Property profile

2 Brown St Old Orchard Beach, ME 04064

OFF-MARKET
Commercial real estate
Property ID
US42-0907836
1,728 SF 0.3 ac lot Built 1976
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1976
Construction FRAME
Total area 1,728 SF
Lot 0.3 ac (13,022 SF)
Zoning code DD-2
APN OOBH M:305 B:1 L:1
UPID US42-0907836

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

Location

2 Brown St Old Orchard Beach, ME 04064-2807
Old Orchard Beach metro Census 6105 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
2006
Price N/A
2005
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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