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Property profile & analytics
OFF-MARKET
Industrial land
23 Marcel Ave Biddeford, ME 04005-4313
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US42-0512966
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1948
Total area
1,040 SF
Lot
3.4 ac (148,104 SF)
Zoning code
I2
APN
BIDD M:74 L:11
UPID
US42-0512966
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
Brown Dog Carriers LLC · 4 yrs held
Brown Dog Carriers LLC
since 2021
6 recorded transactions
Zoning & alternative use
I2 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A more defined industrial zone that allows for selected industrial uses, Requires review or recommendation by the Economic Improvement Commission
Zone name
Airport Industrial Zone
General category
INDUSTRIAL
Zone area
241.20 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
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
$1,111
Tax year 2023
Assessed value
$84,700
Assessed 2023
Previous assessed
$84,700
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$84,700
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
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1948
Heating
HOT WATER
Stories
1
Rooms
5
Bathrooms
1
Total area
1,040 SF
Lot
3.4 ac (148,104 SF)
Zoning code
I2
APN
BIDD M:74 L:11
UPID
US42-0512966
Jurisdiction
BIDDEFORD
Zoning & alternative use
I2 · Biddeford, MEZoning I2 · permitted uses
I2 · Biddeford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A more defined industrial zone that allows for selected industrial uses, Requires review or recommendation by the Economic Improvement Commission
Zone name
Airport Industrial Zone
General category
INDUSTRIAL
Zone area
241.20 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1948
Heating
HOT WATER
Stories
1
Rooms
5
Bathrooms
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
Brown Dog Carriers LLC
Entity
Mailing address
432 ELM ST, BIDDEFORD, ME 04005-4143
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
—
Brown Dog Carriers LLC
—
Deed
related
$240,000 · Androscoggin Bank
Oct 12, 2023
—
Brown Dog Carriers LLC
—
Deed
related
$240,000 · Td Bank NA
Oct 22, 2021
—
Brown Dog Carriers LLC
Dempsey LLC
Quit Claim Deed
related
$252,000 · Bangor Savings Bank
Mar 16, 2020
—
Dempsey LLC
—
Deed
related
$700,000 · Jenness Trust (ct)
Dec 4, 2019
—
Dempsey LLC
—
Trustees Deed
$280,000 · Jenness Trust (ct)
—
—
Dempsey LLC
—
Deed Of Trust
related
$700,000 · Jenness Trust (ct)
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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