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Property profile & analytics
OFF-MARKET
Parking lots & garages
183 Elm St Biddeford, ME 04005
Entity Owned
9-yr Hold
Free & Clear
Property ID
US42-0529118
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.03 ac (1,307 SF)
Zoning code
MSRD1
APN
BIDD M:38 L:149
UPID
US42-0529118
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Water Lofts LLC · 9 yrs held
Water Lofts LLC
since 2017
3 recorded transactions
Zoning & alternative use
MSRD1 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
o nonresidential uses are subject to site plan review. [Amended 2-2-2010 by Ord. No. 2009.98 ] n. Main Street Revitalization District Zones (MSRD): [Amended 2-2-2010 by Ord. No. 2009.98 ; 4-16-2013 by Ord. No. 2013.24 ] MSRD-1: The commercial core district where the intent is to preserve the historic character of Biddeford while promoting the growth of busin…
Zone name
Main Street Revitalization District Commercial Core
General category
COMMERCIAL
Zone area
51.91 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$509
Tax year 2023
Assessed value
$38,800
Assessed 2023
Previous assessed
$30,000
+29.3% YoY
Effective rate
1.31%
On assessed value
Assessed land
$38,200
Assessed improvement
$600
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Buildings
1
Lot
0.03 ac (1,307 SF)
Zoning code
MSRD1
APN
BIDD M:38 L:149
UPID
US42-0529118
Jurisdiction
BIDDEFORD
Zoning & alternative use
MSRD1 · Biddeford, MEZoning MSRD1 · permitted uses
MSRD1 · Biddeford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
o nonresidential uses are subject to site plan review. [Amended 2-2-2010 by Ord. No. 2009.98 ] n. Main Street Revitalization District Zones (MSRD): [Amended 2-2-2010 by Ord. No. 2009.98 ; 4-16-2013 by Ord. No. 2013.24 ] MSRD-1: The commercial core district where the intent is to preserve the historic character of Biddeford while promoting the growth of businesses and residences in the district. MSRD-2: The residential conservation district wh
Zone name
Main Street Revitalization District Commercial Core
General category
COMMERCIAL
Zone area
51.91 ac
Building & site characteristics
From public records
Heating
NONE
Buildings
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Water Lofts LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 1022, SACO, ME 04072-1022
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2020
—
Water Lofts LLC
—
Deed
related
$880,000 · Androscoggin Bank
Jul 31, 2017
—
Water Lofts LLC
—
Deed
related
$480,000 · Bangor Savings Bank
Jan 11, 2017
—
Water Lofts LLC
Maine Water Co
Quit Claim Deed
related
—
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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