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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Gas stations
298 Ocean House Rd Cape Elizabeth, ME 04107-2014
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0129511
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1965
Total area
3,400 SF
Lot
0.61 ac (26,572 SF)
Zoning code
TC
APN
CAPE U22078000000
UPID
US42-0129511
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
$3.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.42M
Owner & transaction history
Obsidian Ml 7 LLC · 3 yrs held
Obsidian Ml 7 LLC
since 2023
Last sale
$3.4M
7 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
Method
Estimation
Statistic approach
$3,335,000
ML approach
$3,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.42M
Range $3.08M – $3.76M · ±10% · vs last sale $3.44M (May 24 2023)
Last sale anchor
$3.44M
May 24 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
$1,006 / 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
$20,524
Tax year 2023
Assessed value
$918,700
Assessed 2023
Previous assessed
$918,700
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$317,700
Assessed improvement
$601,000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
3,400 SF
Lot
0.61 ac (26,572 SF)
Zoning code
TC
APN
CAPE U22078000000
UPID
US42-0129511
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
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Obsidian Ml 7 LLC
Entity
Mailing address
298 OCEAN HOUSE RD, CAPE ELIZABETH, ME 04107-2014
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2023
$3,436,392
Obsidian Ml 7 LLC
Cfi Propco 2 LLC
Quit Claim Arm's Length For Ne States
—
Apr 30, 2020
—
Cfi Propco 2 LLC
Cumberland Farms INC
Warranty Deed
related
—
Nov 5, 2013
—
Cumberland Farms INC
R H Foster Energy LLC
Quit Claim Deed
related
—
Dec 24, 2009
—
R H Foster Energy LLC
—
Deed Of Trust
related
$3,000,000 · Bangor Savings Bank
Apr 7, 2009
—
R H Foster Energy LLC
Three G LLC
Grant Deed
related
—
Aug 6, 2008
—
3g LLC
—
Deed Of Trust
related
$120,000 · Misc Other
Mar 17, 2008
—
3g LLC
Jones,gregg A
Warranty Deed
$1,121,076 · Machias Savings Bank
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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