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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Investment properties
20 Washington Ave Old Orchard Beach, ME 04064-2171
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US42-0040297
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Construction
FRAME
Total area
3,888 SF
Lot
0.08 ac (3,480 SF)
Zoning code
NC-3
APN
OOBH M:308 B:3 L:11
UPID
US42-0040297
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
$545k
CAP Approach
CAP
$745k
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$630k
Owner & transaction history
Strong Island LLC · 1 yrs held
Strong Island LLC
since 2025
Last sale
$690,000
4 recorded transactions
Zoning & alternative use
NC-3 · Old Orchard Beach, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$625,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$745,000
7%
$690,000
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $690k (Feb 14 2025)
Last sale anchor
$690k
Feb 14 2025
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
$162 / 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
$3,113
Tax year 2023
Assessed value
$273,100
Assessed 2023
Previous assessed
$266,500
+2.5% YoY
Effective rate
1.14%
On assessed value
Assessed land
$72,500
Assessed improvement
$200,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1925
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
3
Bathrooms
2
Total area
3,888 SF
Lot
0.08 ac (3,480 SF)
Zoning code
NC-3
APN
OOBH M:308 B:3 L:11
UPID
US42-0040297
Jurisdiction
OLD ORCHARD BEACH
Zoning & alternative use
NC-3 · Old Orchard Beach, ME
Zoning NC-3 · permitted uses
NC-3 · Old Orchard Beach, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Old Orchard Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
3
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Strong Island LLC
Entity
Mailing address
21 TOWN WAY, WINCHESTER, MA 01890-4044
Ownership since
2025
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
Feb 14, 2025
$690,000
Strong Island LLC
Dec Investments LLC
Warranty Deed
$517,500 · Bangor Savings Bank
Jun 11, 2019
—
Dec Investments LLC
—
Deed
related
$246,000 · Bangor Savings Bank
Apr 30, 2018
—
Dec Investments LLC
Letowt Ricki Trust
Warranty Deed
$600,000 · Letowt Ricki Trust (pt)
Dec 1, 2009
—
Ricki Letowt
—
Deed Of Trust
related
$125,000 · Saco & Biddeford Savings
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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