Property profile

106 Grand Ave Scarborough, ME 04074

OFF-MARKET
Motels
Property ID
US42-0327974
10,674 SF 0.54 ac lot Built 1940
Individually Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1940
Total area 10,674 SF
Lot 0.54 ac (23,522 SF)
Zoning code 15
APN SCAR M:U023 L:078
UPID US42-0327974

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Bed & Breakfast

Location

106 Grand Ave Scarborough, ME 04074-8874
Scarborough metro Census 17307 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$680k
CAP Approach CAP
by Request
Comparable Approach Comparable
$479k
Blend (final) Blend
$580k

Owner & transaction history

since 2008
2 recorded transactions
2008
Price N/A
2006
Price N/A

Zoning & alternative use

15 · Scarborough, ME
Top alternative use upside
Apartment house (5+ units) $845,000 +133.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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