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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Retail properties & Spaces
724 Main St Ogunquit, ME 03907
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0507736
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1950
Construction
FRAME
Total area
4,136 SF
Lot
3.25 ac (141,570 SF)
Zoning code
SLC
APN
OGUN M:011 L:006
UPID
US42-0507736
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$575k
Owner & transaction history
724 Main St LLC · 3 yrs held
724 Main St LLC
since 2022
6 recorded transactions
Zoning & alternative use
SLC · Ogunquit, 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 Ogunquit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ogunquit 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%
$835,000
6.5%
$775,000
7%
$720,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$139 / 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
$8,714
Tax year 2023
Assessed value
$1,348,900
Assessed 2023
Previous assessed
$1,348,900
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,041,400
Assessed improvement
$307,500
Applied tax rate
54,980.0000
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
Off-Market
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
4,136 SF
Lot
3.25 ac (141,570 SF)
Zoning code
SLC
APN
OGUN M:011 L:006
UPID
US42-0507736
Jurisdiction
OGUNQUIT
Zoning & alternative use
SLC · Ogunquit, ME
Zoning SLC · permitted uses
SLC · Ogunquit, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ogunquit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
3.25 ac
Current owner
From public records · entity-resolved
724 Main St LLC
Entity
Mailing address
PO BOX 1801, OGUNQUIT, ME 03907-1801
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
—
724 Main St LLC
—
Deed
related
$880,000 · Kennebunk Savings Bank
Sep 29, 2023
—
724 Main St LLC
—
Deed
related
$1,090,000 · Kennebunk Savings Bank
Sep 22, 2022
—
724 Main St LLC
Ogunquit Motel Corp
Quit Claim Deed
related
$1,500,000 · Kennebunk Savings Bank
Jun 7, 2013
—
Ogunquit Motel Corp
—
Deed Of Trust
related
$3,800,000 · Newburyport Five Cent
May 7, 2010
—
Ogunquit Motel Corp
—
Deed Of Trust
related
$275,000 · Misc Other
May 17, 2006
—
Ogunquit Motel Corp
—
Deed Of Trust
related
$75,000 · Ocean National Bank
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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