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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Hotels
43 Grand Ave Old Orchard Beach, ME 04064-2632
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0056948
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1860
Construction
FRAME
Total area
5,960 SF
Lot
0.16 ac (7,115 SF)
Zoning code
DD-1
APN
OOBH M:310 B:6 L:3
UPID
US42-0056948
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
Current use
Occupant on record · Public records
-
The Oceanic Inn Hotel & Motel
-
Cardtronics ATM Atm
-
One Soho Square Nightclub Bar & Pub
-
Richie Ribeye OOB Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
Zheng Hospitality LLC · 9 yrs held
Zheng Hospitality LLC
since 2017
2 recorded transactions
Zoning & alternative use
DD-1 · Old Orchard Beach, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Downtown District-1 (DD-1) Sec. 78-716. - Purpose. The purpose of the downtown district 1 (DD-1) is to maintain the historical downtown area as the town’s principal commercial, service, and entertainment center for yearround residents and seasonal visitors, by promoting increased commercial diversity, vertical stratification of mixed uses, improved infrastru…
Zone name
Downtown District 1
General category
MIXED_USE
Zone area
33.12 ac
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 Old Orchard Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Old Orchard Beach 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$126 / 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
$7,826
Tax year 2023
Assessed value
$686,500
Assessed 2023
Previous assessed
$653,600
+5.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$363,700
Assessed improvement
$322,800
Applied tax rate
55,085.0000
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
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1860
Construction
FRAME
Heating
BASEBOARD
Buildings
1
Stories
3
Units
6
Total area
5,960 SF
Lot
0.16 ac (7,115 SF)
Zoning code
DD-1
APN
OOBH M:310 B:6 L:3
UPID
US42-0056948
Jurisdiction
OLD ORCHARD BEACH
Zoning & alternative use
DD-1 · Old Orchard Beach, MEZoning DD-1 · permitted uses
DD-1 · Old Orchard Beach, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Downtown District-1 (DD-1) Sec. 78-716. - Purpose. The purpose of the downtown district 1 (DD-1) is to maintain the historical downtown area as the town’s principal commercial, service, and entertainment center for yearround residents and seasonal visitors, by promoting increased commercial diversity, vertical stratification of mixed uses, improved infrastructure, and implementation of design standards targeted at creating a visually exciting and harmonious environment attractive to the changing market demands. Downtown District-2 (DD-2)
Zone name
Downtown District 1
General category
MIXED_USE
Zone area
33.12 ac
Building & site characteristics
From public records
Year built
1860
Construction
FRAME
Heating
BASEBOARD
Stories
3
Buildings
1
Units
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
Zheng Hospitality LLC
Entity
Mailing address
836 WASHINGTON AVE APT #7, PORTLAND, ME 04103-2740
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Apr 21, 2017
—
Zheng Hospitality LLC
—
Deed
related
$1,757,500 · Bangor Svgs Bk
Jan 25, 2006
—
Oceanic Inn INC
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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