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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Hotels
6 Un Ave Old Orchard Beach, ME 04064-2629
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US42-0412569
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1899
Total area
5,096 SF
Lot
0.11 ac (4,816 SF)
Zoning code
BRD
APN
OOBH M:316 B:13 L:15
UPID
US42-0412569
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
-
The Ocean Tripp Inn Hotel & Motel Bed & Breakfast
-
Mocean LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
$950k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Odessa By The Sea LLC · 1 yrs held
Odessa By The Sea LLC
since 2024
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
BRD · 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
$1,395,000
ML approach
$1,395,000
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,740,000
Current use
RETAIL STORES
$1,415,000
Change: -19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,415,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±10% · vs last sale $1.40M (Aug 27 2024)
Last sale anchor
$1.40M
Aug 27 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
$274 / 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
$13,481
Tax year 2023
Assessed value
$1,182,500
Assessed 2023
Previous assessed
$1,182,500
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$608,000
Assessed improvement
$574,500
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
1899
Heating
BASEBOARD
Buildings
1
Stories
3
Units
16
Rooms
12
Total area
5,096 SF
Lot
0.11 ac (4,816 SF)
Zoning code
BRD
APN
OOBH M:316 B:13 L:15
UPID
US42-0412569
Jurisdiction
OLD ORCHARD BEACH
Zoning & alternative use
BRD · Old Orchard Beach, ME
Zoning BRD · permitted uses
BRD · 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
HOTEL/MOTEL Current
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
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
1899
Heating
BASEBOARD
Stories
3
Buildings
1
Units
16
Rooms
12
Lot
0.11 ac
Current owner
From public records · entity-resolved
Odessa By The Sea LLC
Entity
Mailing address
6 UN AVE, OLD ORCHARD BEACH, ME 04064-2629
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2024
$1,395,000
Odessa By The Sea LLC
Sherri A Tripp
Warranty Deed
—
Jan 23, 2024
—
Sherri A Tripp
—
Deed
related
$300,000 · Saco & Biddeford Savings
Jan 3, 2023
—
Barry C Tripp
—
Deed
related
$200,000 · Atlantic Regional FCU
Mar 8, 2022
—
Sherri A Tripp
—
Deed
related
$125,000 · Atlantic Regional FCU
Mar 28, 2019
—
Sherri A Tripp
—
Deed
related
$50,000 · Atlantic Regional FCU
Oct 12, 2018
—
Sherri A Tripp
Tripp,sherri A & Barry C
Quit Claim Deed
related
—
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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