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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Hotels
229 Nubble Rd York, ME 03909-6868
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US42-0067124
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1993
Construction
FRAME
Total area
9,214 SF
Lot
2.15 ac (93,654 SF)
Zoning code
R5
APN
YORK M:0025 B:0193-A
UPID
US42-0067124
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
-
The Viewpoint Hotel Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
a little auk Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$1.17M
Owner & transaction history
229 Nubble Road LLC · 9 yrs held
229 Nubble Road LLC
since 2017
7 recorded transactions
Zoning & alternative use
R5 · York, 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 York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs York 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
by Request
ML approach
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10%
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
$127 / 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
$29,779
Tax year 2023
Assessed value
$3,524,200
Assessed 2023
Previous assessed
$3,361,800
+4.8% YoY
Effective rate
0.84%
On assessed value
Assessed land
$2,580,000
Assessed improvement
$944,200
Applied tax rate
87,985.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
9
Bathrooms
13
Total area
9,214 SF
Lot
2.15 ac (93,654 SF)
Zoning code
R5
APN
YORK M:0025 B:0193-A
UPID
US42-0067124
Jurisdiction
YORK
Zoning & alternative use
R5 · York, ME
Zoning R5 · permitted uses
R5 · York, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
9
Bathrooms
13
Lot
2.15 ac
Current owner
From public records · entity-resolved
229 Nubble Road LLC
Entity
Mailing address
PO BOX 700, YORK BEACH, ME 03910-0700
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
—
229 Nubble Road LLC
—
Deed
related
$7,850,000 · Kennebunk Savings Bank
Apr 6, 2022
—
229 Nubble Road LLC
—
Deed
related
$4,500,000 · Kennebunk Savings Bank
Aug 22, 2019
—
229 Nubble Road LLC
—
Deed
related
$5,514,700 · Kennebunk Savings Bank
Mar 12, 2018
—
229 Nubble Road LLC
—
Deed
related
$577,000 · Kennebunk Svgs Bank
Jun 2, 2017
—
229 Nubble Road LLC
Mcgrath Realty Trust
Grant Deed
related
$500,000 · Diane S & Michael E Mcgrath
Jan 13, 2017
—
229 Nubble Road LLC
Mcgrath Realty Trust
Quit Claim Deed
related
—
—
—
229 Nubble Road LLC
—
Loan Modification
related
$500,000 · Diane S & Michael E Mcgrath
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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