Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1385 Us Rte 202 Winthrop, ME 04364-3811

    • Motels
    • 5,957 SF
    • 5.77 lot acres
    OFF-MARKET
    Last Sale
    Apr 27, 2023
    $825,000
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    5%
    Motels
    Location Intelligence
    Property ID
    US42-0231581
    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

    • Motels

    Property Details for 1385 Us Rte 202

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.77 lot acres
    Property size
    5,957 SF
    Zone code
    GC
    Property type
    Motels
    APN
    WINP M:020 L:029
    APU
    WINPM020L029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $725,000
      ML approach
      $825,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $600,000
      6.5%
      $555,000
      7%
      $515,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $630,000
      RESTAURANT
      $625,000
      RETAIL STORES
      $525,000
      AUTO REPAIR, GARAGE
      $500,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop
    County
    Kennebec
    State
    Maine
    Longitude
    -69.9874
    Latitude
    44.294
    CBSA code
    12300
    CBSA name
    AUGUSTA-WATERVILLE, ME MICROPOLITAN 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
    2022
    $6,616
    $107,500
    $196,400
    $303,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6.58 Acres

      193 Tallwood Rd

      MOTEL • 6.58 Acres
      193 Tallwood Rd, Winthrop, ME 04364-3257
      View Details
    • Value Estimation by Request
      0.68 Acres

      87 Turtle Run Rd

      MOTEL • 0.68 Acres
      87 Turtle Run Rd, Winthrop, ME 04364
      View Details
    • Value Estimation by Request
      0.75 Acres

      77 Turtle Run Rd

      MOTEL • 0.75 Acres
      77 Turtle Run Rd, Winthrop, ME 04364-3004
      View Details
    • Value Estimation by Request
      5,970 SF

      7 Carlton Pond Rd

      MOTEL • 5,970 SF
      7 Carlton Pond Rd, Winthrop, ME 04364-3106
      View Details
    • Value Estimation by Request
      111.54 Acres

      48 Lady Slipper Ln

      CAMPGROUND, RV PARK • 111.54 Acres
      48 Lady Slipper Ln, Winthrop, ME 04364-3583
      View Details
    • Value Estimation by Request
      2,788 SF

      183 Holmes Brk Ln

      CAMPGROUND, RV PARK • 2,788 SF
      183 Holmes Brk Ln, Winthrop, ME 04364
      View Details

    Similar Nearby for Sale

    • New
      $995,000
      6,493 SF

      Winthrop Estate with Lake Access

      Luxury estate on 20 acres with lake access.
      170 Annabessacook Rd, Winthrop, ME 04364
      View Details
    • $1,675,000
      8,784 SF

      Automotive Business and Real Estate

      Turnkey opportunity with real estate and established automotive businesses.
      1235 Us Route 202, Winthrop, ME 04364
      View Details
    • New
      $350,000
      1,692 SF

      Winthrop Duplex on Five Acres

      Charming farmhouse duplex on 5 acres near Maranacook Lake.
      60 Route 41, Winthrop, ME 04364
      View Details
    • New
      $1,140,000
      13,718 SF

      Winthrop Multi-Use Redevelopment Opportunity

      Large multi-use building on 5.3 acres with expansion opportunities.
      457 Old Lewiston Rd, Winthrop, ME 04364
      View Details
    • $310,000
      3,470 SF

      Winthrop Commercial Building - Huge Potential

      Mixed-use building, 3,470 sq ft, high traffic location.
      74 Route 133, Winthrop, ME 04364
      View Details
    • $212,000
      12.28 Acres

      Waterfront Land on Cobbossee Lake

      12.28 acres of wooded land with 1,315 feet of waterfront.
      M3 Winthrop Center Rd, Winthrop, ME 04364
      View Details

    Similar Nearby for Lease

    • $625,000
      750 SF

      Winthrop Office Space For Lease

      Office space available on Main Street in Winthrop, Maine.
      161 Main St, Winthrop, ME 04364
      View Details
    • $9 SF/Yr
      130,000 SF

      Winthrop Industrial/Office Space

      130,000 SF Flex Space Available
      1705 Us-202, Winthrop, ME 04364
      View Details
    • $9 SF/Yr
      21,500 SF

      Winthrop Industrial/Office Space For Lease

      Industrial/office building with flexible floor plans and robust infrastructure.
      1705 Us Route 202, Winthrop, ME 04364
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1385 Us Rte 202
    Winthrop, ME 04364-3811
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.