Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    261 Shore Rd Ogunquit, ME 03907

    Sponsored
    For Sale
    $1,538,200

    Commercial Building - Ogunquit, ME

    Property size:
    4,811 SF
    Lot size:
    0.34 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 29 at 1:06 am

    Property Features for 261 Shore Rd

    General Information

    Special listing conditions
    Real Estate Owned
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Real Estate Owned
    Standard status
    Active
    Parking features
    Garage
    Size
    4,811 SF
    Lot size
    0.34 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Keenan

    Keenan Auction Company, Inc. (207) 885-5100

    Listing agent Richard Keenan (207) 885-5100

    Listing date Jan 27, 2026

    MLS# 11637909 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Ogunquit Mixed-Use Commercial Building

    The Northern Union Restaurant is located within a circa 1925 two-story mixed-use building that has been completely renovated. The building has a total gross area of 4,811 square feet and sits on a 0.34-acre parcel. The first floor features a 2,747-square-foot restaurant and a 460-square-foot professional office suite. The second floor includes 504 square feet of restaurant/office space and an 1,100-square-foot 3-bedroom apartment. The restaurant has a seating capacity of 83, with additional outdoor seating for 14 guests. The property has approximately 17 parking spaces and frontage of 122 feet on Shore Road, 130 feet on Stearns Road, and 111 feet on Ledge Road. Manicured grounds and exterior decks are among the amenities. The property is identified as Tax Map 5, Lot 15.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northern Union New American Restaurant Marathon Real Estate Real Estate Agency Ogunquit Rental Properties Real Estate Rental Agency

    Suggested Use

    Law Firm Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Pharmacy Gym & Fitness Kitchen & Bath Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ogunquit
    County
    York
    State
    Maine
    Longitude
    -70.596152
    Latitude
    43.240848

    Nearby Similar for Sale

    • $2,775,000
      3,310 SF

      Charming Multi-Unit Property in Ogunquit

      Legal three-unit property near Marginal Way and Ogunquit Beach.
      33 Rocky Ln, Ogunquit, ME 03907
      View Details
    • $3,299,000
      1,368 SF

      Ocean View Multi-Family Investment

      Renovated multi-family property with ocean views and rental income potential.
      117 Perkins Cv Rd, Ogunquit, ME 03907
      View Details
    • $539,000
      1,796 SF

      Ogunquit Village Commercial Condominium

      Renovated commercial space in the heart of Ogunquit Village.
      20 Shr Rd Unit 1R, Ogunquit, ME 03907
      View Details
    • $2,775,000
      4,679 SF

      Ogunquit Shore Road Commercial Landmark

      Storied restaurant, pizzeria, and apartment in prime coastal location.
      200 Shore Rd, Ogunquit, ME 03907
      View Details
    • Contact for pricing
      4,679 SF

      Ogunquit Restaurant with Pizzeria

      Established restaurant with pizzeria, lounge, and apartment near Perkins Cove.
      200 Shore Rd, Ogunquit, ME 03907
      View Details
    • $2,775,000

      Ogunquit Specialty Property For Sale

      Specialty property available for purchase in Ogunquit, Maine.
      33 Rocky Ln, Ogunquit, ME 03907
      View Details
    • $6,500,000
      5,525 SF

      Prime Ogunquit Commercial Inn

      Coastal Maine Inn, 17 Rooms, 3.25 Acres
      14 Vlg Sq Ln, Ogunquit, ME 03907
      View Details
    • $3,250,000
      5,579 SF

      Ogunquit Restaurant & Residence

      Prime Ogunquit location, high-end restaurant, 2-bedroom unit.
      261 Shore Rd, Ogunquit, ME 03907
      View Details
    • $4,950,000
      12,608 SF

      Santa Clara Flex Space, 96,500 SF

      Industrial Condo, Ideal for Business
      309 Shore Rd, Ogunquit, ME 03907
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use building with restaurant, apartment, and office space.
    Where is this mixed-use property located?
    The property is located at 261 Shore Rd Ogunquit, ME.
    What is the asking price?
    The asking price for this property is $1,538,200.
    What are key features of this property?
    This property features: - Mixed-use property featuring an 83-seat restaurant with outdoor seating, a 3-bedroom apartment, and a professional office suite.; - **Completely renovated circa 1925 building with high-quality craftsmanship.**; - Includes all restaurant equipment, furnishings, and electronics.
    (207) 885-5100
    Request Owner's contact information
    261 Shore Rd Ogunquit, ME 03907
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    261 Shore Rd
    Ogunquit, ME 03907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    261 Shore Rd Ogunquit, ME 03907
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Richard Keenan
    (207) 885-5100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.