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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    32 Cross St Bethel, ME 04217

    • Commercial real estate
    • 2.69 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0654009
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • River Lanes / Bowling Alley

    Property Details for 32 Cross St

    Year built
    2019
    Lot size
    2.69 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional turn-key investment opportunity: River Lanes, a state-of-the-art bowling alley and arcade in Bethel, Maine's four-season tourist region. This 2.69-acre property, built in 2019, boasts ten lanes of Brunswick Ten-Pin bowling, a large arcade (the area's largest), and a full-service restaurant and bar with seating for 240. Amenities include an outdoor patio, three pool tables, darts, foosball, a large propane fireplace, indoor and outdoor cornhole areas (including professional-grade boards), and a private party room. The facility is in exceptional condition, with cutting-edge equipment and existing staff, making it an easily managed operation. The asking price is $4,750,000. This popular venue is perfect for group events and private functions, offering a diverse range of entertainment options. Its prime location in Western Maine ensures a consistent stream of customers throughout the year. The business is highly profitable and presents a rare opportunity to acquire a well-established and successful entertainment complex.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bethel
    County
    Oxford
    State
    Maine
    Longitude
    -70.791047
    Latitude
    44.411119

    Comparable in this City

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      $1,895,000
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      Bethel Inn Turnkey Investment

      Charming downtown Bethel Inn with restaurant and guest accommodations.
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      Land For Sale in Bethel

      Land available in Bethel, Maine.
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    • $569,000
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      Commercial Property Near Sunday River

      Successful dog kennel with rental income near Sunday River Ski Resort.
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    • $349,000
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      Land For Sale in Bethel

      1.29 acre lot available in Bethel, Maine.
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    • $845,000
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      1888 Wedding Barn

      Wedding Barn Venue for Sale at Ski Resort
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    • $395,000
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      Duplex Near Sunday River Resort

      Well-maintained duplex near Sunday River and Bethel Village.
      159 Mayville Rd, Bethel, ME 04217
      View Details

    Similar Nearby for Sale

    • New
      $1,895,000
      7,790 SF

      Bethel Inn Turnkey Investment

      Charming downtown Bethel Inn with restaurant and guest accommodations.
      32 Main St, Bethel, ME 04217
      View Details
    • $65,000
      0.09 Acres

      Land For Sale in Bethel

      Land available in Bethel, Maine.
      Intervale Rd, Bethel, ME 04217
      View Details
    • $569,000
      2,304 SF

      Commercial Property Near Sunday River

      Successful dog kennel with rental income near Sunday River Ski Resort.
      120 Sunday River Rd, Bethel, ME 04217
      View Details
    • $349,000
      1.29 Acres

      Land For Sale in Bethel

      1.29 acre lot available in Bethel, Maine.
      286 Mayvile Rd, Bethel, ME 04217
      View Details
    • $845,000
      8,700 SF

      1888 Wedding Barn

      Wedding Barn Venue for Sale at Ski Resort
      164 Mayville Rd, Bethel, ME 04217
      View Details
    • $395,000
      1,110 SF

      Duplex Near Sunday River Resort

      Well-maintained duplex near Sunday River and Bethel Village.
      159 Mayville Rd, Bethel, ME 04217
      View Details
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    32 Cross St
    Bethel, ME 04217
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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