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Property profile & analytics
OFF-MARKET
Estimated value
$11,390,000
Hotels
369 Maine Mall Rd South Portland, ME 04106-3214
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0841875
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Construction
FRAME
Total area
43,194 SF
Lot
1.84 ac (80,150 SF)
Zoning code
MM
APN
SPOR M:074 B:0006 L:012
UPID
US42-0841875
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
$9.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.39M
Owner & transaction history
Hosp Porme 369 Mall LLC · 4 yrs held
Hosp Porme 369 Mall LLC
since 2022
Last sale
$11.3M
2 recorded transactions
Zoning & alternative use
MM · South Portland, 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 South Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Portland 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
$13,040,000
ML approach
$9,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.39M
Range $10.25M – $12.53M · ±10% · vs last sale $11.27M (Jun 14 2022)
Last sale anchor
$11.27M
Jun 14 2022
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
$264 / 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
$112,062
Tax year 2023
Assessed value
$7,925,200
Assessed 2023
Previous assessed
$6,827,300
+16.1% YoY
Effective rate
1.41%
On assessed value
Assessed land
$2,511,500
Assessed improvement
$5,413,700
Applied tax rate
71,990.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
98
Rooms
98
Bathrooms
98
Total area
43,194 SF
Lot
1.84 ac (80,150 SF)
Zoning code
MM
APN
SPOR M:074 B:0006 L:012
UPID
US42-0841875
Jurisdiction
SOUTH PORTLAND
Zoning & alternative use
MM · South Portland, ME
Zoning MM · permitted uses
MM · South Portland, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Portland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2017
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
98
Rooms
98
Bathrooms
98
Lot
1.84 ac
Current owner
From public records · entity-resolved
Hosp Porme 369 Mall LLC
Entity
Mailing address
369 MAINE MALL RD, SOUTH PORTLAND, ME 04106-3214
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2022
$11,272,255
Hosp Porme 369 Mall LLC
Vanparcel LLC
Quit Claim Arm's Length For Ne States
$9,945,000 · Bangor Savings Bank
Nov 26, 2019
—
Vanparcel LLC
—
Deed
related
$9,180,000 · Bangor 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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