Property profile

34 Ocean Ave Scarborough, ME 04074

OFF-MARKET
Motels
Property ID
US42-0185738
8,288 SF 0.69 ac lot Built 1895
Individually Owned 8-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1895
Total area 8,288 SF
Lot 0.69 ac (30,056 SF)
Zoning code 14
APN SCAR M:U002 L:171
UPID US42-0185738

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Bed & Breakfast
  • Restaurant
  • Restaurant

Location

34 Ocean Ave Scarborough, ME 04074-9424
Scarborough metro Census 17308 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$580k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$625k

Owner & transaction history

since 2018
2 recorded transactions
2022
Price N/A
2018
Price N/A

Zoning & alternative use

14 · Scarborough, ME
Top alternative use upside
Office building $995,000 +255.8%
Auto repair, garage $985,000 +251.5%
Commercial (general) $960,000 +242.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 34 Ocean Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message