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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Manufacturing properties
64 Landry St Biddeford, ME 04005-4321
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0016403
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
STEEL FRAME
Total area
5,000 SF
Lot
2.56 ac (111,514 SF)
Zoning code
I2
APN
BIDD M:74 L:10-1
UPID
US42-0016403
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
$795k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Volare LLC · 4 yrs held
Volare LLC
since 2022
Last sale
$780,000
5 recorded transactions
Zoning & alternative use
I2 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A more defined industrial zone that allows for selected industrial uses, Requires review or recommendation by the Economic Improvement Commission
Zone name
Airport Industrial Zone
General category
INDUSTRIAL
Zone area
241.20 ac
Source
Realmo
Top alternative use upside
Office building
$650,000
+223.7%
Restaurant
$635,000
+214.3%
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
$995,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Change: +224% · Conversion: Difficult
RESTAURANT
$635,000
Change: +214% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $780k (Apr 22 2022)
Last sale anchor
$780k
Apr 22 2022
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
$174 / 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
$5,980
Tax year 2023
Assessed value
$455,800
Assessed 2023
Previous assessed
$455,800
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$133,300
Assessed improvement
$322,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
5,000 SF
Lot
2.56 ac (111,514 SF)
Zoning code
I2
APN
BIDD M:74 L:10-1
UPID
US42-0016403
Jurisdiction
BIDDEFORD
Zoning & alternative use
I2 · Biddeford, MEZoning I2 · permitted uses
I2 · Biddeford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A more defined industrial zone that allows for selected industrial uses, Requires review or recommendation by the Economic Improvement Commission
Zone name
Airport Industrial Zone
General category
INDUSTRIAL
Zone area
241.20 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$650,000
RESTAURANT
Est. value
$635,000
OFFICE BUILDING
RESTAURANT
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
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
2.56 ac
Current owner
From public records · entity-resolved
Volare LLC
Entity
Mailing address
64 LANDRY ST, BIDDEFORD, ME 04005-4321
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
$780,000
Volare LLC
64 Landry St LLC
Quit Claim Arm's Length For Ne States
$663,000 · Bath Savings Institution
Sep 14, 2015
—
64 Landry Street LLC
Lukas Foods INC
Quit Claim Arm's Length For Ne States
$235,500 · Gorham Savings Bank
Jun 11, 2012
—
Lukas Foods INC
—
Deed Of Trust
related
$200,000 · Biddeford Saco Area Dev Corp
Jul 29, 2011
—
Lukas Foods INC
Biddeford City Of
Grant Deed
related
—
Jul 8, 2005
—
Lukas Foods INC
Handlen,cynthia G
Warranty Deed
related
$186,539 · Peperell Bank & Trust
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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