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    Property profile & analytics

    340 Park Ave Portland, ME 04102-2734

    • Hotels
    • 46,632 SF
    • 2.01 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 10, 2022
    Location Intelligence
    Property ID
    US42-0362372
    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

    • La Quinta Inn & Suites by Wyndham Portland / Hotel / Inn

    Property Details for 340 Park Ave

    Year built
    1985
    Lot size
    2.01 lot acres
    Property size
    46,632 SF
    Property type
    Hotels
    APN
    PTLD M:065 B:A003001
    APU
    PTLDM065BA003001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2819
    Latitude
    43.6553
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $191,950
    $1,426,900
    $11,893,700
    $13,320,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      11,951 SF

      747 Congress St

      HOTEL • 11,951 SF
      747 Congress St, Portland, ME 04102-3305
      View Details
    • Value Estimation by Request
      50,138 SF

      145 Jetport Blvd

      HOTEL • 50,138 SF
      145 Jetport Blvd, Portland, ME 04102-1990
      View Details
    • Value Estimation
      $6,415,000
      15,064 SF

      939 Congress St

      HOTEL • 15,064 SF
      939 Congress St, Portland, ME 04102-3031
      View Details
    • Value Estimation by Request
      103,048 SF

      1050 Westbrook St

      HOTEL • 103,048 SF
      1050 Westbrook St, Portland, ME 04102-1915
      View Details
    • Value Estimation by Request
      91,868 SF

      1230 Congress St

      HOTEL • 91,868 SF
      1230 Congress St, Portland, ME 04102-2129
      View Details
    • Value Estimation by Request

      73 Brackett St, Unit CH5

      RESIDENTIAL PARKING GARAGE
      73 Brackett St, Portland, ME 04102-3871
      View Details

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    Property Visit Statistics

    • Visits by month
      5.9k
    • Visitors by month
      1.5k
    • Avg Time on site
      562 min
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    340 Park Ave
    Portland, ME 04102-2734
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    Realmo Value Estimation

    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.

    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.

    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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