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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Medical Office Space
556 Elm St Biddeford, ME 04005-4330
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US42-0533233
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Construction
FRAME
Total area
6,575 SF
Lot
1.31 ac (57,064 SF)
Zoning code
B2
APN
BIDD M:14 L:1
UPID
US42-0533233
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
-
Biddeford Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Animal Properties LLC · 8 yrs held
Animal Properties LLC
since 2018
3 recorded transactions
Zoning & alternative use
B2 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B2 is highway-oriented commercial area, Residential development is prohibited from this zone
Zone name
Highway Business Zone
General category
COMMERCIAL
Zone area
443.45 ac
Source
Realmo
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Change: 0% · Conversion: Easy
RESTAURANT
$830,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$630,000
Change: 0% · Conversion: Easy
RETAIL STORES
$630,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$132 / 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
$10,695
Tax year 2023
Assessed value
$815,200
Assessed 2023
Previous assessed
$476,800
+71.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$224,900
Assessed improvement
$590,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
6,575 SF
Lot
1.31 ac (57,064 SF)
Zoning code
B2
APN
BIDD M:14 L:1
UPID
US42-0533233
Jurisdiction
BIDDEFORD
Zoning & alternative use
B2 · Biddeford, MEZoning B2 · permitted uses
B2 · Biddeford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B2 is highway-oriented commercial area, Residential development is prohibited from this zone
Zone name
Highway Business Zone
General category
COMMERCIAL
Zone area
443.45 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$855,000
RESTAURANT
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$630,000
RETAIL STORES
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$590,000
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.31 ac
Current owner
From public records · entity-resolved
Animal Properties LLC
Entity
Mailing address
556 ELM ST, BIDDEFORD, ME 04005-4330
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2018
—
Animal Properties LLC
Soliman Alicia G L/tr
Grant Deed
$65,000 · Fsoliman Mounir Living Tr (lt)
May 16, 2008
—
Mounir F Soliman
—
Deed Of Trust
related
$165,000 · Bangor Savings Bank
—
—
Biddeford Animal Prop LLC
—
Deed Of Trust
related
$65,000 · Fsoliman Mounir Living Tr (lt)
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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