15-Unit
For Sale
$1,350,000
1262 Roosevelt Trail, Raymond, ME 04071
Motel property with deeded access to a nearby beach on Sebago Lake.
Property Size6,638 SF
Price / SF$203.37
Days on Market1211
Property Features for 1262 Roosevelt Trail
General Information
Standard status
Active
Size
6,638 SF
Property subtype
Commercial
Zoning
Comm & LRR2
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$7,674
Building Details
Building Size
6,638 SF
Year Built
1953
Stories
2
Listing Agency:
Allied Real Estate
Listed By:
Thomas Noonan Jr
(207) 892-2214
Source:
Amerorealty
Added: Jul 10, 2023
Changed: Oct 31
Last Checked: Oct 31 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Allied Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,638-square-foot motel was built in 1953 and is currently operated with extended-stay occupants. A 15th unit is in the process of being finished, adding to the property’s unit count when complete. The zoning is Comm & LRR2.
The property includes deeded access to a beach on Sebago Lake nearby.
The property includes deeded access to a beach on Sebago Lake nearby.
Key Highlights
- 6,638‑square‑foot motel built in 1953
- 15th unit is in the process of being finished
- Deeded access to a nearby beach on Sebago Lake
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,242
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,840
$964.8K
Cap Rate 7%
$689,171
$689.2K
Cap Rate 9%
$536,022
$536.0K
Market Conditions
NOI Build-Up for 6,638 SF
Gross rent
$119.5K $18.00/SF
− Vacancy
−$17.9K −$2.70/SF
EGI
$101.6K $15.30/SF
− OpEx
−$53.3K −$8.03/SF
NOI
$48.2K $7.27/SF
Area
Cumberland County, ME
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,840
Cap Rate 7%
$689,171
Cap Rate 9%
$536,022
Alternative Uses
Best Use
Hotel Hospitality
$689.2K
$603.0K – $804.0K
NOI $48,242 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,712 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04071, ME
4,915
Population
4,004
Households
1.2
Avg Household Size
49
Median Age
50%
College-Educated
100%
High-School Grad
37.0 sq mi
ZIP Area
133
Density / Sq Mi
$86,932
Median Household Income
$60,200
Median Earnings
$1,385
Median Rent
$368,300
Median Home Value
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Similar Off Market Nearby
- Wind in Pines — 36 Wind in Pines Road, Raymond, ME 04071
- White Pines Inn — 1262 Roosevelt Trail, Raymond, ME 04071
Frequently Asked Questions
What type of property is this?
Motel - Motel property with deeded access to a nearby beach on Sebago Lake.
Where is this motel located?
The property is located at 1262 Roosevelt Trail Raymond, ME.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 6,638‑square‑foot motel built in 1953; 15th unit is in the process of being finished; Deeded access to a nearby beach on Sebago Lake
