Property profile

260 Main St Biddeford, ME 04005

OFF-MARKET
Office buildings
Property ID
US42-0422535
13,800 SF 0.24 ac lot Built 1985
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,800 SF
Lot 0.24 ac (10,454 SF)
Zoning code MSRD1
APN BIDD M:38 L:124
UPID US42-0422535

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Insurance Agency
  • Accounting Firm
  • Accounting Firm Tax Preparation
  • Construction Company General Contractor

Location

260 Main St Biddeford, ME 04005-2419
Biddeford metro Census 25206 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.71M
Comparable Approach Comparable
$2.87M
Blend (final) Blend
$2.84M

Owner & transaction history

since 2009
2 recorded transactions
2009
Price N/A
2006
Price N/A

Zoning & alternative use

MSRD1 · Biddeford, ME
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 ]…

General category COMMERCIAL
Top alternative use upside
Retail stores $3.8M +43.5%
Restaurant $2.9M +7.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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