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Property profile & analytics
OFF-MARKET
Commercial real estate
8 Old Ft Ave Kennebunkport, ME 04046-6347
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US42-0541208
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1870
Lot
2.79 ac (121,457 SF)
Zoning code
CA
APN
KENP M:7 B:3 L:9
UPID
US42-0541208
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
-
Cape Arundel Inn Club House Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ivy One LLC · 15 yrs held
Ivy One LLC
since 2010
6 recorded transactions
Zoning & alternative use
CA · Kennebunkport, 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 Kennebunkport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennebunkport 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
—
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
$13,478
Tax year 2023
Assessed value
$2,156,500
Assessed 2023
Previous assessed
$2,149,400
+0.3% YoY
Effective rate
0.62%
On assessed value
Assessed land
$1,074,200
Assessed improvement
$1,082,300
Applied tax rate
36,745.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1870
Heating
NONE
Buildings
2
Units
1
Lot
2.79 ac (121,457 SF)
Zoning code
CA
APN
KENP M:7 B:3 L:9
UPID
US42-0541208
Jurisdiction
KENNEBUNKPORT
Zoning & alternative use
CA · Kennebunkport, ME
Zoning CA · permitted uses
CA · Kennebunkport, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kennebunkport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1870
Heating
NONE
Buildings
2
Units
1
Lot
2.79 ac
Current owner
From public records · entity-resolved
Ivy One LLC
Entity
Mailing address
2 LIVEWELL DR STE #203, KENNEBUNK, ME 04043-6763
Ownership since
2010
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
Feb 13, 2020
—
Ivy 1 LLC
—
Deed
related
$22,533,000 · Camden National Bank
Aug 8, 2017
—
Ivy One LLC
—
Loan Modification
related
$36,900,000 · Bangor Svgs Bk
Feb 1, 2013
—
Ivy 1 LLC
—
Deed Of Trust
related
$36,900,000 · Bangor Savings Bank
Nov 5, 2010
—
Ivy One LLC
Old Fort Inn & Antiques
Warranty Deed
related
$2,377,000 · Maine Savings FCU
Jul 2, 2008
—
Old Fort Inn & Antiques
—
Deed Of Trust
related
$187,890 · Rivergreen Bank
Dec 5, 2005
—
Old Fort Inn&antiques INC
—
Deed Of Trust
related
$70,000 · 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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