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Property profile & analytics
OFF-MARKET
Estimated value
$2,835,000
Commercial real estate
241 Nn St Houlton, ME 04730
Entity Owned
3-yr Hold
Property ID
US42-0293068
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
12,396 SF
Lot
8.4 ac (365,904 SF)
Zoning code
BB
APN
HOUL M:028 B:0 L:018
UPID
US42-0293068
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
-
Ivey's Motor Lodge Hotel & Motel
-
Ivey's Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.84M
Owner & transaction history
Broadway INC · 3 yrs held
Broadway INC
since 2023
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
BB · Houlton, ME
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 Houlton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houlton 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
$2,315,000
ML approach
$2,990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.84M
Range $2.55M – $3.12M · ±10% · vs last sale $3.02M (May 19 2023)
Last sale anchor
$3.02M
May 19 2023
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
$229 / 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
$62,797
Tax year 2023
Assessed value
$3,048,400
Assessed 2023
Previous assessed
$2,401,400
+26.9% YoY
Effective rate
2.06%
On assessed value
Assessed land
$344,700
Assessed improvement
$2,703,700
Applied tax rate
33,980.0000
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
Heating
NONE
Buildings
3
Total area
12,396 SF
Lot
8.4 ac (365,904 SF)
Zoning code
BB
APN
HOUL M:028 B:0 L:018
UPID
US42-0293068
Jurisdiction
HOULTON
Zoning & alternative use
BB · Houlton, MEZoning BB · permitted uses
BB · Houlton, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Ordinance 01 2022
Building & site characteristics
From public records
Heating
NONE
Buildings
3
Lot
8.4 ac
Current owner
From public records · entity-resolved
Broadway INC
Entity
Mailing address
241 NN ST, HOULTON, ME 04730
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2023
$3,015,000
Broadway INC
Richard A Kelley
Quit Claim Arm's Length For Ne States
$3,015,000 · Machias Savings Bank
Dec 1, 2009
—
Richard A Kelley
—
Deed Of Trust
related
$1,670,226 · Td Bank NA
Sep 11, 2006
—
Richard A Kelley
—
Deed Of Trust
related
$347,000 · Eastern Maine Development Corp
Apr 14, 2006
—
Richard A Kelley
—
Deed Of Trust
related
$337,662 · Td Bank NA
Mar 23, 2006
—
Richard A Kelley
—
Deed Of Trust
related
$482,375 · Td Bank NA
—
—
Richard A Kelley
—
Loan Modification
related
$1,670,225 · Td Bk NA
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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