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Property profile & analytics
FOR SALE
Investment properties
309 Shore Rd Ogunquit, ME 03907
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0373987
For Sale
1 / 27
Contact for pricing
309 Shore Rd, Ogunquit, ME 03907
View Listing →
Property summary
AI-generated overview
This exceptional 3,489 square foot restaurant space is located at 309 Shore Rd in Ogunquit, Maine, within the desirable Limited Business District (LBD) zoning. Situated on a 1.25-acre lot (APN 003/017, York County), this property boasts a prime corner location at the entrance to Perkins Cove, offering unparalleled visibility and accessibility. Built in 1995, the building features a total of 10,736 square feet, with this space representing one available unit within a multi-tenant building. The property includes 30 on-site parking spaces, a significant advantage in a high-traffic area. Existing restaurant infrastructure is in place, simplifying the setup for a new operator. The location is also conveniently situated within walking distance of Ogunquit's vibrant downtown corridor, providing easy access to a large customer base. The ample space and fantastic outdoor dining area present a unique opportunity to establish a thriving restaurant business in a highly sought-after location. This property offers a blend of convenience, visibility, and established infrastructure, making it an ideal investment for experienced restaurateurs.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
1.25 ac (54,450 SF)
Zoning code
LBD/OF
APN
OGUN M:003 L:017
UPID
US42-0373987
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
$345k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$345k
Owner & transaction history
Thompson Green Prtnrshp · 1 yrs held
Thompson Green Prtnrshp
since 2024
4 recorded transactions
Zoning & alternative use
LBD/OF · Ogunquit, 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 Ogunquit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ogunquit 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
$345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$345k
Range $311k – $380k · ±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
—
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
$16,661
Tax year 2023
Assessed value
$2,579,100
Assessed 2023
Previous assessed
$2,579,100
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$898,200
Assessed improvement
$1,680,900
Applied tax rate
54,980.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Heating
NONE
Cooling
YES
Buildings
2
Units
6
Lot
1.25 ac (54,450 SF)
Zoning code
LBD/OF
APN
OGUN M:003 L:017
UPID
US42-0373987
Jurisdiction
OGUNQUIT
Zoning & alternative use
LBD/OF · Ogunquit, MEZoning LBD/OF · permitted uses
LBD/OF · Ogunquit, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Units
6
Lot
1.25 ac
Current owner
From public records · entity-resolved
Thompson Green Prtnrshp
Individual
Mailing address
161 ODELL TER, YONKERS, NY 10701-1410
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2024
—
Thompson Green Prtnrshp
—
Deed
related
$760,000 · Saco & Biddeford Savings
Nov 10, 2022
—
Thompson Green Prtnrshp
—
Deed
related
$200,000 · Xandra INC
Dec 3, 2018
—
James H Hartwell
—
Deed
related
$550,000 · Private Individual
—
—
James H Hartwell
—
Deed Of Trust
related
$550,000 · Private Individual
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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