Property profile

261 Shr Rd Ogunquit, ME 03907

OFF-MARKET
Other investment properties
Property ID
US42-0218247
4,635 SF 0.34 ac lot Built 1925
Individually Owned
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Property summary

AI-generated overview

A circa-1925, two-story mixed-use building with a total gross area of 4,811 square feet, situated on a 0.34-acre parcel and identified as Tax Map 5, Lot 15. The first floor is configured with a 2,747-square-foot restaurant area and a 460-square-foot professional office suite, while the second floor includes 504 square feet of restaurant/office space and an 1,100-square-foot, three-bedroom apartment. The restaurant provides seating for 83 guests, with an additional outdoor seating area for 14. The property includes landscaped grounds and exterior decks, along with approximately 17 parking spaces and road frontage of approximately 122 feet on Shore Road, 130 feet on Stearns Road, and 111 feet on Ledge Road.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1925
Construction FRAME
Total area 4,635 SF
Lot 0.34 ac (14,810 SF)
Zoning code LBD
APN OGUN M:005 L:015
UPID US42-0218247

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Real Estate Agency
  • Real Estate Agency

Location

261 Shr Rd Ogunquit, ME 03907-3911
Ogunquit metro Census 34006 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$885k
Comparable Approach Comparable
$816k
Blend (final) Blend
$635k

Owner & transaction history

since 2026
6 recorded transactions
2026
$1.7M
2023
Price N/A
2023
Price N/A
2018
Price N/A
2008
Price N/A
2006
Price N/A

Zoning & alternative use

LBD · Ogunquit, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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