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Property profile & analytics
FOR LEASE
Retail properties & Spaces
8 Heath St, Old Orchard Beach, ME 04064
Trust Owned
5-yr Hold
~
Est. High Equity
Property ID
US42-0501763
For Lease
1 / 2
$2,320,000
8 Heath St, Old Orchard Beach, ME 04064
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Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,360 SF
Lot
1.8 ac (78,408 SF)
Zoning code
DD-2
APN
OOBH M:206 B:27 L:13
UPID
US42-0501763
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
-
Domino's Pizza Take-out & Catering
-
Family Dollar Discount Store
-
Snap Fitness Old Orchard Gym & Fitness Center
-
DAVID'S SUB SHOP Take-out & Catering
-
Patrón Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.32M
Owner & transaction history
Realty Karm Trust V · 5 yrs held
Realty Karm Trust V
since 2020
4 recorded transactions
Zoning & alternative use
DD-2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$126 / 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
$19,720
Tax year 2023
Assessed value
$1,729,800
Assessed 2023
Previous assessed
$1,693,800
+2.1% YoY
Effective rate
1.14%
On assessed value
Assessed land
$396,700
Assessed improvement
$1,333,100
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 Lease
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
4
Bathrooms
2
Total area
18,360 SF
Lot
1.8 ac (78,408 SF)
Zoning code
DD-2
APN
OOBH M:206 B:27 L:13
UPID
US42-0501763
Jurisdiction
OLD ORCHARD BEACH
Zoning & alternative use
DD-2 · Old Orchard Beach, ME
Zoning DD-2 · permitted uses
DD-2 · 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.
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
4
Bathrooms
2
Lot
1.8 ac
Current owner
From public records · entity-resolved
Realty Karm Trust V
Trust
Mailing address
42 STILLMAN RD, LYNNFIELD, MA 01940-1705
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
—
Realty Karm Trust V
Stillridge LLC
Quit Claim Deed
related
$1,087,000 · Rockland Tr
Jun 29, 2006
—
Lida M Zahares
—
Deed Of Trust
related
$50,000 · Ocean National Bank
Feb 8, 2006
—
Lida M Zahares
—
Deed Of Trust
related
$25,000 · Vall Enterprises INC
—
—
Karm Realty Trust
—
Deed Of Trust
related
$1,087,000 · Rockland Tr
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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