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    288 Main St Biddeford, ME 04005-2459
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    Property profile & analytics

    288 Main St Biddeford, ME 04005-2459

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    • Investment properties
    • 5,162 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Mar 27, 2025
    Property ID
    US42-0334377
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    6.3%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Bay Bowls Biddeford / (Bike/Boat/Book/etc) Store / Take-out & Catering
    • 71 Smoke Shop & Variety / (Bike/Boat/Book/etc) Store
    • Bitstop Bitcoin ATM / Crypto Atm / Atm
    • Mulligan & Company, Inc. / Tax Preparation

    Property Details for 288 Main St

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property size
    5,162 SF
    Zone code
    MSRD1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BIDD M:38 L:122-1
    APU
    BIDDM38L1221

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,020,000
      ML approach
      $1,015,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,070,000
      6.5%
      $985,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $921,000
      Market price range: $400k - $1.02M
      AI Estimate
      $618,000
      Market price range: $192k - $802k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $735,000
      Current use
      RETAIL STORES
      $1,435,000
      Change: +95% Conversion: Easy
      RESTAURANT
      $1,075,000
      Change: +46% Conversion: Difficult
      OFFICE BUILDING
      $1,000,000
      Change: +36% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.4584
    Latitude
    43.4945
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,780
    $158,100
    $358,700
    $516,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      1 Lester B Orcutt Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.25 Acres
      1 Lester B Orcutt Blvd, Biddeford, ME 04005
      View Details
    • Value Estimation
      $3,025,000
      28,596 SF

      193 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 28,596 SF
      193 Main St, Biddeford, ME 04005-2590
      View Details
    • Value Estimation by Request
      2,130 SF

      18 Yates St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,130 SF
      18 Yates St, Biddeford, ME 04005
      View Details
    • Value Estimation by Request
      4,806 SF

      269 Ww St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,806 SF
      269 Ww St, Biddeford, ME 04005-9762
      View Details
    • Value Estimation by Request
      936 SF

      314 Alfred St

      OFFICE/RESIDENTIAL (MIXED USE) • 936 SF
      314 Alfred St, Biddeford, ME 04005-3102
      View Details
    • Value Estimation
      $805,000
      5,136 SF

      3 Beacon Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,136 SF
      3 Beacon Ave, Biddeford, ME 04005-2917
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,000 SF

      Biddeford Mill Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Biddeford's historic Pepperell Mill Campus.
      40 Main St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      17,385 SF

      Historic Mixed-Use Redevelopment Opportunity

      Historic Laconia Lodge in Biddeford primed for mixed-use redevelopment.
      25 Alfred St, Biddeford, ME 04005
      View Details
    • $2,295,000
      11,374 SF

      Mixed-Use Property with Heated Warehouse

      High-performing mixed-use property with residential units and a warehouse.
      276 Hill St, Biddeford, ME 04005
      View Details
    • $1,200,000
      4,911 SF

      Mixed-Use Commercial Opportunity in Biddeford

      Three buildings on 1+ acre with high-income potential.
      6 Proctor Rd, Biddeford, ME 04005
      View Details
    • $895,000
      Pending

      3.2 Acres on Route 1

      3.2 acres on Route 1 in Biddeford, Maine.
      532 Elm St Us Rte 1, Biddeford, ME 04005
      View Details
    • New
      $2,750,000
      8,808 SF

      Biddeford Multifamily Investment Opportunity

      Ten units with development potential in Biddeford, Maine.
      79 W Cutts St, Biddeford, ME 04005
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail and Dining Hub

      New construction retail and dining space in downtown Biddeford.
      30 Gooch St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      28,500 SF

      Retail Space in Renovated Center

      Retail spaces available in a renovated multi-tenanted retail center.
      420 Alfred St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      2,249 SF

      Riverfront Retail Space in Biddeford

      2,249± sf retail space along the Riverfront in Biddeford.
      28 Pearl St, Biddeford, ME 04005
      View Details
    • Contact for pricing

      Industrial Building in Biddeford Park

      52,000± SF industrial building for lease in Biddeford, Maine.
      20 Morin St, Biddeford, ME 04005
      View Details
    • Contact for pricing

      Biddeford Office Space Available

      Ground floor office space for lease in Biddeford.
      7 Pomerleau St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      64,800 SF

      Downtown Biddeford Class A Office

      New Class A office space in Biddeford, available Spring 2025.
      3 Lincoln St, Biddeford, ME 04005
      View Details

    Property Visit Statistics

    • Visits by month
      7.6k
    • Visitors by month
      5.4k
    • Avg Time on site
      4 min
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    288 Main St
    Biddeford, ME 04005-2459
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    288 Main St, Biddeford, ME, 04005
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