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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Motels
1385 Us Rte 202 Winthrop, ME 04364-3811
Entity Owned
~
Est. High Equity
Property ID
US42-0231581
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,957 SF
Lot
5.77 ac (251,341 SF)
Zoning code
GC
APN
WINP M:020 L:029
UPID
US42-0231581
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$825k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$825k
Owner & transaction history
36 Doors LLC
36 Doors LLC
since 2025
Last sale
$825,000
2 recorded transactions
Zoning & alternative use
GC · Winthrop, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Winthrop submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winthrop submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue 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
Change: 0% · Conversion: Difficult
RESTAURANT
$625,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$525,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$500,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $825k (Apr 27 2023)
Last sale anchor
$825k
Apr 27 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$138 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,616
Tax year 2022
Assessed value
$303,900
Assessed 2022
Previous assessed
$303,900
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$107,500
Assessed improvement
$196,400
Applied tax rate
86,970.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
1
Units
19
Rooms
25
Bathrooms
19
Total area
5,957 SF
Lot
5.77 ac (251,341 SF)
Zoning code
GC
APN
WINP M:020 L:029
UPID
US42-0231581
Jurisdiction
WINTHROP
Zoning & alternative use
GC · Winthrop, ME
Zoning GC · permitted uses
GC · Winthrop, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Winthrop. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$630,000
RESTAURANT
Est. value
$625,000
RETAIL STORES
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$500,000
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Buildings
1
Units
19
Rooms
25
Bathrooms
19
Lot
5.77 ac
Current owner
From public records · entity-resolved
36 Doors LLC
Entity
Mailing address
1385 US RTE 202, WINTHROP, ME 04364-3811
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2025
$950,000
36 Doors LLC
Winthrop Ventures LLC
Warranty Deed
$760,000 · Bangor Savings Bank
Apr 27, 2023
$825,000
Winthrop Ventures LLC
Sa & NA LLC
Quit Claim Arm's Length For Ne States
$660,000 · Maine Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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