Entity Owned Property summary
This exceptional value-add opportunity presents a 21-unit property in the vibrant coastal town of Rockport, Maine, boasting a compelling 9.61% cap rate. The property, located at 242 Commercial Street, comprises a 20-unit motel and a single apartment, totaling 8,264 square feet on a 3.26-acre lot. Built in 1970 and renovated in 2020, the property currently enjoys 100% occupancy, generating a net operating income (NOI) of $201,746. The asking price is $2,100,000. Situated minutes from the… popular tourist destination of Camden, Maine, this property benefits from its proximity to numerous restaurants and shops, catering to a thriving summer community. The property's zoning (MBR) allows for flexibility in its operation, presenting the potential for continued use as a motel or conversion to short-term rentals via platforms like Airbnb, offering significant upside potential. This turnkey investment is an ideal opportunity for those seeking a high-return property in a desirable coastal location. The property features 21 keys and is situated in Knox County, Maine, zip code 04856. This is a single-building property with significant potential for growth and profitability.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 8,264 SF
- Lot area
- 3.26 ac
- Year built
- 1970
- Stories
- 2
- APN
- ROCT M:027 B:159
- Assessed value · 2022
- $560,400
- Annual tax · 2022
- $8,658
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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