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Property profile & analytics
FOR SALE
Retail properties & Spaces
57 Saco Ave Old Orchard Beach, ME 04064
Entity Owned
2-yr Hold
Free & Clear
Property ID
US42-0194637
For Sale
1 / 2
Contact for pricing
57 Saco Ave, Old Orchard Beach, ME 04064
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1900
Construction
FRAME
Total area
1,823 SF
Lot
0.16 ac (6,922 SF)
Zoning code
GB-2
APN
OOBH M:309 B:10 L:5
UPID
US42-0194637
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
-
Epoxy ME Kitchen & Bath Showroom Interior Design
-
Cottage Decor Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
57 Saco Ave LLC · 2 yrs held
57 Saco Ave LLC
since 2023
1 recorded transaction
Zoning & alternative use
GB-2 · Old Orchard Beach, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(b) With the density of the settlement pattern of this area, the GB-2 district is primarily designed to encourage conversion of existing residential structures to small office and retail operations that generate relatively lighter trip generation and parking demand. Industrial District (ID)
Zone name
General Business 2 District
General category
COMMERCIAL
Zone area
17.64 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
—
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
$2,262
Tax year 2023
Assessed value
$198,400
Assessed 2023
Previous assessed
$188,500
+5.3% YoY
Effective rate
1.14%
On assessed value
Assessed land
$108,300
Assessed improvement
$90,100
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
1,823 SF
Lot
0.16 ac (6,922 SF)
Zoning code
GB-2
APN
OOBH M:309 B:10 L:5
UPID
US42-0194637
Jurisdiction
OLD ORCHARD BEACH
Zoning & alternative use
GB-2 · Old Orchard Beach, MEZoning GB-2 · permitted uses
GB-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
(b) With the density of the settlement pattern of this area, the GB-2 district is primarily designed to encourage conversion of existing residential structures to small office and retail operations that generate relatively lighter trip generation and parking demand. Industrial District (ID)
Zone name
General Business 2 District
General category
COMMERCIAL
Zone area
17.64 ac
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
57 Saco Ave LLC
Entity
Free & Clear · 2 yrs held
Mailing address
20 MILLIKEN RD, SCARBOROUGH, ME 04074-9708
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
—
57 Saco Ave LLC
Robert S Magazu
Warranty Deed
—
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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