Property profile

2 Portland Ave Old Orchard Beach, ME 04064

OFF-MARKET
Banks
Property ID
US42-0451647
5,950 SF 0.79 ac lot Built 1951
Individually Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1951
Construction STEEL FRAME
Total area 5,950 SF
Lot 0.79 ac (34,500 SF)
Zoning code DD-1
APN OOBH M:205 B:1 L:21
UPID US42-0451647

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
  • Bank Loan Service
  • Grocery & Convenience Store

Location

2 Portland Ave Old Orchard Beach, ME 04064-2278
Old Orchard Beach metro Census 6106 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
$752k
Blend (final) Blend
$555k

Owner & transaction history

since 2011
1 recorded transaction
2011
Price N/A

Zoning & alternative use

DD-1 · Old Orchard Beach, ME
Zoning description

Downtown District-1 (DD-1) Sec. 78-716. - Purpose. The purpose of the downtown district 1 (DD-1) is to maintain the historical downtown area as the town’s principal commercial, service, and entertainment center for yearr…

General category MIXED_USE

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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