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Property profile

5 Washington St Biddeford, ME 04005

OFF-MARKET
Investment properties
Property ID
US42-0876346
View Sample
15,666 SF 0.16 ac lot Built 1925
Entity Owned Absentee Owner Free & Clear

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,666 SF
Lot 0.16 ac (6,970 SF)
Zoning code MSRD1
APN BIDD M:38 L:352
UPID US42-0876346

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
  • Counselor Doctor
  • Physician Medical Clinic
  • Bakery Specialty Food Shop
  • Clothing Store Beer Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.00M
Comparable Approach Comparable
$3.10M
Blend (final) Blend
$2.75M

Owner & transaction history

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 $4.4M +95.0%
Restaurant $3.3M +46.3%
Office building $3.0M +35.9%

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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