8 Traynor Street, Old Orchard Beach, ME 04064

Building Details

Building Size 11,604 SF More

Year Built 1958 More

Stories 2 More

Listing Agency: Kre Brokerage Group j***@kingrealesate.com Show Phone

Listed By: Danielle Lape Show Phone

Source: Integrityhomesrealestategroup

Added: Aug 23, 2023 Changed: Nov 11 Last Checked: Nov 11 at 2:09AM

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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 Kre Brokerage Group

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 11,604-square-foot motel contains 20 efficiency-style guest units, with a mix of single and double beds separated by privacy partitions in some rooms. A two-bedroom, one-bath owner’s residence includes a new kitchen. The property also has a full basement with laundry and a bathroom, plus decks serving every guest unit. Common areas provide seating, and an in-ground heated pool is on site.

Built in 1958, the motel is zoned BRD and licensed for operation throughout the year or on a seasonal basis. Some rooms have ocean views from their rear-facing areas.

Key Highlights

• 20 efficiency‑style guest units
• Two‑bedroom, one‑bath owner’s quarters with new kitchen
• Full basement with laundry and bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$140,553

Cap Rate

4.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,811,060 $2.8M

Cap Rate 7%

$2,007,900 $2.0M

Cap Rate 9%

$1,561,700 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,604 SF

Gross rent

$348.1K $30.00/SF

− Vacancy

−$52.2K −$4.50/SF

EGI

$295.9K $25.50/SF

− OpEx

−$155.3K −$13.39/SF

NOI

$140.6K $12.11/SF

Area

York County, ME

Vacancy

15.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,811,060

Cap Rate 7%

$2,007,900

Cap Rate 9%

$1,561,700

Alternative Uses

Best Use

Hotel Hospitality

$2.01M

$1.76M – $2.34M (±1% cap)

NOI $140,553 @ 7.0% cap · market cap 4.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.68M

$3.22M – $4.29M (±1% cap)

NOI $257,489 @ 7.0% cap · market cap 9.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Echo Motel & Oceanfront ... Hotel & Motel

Suggested Use

Top Pick Law Firm Hair Salon Auto Repair Shop Electrical Service Spa & Massage Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

417

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 04064, ME

8,452

Population

6,783

Households

1.2

Avg Household Size

53

Median Age

40%

College-Educated

96%

High-School Grad

6.7 sq mi

ZIP Area

1,261

Density / Sq Mi

$66,689

Median Household Income

$42,532

Median Earnings

$1,142

Median Rent

$312,700

Median Home Value

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Similar Off Market Nearby

• Seagrass Inn — 50 W Grand Ave, Old Orchard Beach, ME 04064
• On The Beach Motel — 61 W Grand Ave, Old Orchard Beach, ME 04064
• Sands Townhouses — 64 W Grand Ave, Old Orchard Beach, ME 04064
• The Edgewater — 57 W Grand Ave, Old Orchard Beach, ME 04064
• The Brunswick — 39 W Grand Ave, Old Orchard Beach, ME 04064

Frequently Asked Questions

What type of property is this?

Motel - Twenty efficiency units, owner quarters, and shared guest amenities support year-round or seasonal operation.

Where is this motel located?

The property is located at 8 Traynor Street Old Orchard Beach, ME.

What is the asking price?

The asking price for this property is $2,850,000.

What are key features of this property?

This property features: 20 efficiency‑style guest units; Two‑bedroom, one‑bath owner’s quarters with new kitchen; Full basement with laundry and bathroom