Property profile

208 New Rd Arundel, ME 04046

OFF-MARKET
Other retail properties
Property ID
US42-0807403
1,617 SF 1.23 ac lot Built 1988
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a mixed residential and commercial use site zoned for residential/commercial activities in Arundel and situated in a high-traffic, accessible area with parking on-site. It encompasses an approximately 1,857-square-foot building and sits on a 1.23-acre lot. The property includes a business-level space and, above it, a 2-bedroom, 1-bath living area featuring a woodstove and a private outdoor seating area. Exterior and auxiliary structures include an attached 2-car garage, a shed, and a large 24-by-36 metal garage suitable for storage. Location-wise, it is approximately 5 minutes from I-95 and about 20 minutes from Portland. The lot presents the potential to add an ADU, depending on applicable regulations.

Property profile

Verified
Property type Other retail properties
Use group DEPARTMENT STORE
Year built 1988
Construction FRAME
Total area 1,617 SF
Lot 1.23 ac (53,579 SF)
APN ARUN M:004 L:015A-1
UPID US42-0807403

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
  • Take-out & Catering Butcher
  • Take-out & Catering Butcher

Location

208 New Rd Arundel, ME 04046-8767
Arundel metro Census 26000 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2022
Last sale
$224,253
1 recorded transaction
2022
$224,253

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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