Property profile

1200-1204 Portland Rd Arundel, ME 04046

OFF-MARKET
Other investment properties
Property ID
US42-0238154
9,938 SF 2 ac lot Built 1800
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

The property is located in Arundel, Maine, on a 2.0± acre corner lot with more than 500 feet of frontage along Route One. It consists of a 9,938-square-foot building historically operated as a restaurant and was renovated in 2019; it includes interior restaurant space as well as a dedicated outdoor seating area. In addition to the restaurant, the building contains two residential apartments. The site is positioned along a major roadway with an established pattern of high daily traffic, and it is near commercial amenities including regional retail and food service businesses.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1800
Construction FRAME
Total area 9,938 SF
Lot 2 ac (87,120 SF)
APN ARUN M:035 L:032
UPID US42-0238154

Cap rate & NOI

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

Location

1200-1204 Portland Rd Arundel, ME 04046
Arundel metro Census 26000 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.01M
Blend (final) Blend
$1.28M

Owner & transaction history

since 2018
7 recorded transactions
2020
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2013
Price N/A
2011
Price N/A

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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