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Financial
Distress signals
Property profile

299 Elm St Biddeford, ME 04005

FOR LEASE
Banks
Property ID
US42-0387783
2,456 SF 0.4 ac lot Built 1989
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a ground-lease outparcel totaling approximately 0.4+/- acres and includes a former building of about 2,500+/- square feet configured with a drive-through. The existing structure is suitable for renovation or for clearance, with the site laid out for potential new building development. The parcel is positioned along Route 1 at a highly visible commercial corridor and is described as being able to be connected with the adjacent Hannaford location. Reported traffic counts for the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$658k
Assessed land$114k
Assessed improvement$544k
Effective rate1.31%

Value estimate

· Oct 2026
$395k
$356k – $435k
AI approach$325k
NOI build-up
Gross scheduled income$68k
Vacancy & credit loss−$6k
Operating expenses−$19k
NOI · 178,751.53% cap applied$44k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
178,751.53%
$44k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B2
The B2 is highway-oriented commercial area, Residential development is prohibited from this zone
General categoryCOMMERCIAL
JurisdictionBIDDEFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office10.3
Auto Parts Store9.2
Locksmith9.0

Location

299 Elm St Biddeford, ME 04005
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
25 Edwards, Biddeford, ME 04005-3709 $265,000 Feb 2026 18,774 SF
9 Thornton, Biddeford, ME 04005-2023 $375,000 Dec 2025 2,640 SF
453 Elm, Biddeford, ME 04005-4145 $540,000 Aug 2024 4,358 SF
447 Elm, Biddeford, ME 04005-4114 $1,100,000 May 2024 2,284 SF
9 Pomerleau, Biddeford, ME 04005-9457 $1,100,000 Dec 2023 11,900 SF
68 Elm, Biddeford, ME 04005-2013 $1,175,000 Apr 2022 9,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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