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Property profile & analytics
OFF-MARKET
Estimated value
$3,265,000
Commercial real estate
2 Cascade Rd Old Orchard Beach, ME 04064-1582
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0225713
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,549 SF
Lot
2.9 ac (126,324 SF)
Zoning code
GB-1
APN
OOBH M:205 B:15 L:1
UPID
US42-0225713
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
Current use
Occupant on record · Public records
-
Property Management Services of Maine, LLC Property Management Company
-
All About Time Computer & Electronic Repair
-
Cardtronics ATM Atm
-
Caskadia Charitable Organization Social Service Agency
-
Radley's Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.58M
CAP Approach
CAP
$3.36M
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$3.27M
Owner & transaction history
Jl Cascade LLC · 3 yrs held
Jl Cascade LLC
since 2023
Last sale
$3.9M
3 recorded transactions
Zoning & alternative use
GB-1 · Old Orchard Beach, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(a) The general business district 1 (GB-1) shall extend along Old Orchard Road, Ocean Park Road, Temple Avenue, and Saco Avenue from the Saco town line to E. Emerson Cummings Blvd./Union Avenue, the Portland Road from Imperial Street and Cascade Road, Cascade Road from Portland Avenue to Miles Avenue and shall extend to a lot line of any lot with direct fron…
Zone name
General Business 1 District
General category
MIXED_USE
Zone area
167.79 ac
Top alternative use upside
Retail stores
$4.9M
+0.2%
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 Old Orchard Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Orchard Beach 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
$2,470,000
ML approach
$2,580,000
CAP Approach
CAP Return
Estimation
6%
$3,635,000
6.5%
$3,355,000
7%
$3,115,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,865,000
Current use
RETAIL STORES
$4,875,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$3.27M
Range $2.94M – $3.59M · ±10% · vs last sale $3.85M (May 3 2023)
Last sale anchor
$3.85M
May 3 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
$186 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$40,659
Tax year 2023
Assessed value
$3,566,600
Assessed 2023
Previous assessed
$3,557,000
+0.3% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,146,400
Assessed improvement
$2,420,200
Applied tax rate
55,085.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
1
Bathrooms
3
Total area
17,549 SF
Lot
2.9 ac (126,324 SF)
Zoning code
GB-1
APN
OOBH M:205 B:15 L:1
UPID
US42-0225713
Jurisdiction
OLD ORCHARD BEACH
Zoning & alternative use
GB-1 · Old Orchard Beach, MEZoning GB-1 · permitted uses
GB-1 · Old Orchard Beach, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(a) The general business district 1 (GB-1) shall extend along Old Orchard Road, Ocean Park Road, Temple Avenue, and Saco Avenue from the Saco town line to E. Emerson Cummings Blvd./Union Avenue, the Portland Road from Imperial Street and Cascade Road, Cascade Road from Portland Avenue to Miles Avenue and shall extend to a lot line of any lot with direct frontage on any of the streets or roads mentioned in this subsection for a maximum depth of 400 linear feet from the street centerline. (b) The GB-1 district is intended to accommodate commercial activities that are inappropriate to the downtown due to the compact settlement pattern in the beachfront area. While the GB-1 district is slowly evolving into highway commercial area, district regulations establish site development standards that encourage expansion of commercial uses while preserving the existing building line and mixed use character of the area. General Business- 2 (GB-2)
Zone name
General Business 1 District
General category
MIXED_USE
Zone area
167.79 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.9M
RETAIL STORES
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Bathrooms
3
Lot
2.9 ac
Current owner
From public records · entity-resolved
Jl Cascade LLC
Entity
Mailing address
2 CASCADE RD, OLD ORCHARD BEACH, ME 04064-1582
Ownership since
2023
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
May 3, 2023
$3,850,000
Jl Cascade LLC
Prl Cascade LLC
Quit Claim Arm's Length For Ne States
$3,080,000 · Maine Community Bank
Jul 19, 2013
—
Prl Cascade LLC
—
Deed Of Trust
related
$1,250,000 · Saco & Biddeford Savings
May 2, 2013
—
Prl Cascade LLC
Radleys Cascade Plaza INC
Warranty Deed
related
—
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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