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    Property profile & analytics

    316 Ocean House Rd Cape Elizabeth, ME 04107

    • Commercial real estate
    • 15,000 SF
    • 0.88 lot acres
    For Sale
    View listing
    $1,350,000
    Value Estimation
    Location Intelligence
    Property ID
    US42-0763817
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 316 Ocean House Rd

    Lot size
    0.88 lot acres
    Property size
    15,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.88-acre commercial development lot, located at 316 Ocean House Road in Cape Elizabeth, Maine (zip code 04107), presents a unique investment opportunity. Previously approved for a 15,000 square foot mixed-use building, this property offers significant potential for a variety of commercial ventures. The approved plans encompass retail, office, and residential spaces, catering to a diverse range of businesses and residents. Situated in the heart of Cape Elizabeth, this lot boasts an enviable town center location with high visibility and accessibility. With 215 feet of road frontage on Ocean House Road, the property ensures excellent exposure for any development. The asking price for this remarkable opportunity is $1,100,000. The property's prime location and pre-approved plans significantly reduce development hurdles, making it an attractive investment for developers seeking a quick path to market. This is a rare chance to acquire a substantial commercial lot in a thriving Maine coastal community. Don't miss this chance to capitalize on the potential of this exceptional property. All information is deemed reliable but not guaranteed.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cape Elizabeth
    County
    Cumberland
    State
    Maine
    Longitude
    -70.227221
    Latitude
    43.595643
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    316 Ocean House Rd
    Cape Elizabeth, ME 04107
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    Realmo Value Estimation

    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.

    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.

    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
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