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Property profile & analytics
OFF-MARKET
Commercial real estate
208 Ocean Ave Kennebunkport, ME 04046-6307
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US42-0544478
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1895
Lot
0.97 ac (42,178 SF)
Zoning code
CA
APN
KENP M:7 B:12 L:4
UPID
US42-0544478
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
-
Blowing Cave Park Resort
-
Ocean Restaurant Restaurant
-
Cape Arundel Inn & Resort Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cai Props LLC · 13 yrs held
Cai Props LLC
since 2013
7 recorded transactions
Zoning & alternative use
CA · Kennebunkport, 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 Kennebunkport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennebunkport 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$17,484
Tax year 2023
Assessed value
$2,797,500
Assessed 2023
Previous assessed
$2,796,800
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$1,613,700
Assessed improvement
$1,183,800
Applied tax rate
36,745.0000
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
1895
Heating
NONE
Buildings
3
Units
1
Lot
0.97 ac (42,178 SF)
Zoning code
CA
APN
KENP M:7 B:12 L:4
UPID
US42-0544478
Jurisdiction
KENNEBUNKPORT
Zoning & alternative use
CA · Kennebunkport, ME
Zoning CA · permitted uses
CA · Kennebunkport, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kennebunkport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1895
Heating
NONE
Buildings
3
Units
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
Cai Props LLC
Entity
Mailing address
2 LIVEWELL DR STE #203, KENNEBUNK, ME 04043-6763
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2026
—
Boathouse At Kennebunkpor
—
Deed
related
$86,500,000 · Jpmorgan Chase Bank NA
Feb 13, 2020
—
Cape Arundel Inn LLC
—
Deed
related
$22,533,000 · Camden National Bank
Dec 21, 2018
—
Cape Arundel Inn LLC
—
Deed
related
$1,500,000 · Camden National Bank
Dec 28, 2017
—
Cai Properties LLC
—
Deed
related
$7,235,341 · Bank Of Maine
Oct 19, 2017
—
Cai Properties LLC
—
Deed
related
$8,750,000 · Camden National Bank
Mar 29, 2013
—
Cai Props LLC
Kpt Ventures LLC
Warranty Deed
related
$7,900,000 · Savings Bank Of Maine
Jan 3, 2011
—
Kpt Ventures LLC
Nahil,john G
Warranty Deed
related
—
May 19, 2006
—
John G Nahil
—
Deed Of Trust
related
$200,000 · Ocean National Bank
—
—
Cai Properties LLC
—
Loan Modification
related
$7,235,341 · Bank Of Maine
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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