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Property profile & analytics
OFF-MARKET
Estimated value
$3,340,000
Showrooms
432 Elm St Biddeford, ME 04005-4143
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0409612
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,632 SF
Lot
5 ac (217,800 SF)
Zoning code
B2
APN
BIDD M:20 L:1
UPID
US42-0409612
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
Current use
Occupant on record · Public records
-
Brown Dog Carriers LLC Freight Service Logistics Company
-
Mattress by appointment biddeford Furniture & Home Goods Home Decor Store
-
HMH Vises (Bike/Boat/Book/etc) Store
-
B-Dry System of Maine and New Hampshire, Inc. Hardware & Home Improvement Construction Company
-
Dynasty Dance Centre Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.52M
Comparable Approach
Comparable
$3.29M
Blend (final)
Blend
$3.34M
Owner & transaction history
Rocky Beach 1 LLC · 1 yrs held
Rocky Beach 1 LLC
since 2025
4 recorded transactions
Zoning & alternative use
B2 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.9M
+46.3%
Office building
$4.6M
+35.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,890,000
6.5%
$4,515,000
7%
$4,195,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,365,000
Current use
RESTAURANT
$4,925,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$4,575,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$3.34M
Range $3.01M – $3.67M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$141 / SF
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
$24,217
Tax year 2023
Assessed value
$1,845,800
Assessed 2023
Previous assessed
$1,354,800
+36.2% YoY
Effective rate
1.31%
On assessed value
Assessed land
$519,000
Assessed improvement
$1,326,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
6
Total area
23,632 SF
Lot
5 ac (217,800 SF)
Zoning code
B2
APN
BIDD M:20 L:1
UPID
US42-0409612
Jurisdiction
BIDDEFORD
Zoning & alternative use
B2 · Biddeford, ME
Zoning B2 · permitted uses
B2 · Biddeford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Biddeford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.4M
RESTAURANT
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
6
Lot
5 ac
Current owner
From public records · entity-resolved
Rocky Beach 1 LLC
Entity
Mailing address
9 LISA LN, BIDDEFORD, ME 04005-4047
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2025
$50,000
Rocky Beach 1 LLC
Cpm II LLC
Deed
$478,000 · Kathadin Trust Co
Oct 25, 2023
—
Cpm II LLC
—
Deed
related
$217,500 · Partners Bank Of New England
Apr 24, 2007
—
Northern Ventures LLC
Flotation Technologies
Warranty Deed
$1,250,000 · Gorham Savings Bank
Jul 3, 2006
—
Flotation Technologies
—
Deed Of Trust
related
$411,000 · Ocean National Bank
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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