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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Turn key restaurants
756 York St, York, ME 03909
Entity Owned
~
Est. High Equity
Property ID
US42-0354753
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Construction
FRAME
Total area
3,824 SF
Lot
1 ac (43,560 SF)
Zoning code
B2
APN
YORK M:0040 B:0062
UPID
US42-0354753
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
-
Lobster Cove Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$700k
Owner & transaction history
Lobster Cove LLC
Lobster Cove LLC
since 2026
7 recorded transactions
Zoning & alternative use
B2 · York, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+33.3%
Commercial (general)
$1.1M
+33.0%
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 York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs York 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$795,000
Current use
RETAIL STORES
$1,060,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,060,000
Change: +33% · Conversion: Easy
OFFICE BUILDING
$740,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$183 / 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
$10,747
Tax year 2023
Assessed value
$1,271,800
Assessed 2023
Previous assessed
$1,271,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$960,000
Assessed improvement
$311,800
Applied tax rate
87,985.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
3,824 SF
Lot
1 ac (43,560 SF)
Zoning code
B2
APN
YORK M:0040 B:0062
UPID
US42-0354753
Jurisdiction
YORK
Zoning & alternative use
B2 · York, ME
Zoning B2 · permitted uses
B2 · York, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
York. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$795,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$740,000
RESTAURANT Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1970
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Lobster Cove LLC
Entity
Mailing address
PO BOX 1140, YORK BEACH, ME 03910-1140
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2026
—
Lobster Cove LLC
—
Deed
related
$500,000 · Kennebunk Savings Bank
Apr 29, 2024
—
Lobster Cove LLC
—
Deed
related
$350,000 · Kennebunk Savings Bank
Apr 10, 2020
—
Lobster Cove LLC
—
Deed
related
$3,200,000 · Kennebunk Savings Bank
May 22, 2013
—
Lobster Cove LLC
—
Deed Of Trust
related
$47,000 · Kennebunk Savings Bank
May 27, 2010
—
Lobster Cove LLC
—
Deed Of Trust
related
$35,000 · Kennebunk Savings Bank
May 21, 2007
—
Lobster Cove LLC
—
Deed Of Trust
related
$85,000 · Kennebunk Savings Bank
Mar 14, 2007
—
Lobster Cove LLC
—
Deed Of Trust
related
$25,000 · Kennebunk Savings 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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