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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Commercial real estate
2 Main St Biddeford, ME 04005-2041
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0506677
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1859
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
122,465 SF
Lot
0.51 ac (22,216 SF)
Zoning code
MSRD3
APN
BIDD M:71 L:11
UPID
US42-0506677
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
-
Heartwood College of Art College
-
Engineered Drafting and Design, LLC Steelwork Design Service Drafting Service
-
STEAMfruit IT Consulting Firm
-
Kymara Skin Artistry Skin Care Clinic
-
Joseph Mekonis Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
North Dam LLC · 12 yrs held
North Dam LLC
since 2013
Last sale
$312,500
4 recorded transactions
Zoning & alternative use
MSRD3 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4 / 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
$184,811
Tax year 2023
Assessed value
$14,086,200
Assessed 2023
Previous assessed
$10,201,200
+38.1% YoY
Effective rate
1.31%
On assessed value
Assessed land
$181,400
Assessed improvement
$13,904,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1859
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
4
Units
50
Total area
122,465 SF
Lot
0.51 ac (22,216 SF)
Zoning code
MSRD3
APN
BIDD M:71 L:11
UPID
US42-0506677
Jurisdiction
BIDDEFORD
Zoning & alternative use
MSRD3 · Biddeford, ME
Zoning MSRD3 · permitted uses
MSRD3 · 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.
Building & site characteristics
From public records
Year built
1859
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
4
Buildings
1
Units
50
Lot
0.51 ac
Current owner
From public records · entity-resolved
North Dam LLC
Entity
Mailing address
3100 MCKINNON ST STE #250, DALLAS, TX 75201-1112
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Sep 3, 2013
—
North Dam LLC
—
Deed Of Trust
related
$250,000 · Saco & Biddeford Savings
Mar 26, 2008
—
North Dam LLC
—
Deed Of Trust
related
$25,000 · Misc Other
Jan 17, 2008
—
North Dam LLC
—
Deed Of Trust
related
$610,000 · Saco & Biddeford Savings
May 24, 2005
—
North Dam LLC
—
Deed Of Trust
related
$200,000 · Gorham 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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