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Property profile

12 Heath St Old Orchard Beach, ME 04064

OFF-MARKET
Commercial real estate
Property ID
US42-0109854
View Sample
4,619 SF 0.7 ac lot Built 1950
Entity Owned 9-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction FRAME
Total area 4,619 SF
Lot 0.7 ac (30,425 SF)
Zoning code DD-2
APN OOBH M:206 B:27 L:14
UPID US42-0109854

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
  • Hotel & Motel

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$885k
Comparable Approach Comparable
$578k
Blend (final) Blend
$740k

Owner & transaction history

since 2017
4 recorded transactions
2018
Price N/A
2017
Price N/A
2014
Price N/A
2006
Price N/A

Zoning & alternative use

DD-2 · Old Orchard Beach, ME
Zoning description

Downtown District-2 (DD-2) Sec. 78-746. - Purpose. The downtown district 2 (DD-2) represents a natural expansion of the DD-1 district into adjacent underutilized parcels for the purpose of increasing the critical mass of…

General category COMMERCIAL

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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