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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Hotels
6 Portland Ave Old Orchard Beach, ME 04064-2212
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US42-0179070
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
2003
Total area
7,660 SF
Lot
0.55 ac (24,172 SF)
Zoning code
DD-1
APN
OOBH M:205 B:1 L:23
UPID
US42-0179070
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
-
Old Orchard Beach Inn Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.47M
Owner & transaction history
Oob Inn LLC · 6 yrs held
Oob Inn LLC
since 2019
3 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,545,000
6.5%
$1,425,000
7%
$1,325,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,130,000
Change: -19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,125,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10%
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
$192 / 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
$18,542
Tax year 2023
Assessed value
$1,626,500
Assessed 2023
Previous assessed
$1,450,400
+12.1% YoY
Effective rate
1.14%
On assessed value
Assessed land
$646,000
Assessed improvement
$980,500
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
2003
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
18
Rooms
22
Bathrooms
19
Total area
7,660 SF
Lot
0.55 ac (24,172 SF)
Zoning code
DD-1
APN
OOBH M:205 B:1 L:23
UPID
US42-0179070
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
18
Rooms
22
Bathrooms
19
Lot
0.55 ac
Current owner
From public records · entity-resolved
Oob Inn LLC
Entity
Mailing address
198 SACO AVE, OLD ORCHARD BEACH, ME 04064-1334
Ownership since
2019
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
Sep 3, 2019
—
Oob Inn LLC
Amp Bellino INC
Warranty Deed
$740,000 · Partners Bk/new England
May 23, 2005
—
Bellino Amp INC
—
Deed Of Trust
related
$90,000 · Kennebunk Savings Bank
—
—
Oob Inn LLC
—
Deed Of Trust
related
$740,000 · Andrew J Bellino
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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