New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Showrooms
68 Elm St, Biddeford, ME 04005-2013
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0457105
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,000 SF
Lot
0.92 ac (40,075 SF)
Zoning code
MSRD3
APN
BIDD M:40 L:24
UPID
US42-0457105
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
-
NorthEast Electrical Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.29M
Owner & transaction history
1 Diamond Dev LLC · 4 yrs held
1 Diamond Dev LLC
since 2022
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
MSRD3 · Biddeford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+46.3%
Office building
$1.7M
+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
$1,500,000
ML approach
$1,475,000
CAP Approach
CAP Return
Estimation
6%
$1,865,000
6.5%
$1,720,000
7%
$1,595,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,280,000
Current use
RESTAURANT
$1,875,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$1,745,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.18M (Apr 7 2022)
Last sale anchor
$1.18M
Apr 7 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
$143 / 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
$8,814
Tax year 2023
Assessed value
$671,800
Assessed 2023
Previous assessed
$540,500
+24.3% YoY
Effective rate
1.31%
On assessed value
Assessed land
$190,400
Assessed improvement
$481,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
9,000 SF
Lot
0.92 ac (40,075 SF)
Zoning code
MSRD3
APN
BIDD M:40 L:24
UPID
US42-0457105
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
$1.3M
RESTAURANT
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
1 Diamond Dev LLC
Entity
Mailing address
68 ELM ST, BIDDEFORD, ME 04005-2013
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
2 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
Apr 7, 2022
$1,175,000
1 Diamond Dev LLC
Pfp Lawrence INC
Quit Claim Arm's Length For Ne States
$840,000 · Mutualone 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 68 Elm St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
