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Property profile & analytics
OFF-MARKET
Turn key restaurants
2 Bowery Bch Rd Cape Elizabeth, ME 04107
Individually Owned
8-yr Hold
Free & Clear
Property ID
US42-0157372
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
CONCRETE
Total area
1,232 SF
Lot
0.12 ac (5,227 SF)
Zoning code
RA
APN
CAPE U16037000000
UPID
US42-0157372
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Two Bowery Beachllc · 8 yrs held
Two Bowery Beachllc
since 2018
3 recorded transactions
Zoning & alternative use
RA · Cape Elizabeth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to allow residential development that is compatible with the character, scenic value, and traditional uses of rural lands and that does not impose an undue burden on the provision of municipal services
Zone name
Residence A District
General category
RESIDENTIAL
Zone area
4,809.11 ac
Source
Realmo
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 Cape Elizabeth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape Elizabeth 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,560
Tax year 2023
Assessed value
$607,000
Assessed 2023
Previous assessed
$607,000
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$498,200
Assessed improvement
$108,800
Applied tax rate
10,180.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
BASEBOARD
Stories
1
Total area
1,232 SF
Lot
0.12 ac (5,227 SF)
Zoning code
RA
APN
CAPE U16037000000
UPID
US42-0157372
Jurisdiction
CAPE ELIZABETH
Zoning & alternative use
RA · Cape Elizabeth, MEZoning RA · permitted uses
RA · Cape Elizabeth, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to allow residential development that is compatible with the character, scenic value, and traditional uses of rural lands and that does not impose an undue burden on the provision of municipal services
Zone name
Residence A District
General category
RESIDENTIAL
Zone area
4,809.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE
Heating
BASEBOARD
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Two Bowery Beachllc
Individual
Free & Clear · 8 yrs held
Mailing address
29 OLDE COLONY LN, CAPE ELIZABETH, ME 04107-2105
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2018
—
Two Bowery Beachllc
Kettle Cove Holdings LLC
Warranty Deed
related
—
Mar 15, 2018
—
2 Bowery Beach LLC
Kettle Cove Holdings LLC
Intrafamily Transfer
related
$258,000 · Biddeford Savings Bk
Jun 10, 2005
—
Kettle Cv Holdings LLC
Cook,patricia A
Warranty Deed
related
$1 · Patricia A Cook
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.
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