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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Investment properties
52 Elm St, Biddeford, ME 04005-2058
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0456800
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1988
Construction
FRAME
Total area
6,000 SF
Lot
0.3 ac (13,068 SF)
Zoning code
MSRD3
APN
BIDD M:40 L:25
UPID
US42-0456800
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
-
Subway Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$995k
Owner & transaction history
One Diamond Dev LLC · 1 yrs held
One Diamond Dev LLC
since 2024
4 recorded transactions
Zoning & alternative use
MSRD3 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+46.3%
Office building
$1.2M
+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%
$1,240,000
6.5%
$1,145,000
7%
$1,065,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$855,000
Current use
RESTAURANT
$1,250,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$1,160,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$166 / 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
$8,109
Tax year 2023
Assessed value
$618,100
Assessed 2023
Previous assessed
$573,700
+7.7% YoY
Effective rate
1.31%
On assessed value
Assessed land
$172,900
Assessed improvement
$445,200
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
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
6
Bathrooms
2
Total area
6,000 SF
Lot
0.3 ac (13,068 SF)
Zoning code
MSRD3
APN
BIDD M:40 L:25
UPID
US42-0456800
Jurisdiction
BIDDEFORD
Zoning & alternative use
MSRD3 · Biddeford, ME
Zoning MSRD3 · permitted uses
MSRD3 · 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
$855,000
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
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
1988
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
6
Bathrooms
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
One Diamond Dev LLC
Entity
Mailing address
21 LIVEWELL DR #201, KENNEBUNK, ME 04043-6758
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 5, 2024
—
One Diamond Dev LLC
—
Deed
related
$5,300,000 · Mutualone Bank
Sep 1, 2017
—
Rstbr LLC
—
Deed
related
$250,000 · Td Bank NA
Aug 22, 2014
—
Rstbr LLC
—
Grant Deed
related
$200,000 · Td Bk NA
Jul 28, 2014
—
Rstbr LLC
—
Grant Deed
related
$200,000 · Td Bk NA
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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