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Property profile & analytics
OFF-MARKET
Retail space
287 Ocean House Rd Cape Elizabeth, ME 04107-2021
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0176904
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Total area
1,980 SF
Lot
0.91 ac (39,640 SF)
Zoning code
TC
APN
CAPE U22076000000
UPID
US42-0176904
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
287 Route 77 LLC · 10 yrs held
287 Route 77 LLC
since 2016
6 recorded transactions
Zoning & alternative use
TC · Cape Elizabeth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to encourage an identifiable Town Center that includes a village feeling, mixed retail and residential uses to serve residents, an environment inviting to pedestrians, a common meeting place, visual cohesiveness and enrichment and linkages to the Town open space and nearby school campus
Zone name
Town Center District
General category
CIVIC_INSTITUTIONAL
Zone area
109.24 ac
Source
Realmo
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 Cape Elizabeth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape Elizabeth 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
$12,113
Tax year 2023
Assessed value
$542,200
Assessed 2023
Previous assessed
$542,200
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$327,600
Assessed improvement
$214,600
Applied tax rate
10,180.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
1,980 SF
Lot
0.91 ac (39,640 SF)
Zoning code
TC
APN
CAPE U22076000000
UPID
US42-0176904
Jurisdiction
CAPE ELIZABETH
Zoning & alternative use
TC · Cape Elizabeth, MEZoning TC · permitted uses
TC · Cape Elizabeth, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to encourage an identifiable Town Center that includes a village feeling, mixed retail and residential uses to serve residents, an environment inviting to pedestrians, a common meeting place, visual cohesiveness and enrichment and linkages to the Town open space and nearby school campus
Zone name
Town Center District
General category
CIVIC_INSTITUTIONAL
Zone area
109.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
287 Route 77 LLC
Entity
Mailing address
21 BROOKSIDE AVE, SOUTH PORTLAND, ME 04106-5010
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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 6, 2022
—
Yam Yams LLC
—
Deed
related
$164,800 · Coastal Enterprises INC
Feb 7, 2022
—
Yam Yams LLC
—
Deed
related
$50,000 · Biddeford Savings Bank
Oct 14, 2020
—
Yam Yams LLC
—
Deed
related
$47,646 · Biddeford Savings Bank
Dec 11, 2019
—
Yam Yams LLC
—
Deed
related
$200,000 · Biddeford Svgs Bk
Mar 9, 2016
—
287 Route 77 LLC
Cumberland Farms INC
Grant Deed
$220,000 · Keybank USA
—
—
Yam Yams LLC
—
Deed Of Trust
related
$200,000 · Biddeford Svgs Bk
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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