419 Hill St Biddeford, ME 04005
Property profile & analytics
419 Hill St, Biddeford, ME 04005
- Life science properties
- 28,119 SF
- 3.44 lot acres
Property ID
US42-0436408
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.
Location Intelligence
Current Use by Public Records
- Stoner & Co. Adult Use Biddeford / (Bike/Boat/Book/etc) Store
- Precision Manufacturing Solutions / Industrial Manufacturer
Property Details for 419 Hill St
- Year built
- 1985
- Construction
- STEEL FRAME
- Lot size
- 3.44 lot acres
- Zone code
- I2
- Property type
- Life science properties
- APN
- BIDD M:74 L:9
- APU
- BIDDM74L9
Description
This exceptional investment opportunity presents a 28,119 square foot industrial warehouse located at 419 Hill Street in Biddeford, Maine. The property, built in 1984 and extensively renovated in 1995 and 2022, boasts a 9% cap rate and a strong net operating income (NOI) of $340,111.37. Currently leased under a triple-net (NNN) lease with a single tenant for a 10-year term commencing October 30, 2020, and expiring December 30, 2029, this property offers significant long-term stability. The warehouse features 14-foot ceilings, one loading dock, and three dock-high doors. The 3.44-acre lot provides ample space, and parking is available at a rate of 100,000 spaces per 1,000 square feet. Significant improvements include a full building sprinkler system (installed 2021), a new dedicated water line (2021), all new electrical in 2021 (including backup generators and a state-of-the-art security system), and a roof section replacement in 2021. The property is zoned Industrial (I-2) and offers potential for expansion by an additional 20,000 square feet. The asking price is $3,800,000. This fully renovated, state-of-the-art facility presents a compelling investment opportunity with a proven track record and significant upside potential. The tenant has a strong financial profile and personal guarantee.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $885,000
-
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,130,000
- WAREHOUSE, STORAGE
- $910,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Biddeford
- County
- York
- State
- Maine
- Longitude
- -70.4774
- Latitude
- 43.4655
- 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
$37,282
$250,800
$2,590,800
$2,841,600
-
$0.00
$0.00
$0.00
