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    Property profile & analytics

    490 Pleasant St Lewiston, ME 04240-3956

    • Hotels
    • 88,034 SF
    • 9.32 lot acres
    OFF-MARKET
    Value Estimation
    $4,825,000
    Last Sale
    Jul 18, 2022
    $5,750,000
    Location Intelligence
    Property ID
    US42-0843245
    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

    • Ramada by Wyndham Lewiston Hotel & Conference Center / Hotel / Inn
    • Ramada Conference Center / Conference Center / Lodging
    • Fusion Restaurant & Lounge at Ramada Hotel & Conference Ctr / American Restaurant / Bar

    Property Details for 490 Pleasant St

    Year built
    1975
    Lot size
    9.32 lot acres
    Property size
    88,034 SF
    Property type
    Hotels
    APN
    LEWI M:124 L:019
    APU
    LEWIM124L019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,175,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,000,000
      6.5%
      $6,170,000
      7%
      $5,480,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,515,000
      Geo Method
      $4,795,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,305,000
      Retail
      $5,090,000
      Mixed-Use
      $6,040,000
      Hospitality
      $5,445,000
      Educational
      $4,975,000
      Residential Income
      $6,150,000
      Energy
      $4,775,000
      Income-Based Land
      $5,780,000
      Food Service
      $5,215,000

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.1795
    Latitude
    44.0786
    CBSA code
    30340
    CBSA name
    LEWISTON-AUBURN, 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
    $119,026
    $604,800
    $3,362,720
    $3,967,520
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      8,548 SF

      1 Walnut St

      HOTEL-RESORT • 8,548 SF
      1 Walnut St, Lewiston, ME 04240-7358
      View Details
    • Value Estimation
      $410,000
      16,438 SF

      87 Bartlett St

      HOTEL-RESORT • 16,438 SF
      87 Bartlett St, Lewiston, ME 04240-5099
      View Details
    • Value Estimation by Request
      53,352 SF

      15 Lincoln St

      HOTEL • 53,352 SF
      15 Lincoln St, Lewiston, ME 04240-7720
      View Details
    • Value Estimation
      $395,000
      9,532 SF

      1905 Lisbon Rd

      MOTEL • 9,532 SF
      1905 Lisbon Rd, Lewiston, ME 04240-1415
      View Details
    • Value Estimation by Request
      34.00 Acres

      832 College St

      Retirement homes • 34.00 Acres
      832 College St, Lewiston, ME 04240
      View Details
    • Value Estimation
      $1,250,000
      17,268 SF

      1440 Lisbon St

      MOTEL • 17,268 SF
      1440 Lisbon St, Lewiston, ME 04240-3514
      View Details

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    Similar Nearby for Lease

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    • Contact for pricing
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    • $7 SF/Yr
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    Property Visit Statistics

    • Visits by month
      2.4k
    • Visitors by month
      1.0k
    • Avg Time on site
      263 min
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    Lewiston, ME 04240-3956
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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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