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    Property profile & analytics

    1298 Alfred Rd Arundel, ME 04046

    • Banks
    • 3,282 SF
    • 2.60 lot acres
    For Sale
    View listing
    $450,000
    Value Estimation
    Last Sale
    Apr 17, 2025
    $460,000
    Location Intelligence
    Property ID
    US42-0519053
    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

    • Banks

    Property Details for 1298 Alfred Rd

    Year built
    1994
    Construction
    FRAME
    Lot size
    2.60 lot acres
    Property size
    3,282 SF
    Property type
    Banks
    APN
    ARUN M:020 L:006
    APU
    ARUNM020L006

    Description

    This exceptional commercial property, located at 1298 Alfred Road in Arundel, Maine, presents a unique investment opportunity. The building offers 3,282 square feet of versatile space, ideal for a variety of office or retail uses. Its flexible layout allows for customization to suit diverse business needs. The property sits on a generous 2.6-acre lot, providing ample space for expansion, parking, or outdoor activities. A significant advantage is the inclusion of a stand-alone ATM, currently generating over 1,500 transactions monthly. The seller is offering a 5-year leaseback on this ATM, providing immediate and consistent rental income. This leaseback arrangement offers a secure return on investment while allowing the buyer time to develop their own business within the property. The property's location in Arundel offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving community. The asking price for this exceptional commercial property is $450,000. Detailed financial information regarding the ATM leaseback is available upon request. This is a rare opportunity to acquire a well-situated commercial property with a built-in income stream. Don't miss out on this chance to own a piece of Arundel's commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $415,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $520,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $540,000
      Geo Method
      $560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $430,000
      Mixed-Use
      $500,000
      Hospitality
      $430,000
      Educational
      $525,000
      Residential Income
      $515,000
      Energy
      $430,000
      Income-Based Land
      $405,000
      Food Service
      $545,000

    Location Insight

    • Map
    • Local Demand
    City
    Arundel
    County
    York
    State
    Maine
    Longitude
    -70.5856
    Latitude
    43.4791
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,293
    $77,300
    $410,500
    $487,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      2,228 SF

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    • Value Estimation
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      4,416 SF

      19 Coopers Trl

      SHOW ROOM, WAREHOUSE • 4,416 SF
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    • Value Estimation
      $370,000
      5,000 SF

      9 Heavy Hammer Ln

      SHOW ROOM, WAREHOUSE • 5,000 SF
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    • Value Estimation
      $355,000
      4,308 SF

      21 Dmr Rd

      SHOW ROOM, WAREHOUSE • 4,308 SF
      21 Dmr Rd, Arundel, ME 04046
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    • Value Estimation
      $330,000
      2,400 SF

      23 Enterprise Dr

      SHOW ROOM, WAREHOUSE • 2,400 SF
      23 Enterprise Dr, Kennebunkport, ME 04046
      View Details
    • Value Estimation
      $345,000
      4,251 SF

      2581 Portland Rd

      SHOW ROOM, WAREHOUSE • 4,251 SF
      2581 Portland Rd, Arundel, ME 04046-7949
      View Details

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    • $450,000
      3,282 SF

      Arundel Commercial Space For Sale

      Prime Arundel location, 3,282 sq ft, 2.6 acres.
      1298 Alfred Rd, Arundel, ME 04046
      View Details
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    1298 Alfred Rd
    Arundel, ME 04046
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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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