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    Property profile & analytics

    38 Grand Ave Old Orchard Beach, ME 04064-2810

    • Motels
    • 8,950 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 01, 2025
    $16,955
    Location Intelligence
    Property ID
    US42-0229909
    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

    • Executive Motel / Motel / Bed & Breakfast

    Property Details for 38 Grand Ave

    Year built
    1963
    Construction
    FRAME
    Lot size
    0.65 lot acres
    Property size
    8,950 SF
    Zone code
    DD-2
    Property type
    Motels
    APN
    OOBH M:305 B:6 L:2
    APU
    OOBHM305B6L2

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Old Orchard Beach
    County
    York
    State
    Maine
    Longitude
    -70.3724
    Latitude
    43.5185
    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
    $16,630
    $850,000
    $608,800
    $1,458,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      11,298 SF

      61 Grand Ave

      MOTEL • 11,298 SF
      61 Grand Ave, Old Orchard Beach, ME 04064-2644
      View Details
    • Value Estimation by Request
      3,612 SF

      33 Grand Ave

      MOTEL • 3,612 SF
      33 Grand Ave, Old Orchard Beach, ME 04064-2633
      View Details
    • Value Estimation
      $1,055,000
      2,368 SF

      44 Grand Ave

      MOTEL • 2,368 SF
      44 Grand Ave, Old Orchard Beach, ME 04064-2810
      View Details
    • Value Estimation by Request
      10,226 SF

      35 Grand Ave

      MOTEL • 10,226 SF
      35 Grand Ave, Old Orchard Beach, ME 04064-2820
      View Details
    • Value Estimation by Request
      10,560 SF

      36 Grand Ave

      MOTEL • 10,560 SF
      36 Grand Ave, Old Orchard Beach, ME 04064-2624
      View Details
    • Value Estimation by Request
      2,030 SF

      1 Un Ave

      MOTEL • 2,030 SF
      1 Un Ave, Old Orchard Beach, ME 04064-2621
      View Details

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    • $1,150,000
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    Old Orchard Beach, ME 04064-2810
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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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