIAL
Zone area
630.11 ac
Source
Realmo
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
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$19 / 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
$33,806
Tax year 2023
Assessed value
$2,576,700
Assessed 2023
Previous assessed
$2,576,700
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$517,800
Assessed improvement
$2,058,900
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
63,108 SF
Lot
6 ac (261,360 SF)
Zoning code
I1
APN
BIDD M:12 L:20
UPID
US42-0314673
Jurisdiction
BIDDEFORD
Zoning & alternative use
I1 · Biddeford, MEZoning I1 · permitted uses
I1 · Biddeford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I1 district allows for general commercial and industrial uses
Zone name
General Industrial Zone
General category
INDUSTRIAL
Zone area
630.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1967
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
6 ac
Current owner
From public records · entity-resolved
Pmre LLC
Entity
Mailing address
PO BOX 979, BIDDEFORD, ME 04005-0979
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2018
—
Pmre LLC
—
Deed
related
$500,000 · Saco & Biddeford Savs
May 12, 2016
—
Pmre LLC
Correct Holdings LLC
Quit Claim Arm's Length For Ne States
—
Jan 17, 2006
—
Holdings L L C Correct
—
Deed Of Trust
related
$170,000 · Biddeford-saco Area Economic Dev Corp
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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