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Property profile & analytics
OFF-MARKET
Estimated value
$2,640,000
Commercial real estate
2 Temple Ave Old Orchard Beach, ME 04064
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0314827
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1881
Construction
FRAME
Total area
5,351 SF
Lot
0.2 ac (8,811 SF)
Zoning code
NC-1
APN
OOBH M:324 B:16 L:7
UPID
US42-0314827
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
$3.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$2.64M
Owner & transaction history
Billow House 2 LLC · 2 yrs held
Billow House 2 LLC
since 2024
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
NC-1 · Old Orchard Beach, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Neighborhood Commercial Districts 1, 2, 3, 4 (NC-1, NC-2, NC-3, NC-4) Sec. 78-866. - Purpose. The purpose of the neighborhood commercial district (NCD) is to provide for the continuation and/or establishment of businesses and services, which support and complement the character of surrounding residential neighborhoods. Planned Mixed Use District (PMUD)
Zone name
Neighborhood Commercial 1 District
General category
COMMERCIAL
Zone area
4.61 ac
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
$3,215,000
ML approach
$3,140,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.64M
Range $2.38M – $2.90M · ±10% · vs last sale $2.52M (Apr 1 2024)
Last sale anchor
$2.52M
Apr 1 2024
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
$493 / 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
$20,929
Tax year 2023
Assessed value
$1,835,900
Assessed 2023
Previous assessed
$1,586,100
+15.7% YoY
Effective rate
1.14%
On assessed value
Assessed land
$912,000
Assessed improvement
$923,900
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
1881
Construction
FRAME
Heating
HOT WATER
Buildings
2
Stories
4
Units
8
Rooms
11
Bathrooms
5
Total area
5,351 SF
Lot
0.2 ac (8,811 SF)
Zoning code
NC-1
APN
OOBH M:324 B:16 L:7
UPID
US42-0314827
Jurisdiction
OLD ORCHARD BEACH
Zoning & alternative use
NC-1 · Old Orchard Beach, MEZoning NC-1 · permitted uses
NC-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
Neighborhood Commercial Districts 1, 2, 3, 4 (NC-1, NC-2, NC-3, NC-4) Sec. 78-866. - Purpose. The purpose of the neighborhood commercial district (NCD) is to provide for the continuation and/or establishment of businesses and services, which support and complement the character of surrounding residential neighborhoods. Planned Mixed Use District (PMUD)
Zone name
Neighborhood Commercial 1 District
General category
COMMERCIAL
Zone area
4.61 ac
Building & site characteristics
From public records
Year built
1881
Construction
FRAME
Heating
HOT WATER
Stories
4
Buildings
2
Units
8
Rooms
11
Bathrooms
5
Lot
0.2 ac
Current owner
From public records · entity-resolved
Billow House 2 LLC
Entity
Mailing address
2 PO BOX 7543RD AVE, OCEAN PARK, ME 04063-7543
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2024
$2,520,000
Billow House 2 LLC
Billow House LLC
Quit Claim Arm's Length For Ne States
$2,400,000 · Saco & Biddeford Savings
Apr 6, 2022
—
Janet Anderson 2002 T
Billow House LLC
Quit Claim Deed
related
—
May 18, 2016
—
Atlantic View Properties LLC
Rogers,mary A & James B
Quit Claim Deed
related
$82,000 · Saco & Biddeford Svgs Inst
Jan 9, 2012
—
Billow House LLC
Billow House RT
Grant 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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