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Property profile & analytics
OFF-MARKET
Estimated value
$315,000
Commercial real estate
40 Bowery Bch Rd Cape Elizabeth, ME 04107-2514
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0177309
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
14 ac (609,840 SF)
Zoning code
BB
APN
CAPE U17040000000
UPID
US42-0177309
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
$315k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$315k
Owner & transaction history
Inn By The Sea LLC · 2 yrs held
Inn By The Sea LLC
since 2023
2 recorded transactions
Zoning & alternative use
BB · Cape Elizabeth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Business District B is to recognize locations where moderate intensity, non retail commercial uses have developed in close proximity to residential areas
Zone name
Business District B
General category
COMMERCIAL
Zone area
37.69 ac
Source
Realmo
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 Cape Elizabeth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape Elizabeth 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
by Request
ML approach
$315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$315k
Range $284k – $347k · ±10%
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
—
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
$816,938
Tax year 2023
Assessed value
$9,142,100
Assessed 2023
Previous assessed
$36,568,400
-75.0% YoY
Effective rate
8.94%
On assessed value
Assessed land
$624,600
Assessed improvement
$8,517,500
Applied tax rate
10,180.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
4
Lot
14 ac (609,840 SF)
Zoning code
BB
APN
CAPE U17040000000
UPID
US42-0177309
Jurisdiction
CAPE ELIZABETH
Zoning & alternative use
BB · Cape Elizabeth, MEZoning BB · permitted uses
BB · Cape Elizabeth, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Business District B is to recognize locations where moderate intensity, non retail commercial uses have developed in close proximity to residential areas
Zone name
Business District B
General category
COMMERCIAL
Zone area
37.69 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
4
Lot
14 ac
Current owner
From public records · entity-resolved
Inn By The Sea LLC
Entity
Mailing address
PO BOX 508, PORTLAND, ME 04112-0508
Ownership since
2023
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
Dec 15, 2023
—
Inn By The Sea LLC
—
Deed
related
$5,000,000 · Bangor Savings Bank
Jan 20, 2012
—
Inn By The Sea LLC
—
Deed Of Trust
related
—
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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