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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Motels
44 Grand Ave Old Orchard Beach, ME 04064-2810
Entity Owned
1-yr Hold
Free & Clear
Property ID
US42-0875530
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1910
Construction
FRAME
Total area
2,368 SF
Lot
0.12 ac (5,010 SF)
Zoning code
DD-2
APN
OOBH M:305 B:6 L:5
UPID
US42-0875530
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
-
Seaside Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$1.04M
Owner & transaction history
46 East Grand LLC · 1 yrs held
46 East Grand LLC
since 2024
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
DD-2 · Old Orchard Beach, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Downtown District-2 (DD-2) Sec. 78-746. - Purpose. The downtown district 2 (DD-2) represents a natural expansion of the DD-1 district into adjacent underutilized parcels for the purpose of increasing the critical mass of commercial space and diversity of goods and services essential to provide for a strong local economy. Since the DD-2 district is both visua…
Zone name
Downtown District 2
General category
COMMERCIAL
Zone area
105.77 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
Method
Estimation
Statistic approach
$1,040,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$810,000
Current use
RETAIL STORES
$660,000
Change: -19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$655,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.04M (Sep 4 2024)
Last sale anchor
$1.04M
Sep 4 2024
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
$439 / 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
$4,285
Tax year 2023
Assessed value
$375,900
Assessed 2023
Previous assessed
$375,900
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$195,000
Assessed improvement
$180,900
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1910
Construction
FRAME
Heating
BASEBOARD
Buildings
1
Stories
2
Units
5
Bathrooms
2
Total area
2,368 SF
Lot
0.12 ac (5,010 SF)
Zoning code
DD-2
APN
OOBH M:305 B:6 L:5
UPID
US42-0875530
Jurisdiction
OLD ORCHARD BEACH
Zoning & alternative use
DD-2 · Old Orchard Beach, MEZoning DD-2 · permitted uses
DD-2 · 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-2 (DD-2) Sec. 78-746. - Purpose. The downtown district 2 (DD-2) represents a natural expansion of the DD-1 district into adjacent underutilized parcels for the purpose of increasing the critical mass of commercial space and diversity of goods and services essential to provide for a strong local economy. Since the DD-2 district is both visually and functionally related to the traditional downtown, many of the same uses and design standards of the DD-1 district apply. General Business-1 (GB-1)
Zone name
Downtown District 2
General category
COMMERCIAL
Zone area
105.77 ac
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$810,000
RETAIL STORES
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$655,000
HOTEL/MOTEL Current
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Construction
FRAME
Heating
BASEBOARD
Stories
2
Buildings
1
Units
5
Bathrooms
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
46 East Grand LLC
Entity
Free & Clear · 1 yrs held
Mailing address
44 E GRAND AVE, OLD ORCHARD BEACH, ME 04064-2810
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$1,037,837
46 East Grand LLC
Krug Real Estate LLC
Quit Claim Arm's Length For Ne States
—
Aug 28, 2024
—
Krug Real Estate LLC
Bnb Real Estate LLC
Quit Claim Deed
related
—
Sep 20, 2022
$1,550,000
Bnb Real Estate LLC
Beach Gardens LLC
Quit Claim Arm's Length For Ne States
$1,592,000 · First National Bank
—
—
Beach Gardens LLC
—
Deed Of Trust
related
$455,000 · Lapointe Lena P Trust (pt)
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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