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Property profile & analytics
OFF-MARKET
Estimated value
$2,120,000
Motels
57 Grand Ave Old Orchard Beach, ME 04064-2645
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0256403
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1948
Construction
FRAME
Total area
12,220 SF
Lot
0.42 ac (18,347 SF)
Zoning code
DD-2
APN
OOBH M:310 B:3 L:2
UPID
US42-0256403
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
-
Hungry Seagull - Variety Store: Beer, Ice Cream, and more! Grocery & Convenience Store
-
The Edgewater Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.32M
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.12M
Owner & transaction history
Edgewater Oob LLC · 4 yrs held
Edgewater Oob LLC
since 2022
Last sale
$1.8M
3 recorded transactions
Zoning & alternative use
DD-2 · Old Orchard Beach, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,340,000
ML approach
$2,315,000
CAP Approach
CAP Return
Estimation
6%
$2,465,000
6.5%
$2,275,000
7%
$2,115,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,395,000
Change: -19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,390,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.12M
Range $1.91M – $2.33M · ±10% · vs last sale $1.84M (Mar 29 2022)
Last sale anchor
$1.84M
Mar 29 2022
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
$173 / 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
$27,341
Tax year 2023
Assessed value
$2,398,300
Assessed 2023
Previous assessed
$2,007,400
+19.5% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,548,000
Assessed improvement
$850,300
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
1948
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
36
Total area
12,220 SF
Lot
0.42 ac (18,347 SF)
Zoning code
DD-2
APN
OOBH M:310 B:3 L:2
UPID
US42-0256403
Jurisdiction
OLD ORCHARD BEACH
Zoning & alternative use
DD-2 · Old Orchard Beach, ME
Zoning 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
Old Orchard Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
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
1948
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
36
Lot
0.42 ac
Current owner
From public records · entity-resolved
Edgewater Oob LLC
Entity
Mailing address
57 W GRAND AVE, OLD ORCHARD BEACH, ME 04064-2645
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
$1,835,000
Edgewater Oob LLC
Pierre J Janelle
Warranty Deed
$300,000 · Saco & Biddeford Savings
Oct 24, 2005
—
Pierre Janelle
—
Deed Of Trust
related
$80,000 · Saco & Biddeford Savings
Apr 19, 2005
—
Pierre J Janelle
—
Deed Of Trust
related
$100,000 · Simonne B Janelle
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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