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    424 Walnut Hill Rd North Yarmouth, ME 04097

    • Turn key restaurants
    • 3,860 SF
    • 0.52 lot acres
    For Sale
    View listing
    $1,450,000
    Value Estimation
    Location Intelligence
    Property ID
    US42-0193916
    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

    • Trudy Bird's Ølbar / Restaurant

    Property Details for 424 Walnut Hill Rd

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.52 lot acres
    Property size
    3,860 SF
    Property type
    Turn key restaurants
    APN
    NYAR M:007 L:029
    APU
    NYARM007L029

    Description

    This exceptional Class A mixed-use property, located at 424 Walnut Hill Road in North Yarmouth, Maine (04097), presents a compelling investment opportunity. The property encompasses two buildings on a 0.52-acre lot (APN: Map 007, Lot 029) and totals 6,832 square feet. The main building, a 4,624 square foot, two-story structure, houses a thriving 2,999 square foot restaurant on the ground floor and two apartments on the upper level. A second building, a barn and event center, offers 1,262 square feet of finished space on the first floor, plus an additional 946 square feet of unfinished attic space. The property boasts a strong tenancy history and is currently fully leased. Extensive renovations have been completed within the last three years (2021, 2022, and 2023), including comprehensive updates to the barn, restaurant, and both apartments. Further enhancing the property's value, a new shingle roof was installed on the main building in December 2023. This turnkey investment offers a blend of established commercial and residential income streams, situated in the desirable North Yarmouth market. The property's combination of updated facilities, strong rental income, and prime location makes it an attractive prospect for discerning investors seeking a high-return, low-maintenance asset. The asking price is $1,450,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $495,000
      6.5%
      $445,000
      7%
      $510,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $475,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $470,000
      Retail
      $445,000
      Mixed-Use
      $570,000
      Hospitality
      $550,000
      Educational
      $545,000
      Residential Income
      $545,000
      Energy
      $535,000
      Income-Based Land
      $415,000
      Food Service
      $510,000

    Location Insight

    • Map
    • Local Demand
    City
    North Yarmouth
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2477
    Latitude
    43.8264
    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
    $11,046
    $90,000
    $485,900
    $575,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      2,000 SF

      649 Sligo Rd

      DEPARTMENT STORE • 2,000 SF
      649 Sligo Rd, North Yarmouth, ME 04097-6204
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    • Value Estimation
      $350,000
      2,200 SF

      712 New Gloucester Rd

      AUTO REPAIR, GARAGE • 2,200 SF
      712 New Gloucester Rd, North Yarmouth, ME 04097-6741
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    • Value Estimation
      $370,000
      2,576 SF

      36 Walnut Hl Pkwy

      SHOW ROOM, WAREHOUSE • 2,576 SF
      36 Walnut Hl Pkwy, North Yarmouth, ME 04097-6347
      View Details
    • Value Estimation
      $320,000
      1,010 SF

      14 Walnut Hl Pkwy

      SHOW ROOM, WAREHOUSE • 1,010 SF
      14 Walnut Hl Pkwy, North Yarmouth, ME 04097
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    • Value Estimation
      $360,000
      1,848 SF

      408 Walnut Hl Rd

      DEPARTMENT STORE • 1,848 SF
      408 Walnut Hl Rd, North Yarmouth, ME 04097-6504
      View Details
    • Value Estimation
      $505,000
      20,544 SF

      160 Royal Rd

      SHOW ROOM, WAREHOUSE • 20,544 SF
      160 Royal Rd, North Yarmouth, ME 04097-6908
      View Details

    Similar Nearby for Sale

    • $1,450,000
      6,832 SF

      Prime North Yarmouth Mixed-Use

      Profitable multi-unit investment opportunity.
      424 Walnut Hill Rd, North Yarmouth, ME 04097
      View Details
    • $1,450,000
      6,832 SF

      Mixed-Use Property in North Yarmouth

      Fully leased mixed-use property with restaurant, apartments, and event space.
      424 Walnut Hill Rd, North Yarmouth, ME 04097
      View Details
    • New
      $259,000
      1.00 Acre

      North Yarmouth Buildable 1-Acre Lot

      One-acre lot in North Yarmouth with site improvements.
      Secretariat Dr, North Yarmouth, ME 04097
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    • New
      $244,000
      1.00 Acre

      North Yarmouth Buildable 1-Acre Lot

      Desirable 1-acre lot in North Yarmouth, Maine.
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    • New
      $229,000
      1.00 Acre

      North Yarmouth Buildable 1-Acre Lot

      One-acre lot in North Yarmouth with site improvements.
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      View Details
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    North Yarmouth, ME 04097
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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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