New search
Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Investment properties
23 Jefferson St, Biddeford, ME 04005-2435
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0382323
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1870
Construction
FRAME
Total area
3,570 SF
Lot
0.14 ac (6,098 SF)
Zoning code
MSRD1
APN
BIDD M:38 L:192
UPID
US42-0382323
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
-
Dube Gervais Properties Inc Construction Company
-
Law Offices of Scott D. Gardner Law Firm
-
Signature Realty Real Estate Agency
-
Stephen's Hair Design Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$700k
Owner & transaction history
Olcott&owen LLC · 4 yrs held
Olcott&owen LLC
since 2022
Last sale
$708,000
4 recorded transactions
Zoning & alternative use
MSRD1 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$990,000
+95.0%
Office building
$690,000
+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
$905,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$680,000
7%
$635,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Current use
RETAIL STORES
$990,000
Change: +95% · Conversion: Easy
OFFICE BUILDING
$690,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $708k (Feb 8 2022)
Last sale anchor
$708k
Feb 8 2022
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
$196 / 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
$7,813
Tax year 2023
Assessed value
$595,500
Assessed 2023
Previous assessed
$364,200
+63.5% YoY
Effective rate
1.31%
On assessed value
Assessed land
$160,100
Assessed improvement
$435,400
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
1870
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
5
Bathrooms
2
Total area
3,570 SF
Lot
0.14 ac (6,098 SF)
Zoning code
MSRD1
APN
BIDD M:38 L:192
UPID
US42-0382323
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
$510,000
RETAIL STORES
Est. value
$990,000
OFFICE BUILDING
Est. value
$690,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1870
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
5
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Olcott&owen LLC
Entity
Mailing address
23 JEFFERSON ST, BIDDEFORD, ME 04005-2435
Ownership since
2022
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
Feb 8, 2022
$708,000
Olcott&owen LLC
23 Jefferson Street LLC
Warranty Deed
$558,000 · Peopleschoice Credit Union
Oct 17, 2013
—
Gervais J Dube
—
Deed Of Trust
related
$125,000 · Biddeford Savings Bank
Nov 21, 2005
—
Gervais J Dube
—
Deed Of Trust
related
$1,000,000 · Biddeford Savings Bank
Nov 9, 2005
—
Dube Lewis Props INC
Bernard,debra A
Deed Of Trust
related
$350,000 · Debra H Bernard
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23 Jefferson St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
