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Property profile & analytics
OFF-MARKET
Motels
81 Washington Ave Harpswell, ME 04079
Entity Owned
Free & Clear
Property ID
US42-0428212
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1900
Construction
FRAME
Total area
2,057 SF
Lot
1.5 ac (65,340 SF)
Zoning code
SR
APN
HARP M:021 L:139
UPID
US42-0428212
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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
BAILEY ISLAND REALTY LLC
BAILEY ISLAND REALTY LLC
Zoning & alternative use
SR · Harpswell, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
by the Planning Board if site plan review is not required CEO - Requires permit issued by the Code Enforcement Officer LPI - Requires permit issued by the Local Plumbing Inspector ABBREVIATIONS: RP - Resource Protection SR - Shoreland Residential SB - Shoreland Business CF I - Commercial Fisheries I CF II - Commercial Fisheries II MFMB - Mitchell Field Marin…
Zone name
Shoreland Residential
General category
COMMERCIAL
Zone area
3,308.81 ac
Source
Town of Harpswell
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 Harpswell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harpswell 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
$6,617
Tax year 2023
Assessed value
$1,084,800
Assessed 2023
Previous assessed
$1,084,800
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$587,600
Assessed improvement
$497,200
Applied tax rate
31,390.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
6
Stories
2
Units
9
Total area
2,057 SF
Lot
1.5 ac (65,340 SF)
Zoning code
SR
APN
HARP M:021 L:139
UPID
US42-0428212
Jurisdiction
HARPSWELL
Zoning & alternative use
SR · Harpswell, MEZoning SR · permitted uses
SR · Harpswell, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
by the Planning Board if site plan review is not required CEO - Requires permit issued by the Code Enforcement Officer LPI - Requires permit issued by the Local Plumbing Inspector ABBREVIATIONS: RP - Resource Protection SR - Shoreland Residential SB - Shoreland Business CF I - Commercial Fisheries I CF II - Commercial Fisheries II MFMB - Mitchell Field Marine Business FOOTNOTES: Land Use Table *For further information on the * uses in lan
Zone name
Shoreland Residential
General category
COMMERCIAL
Zone area
3,308.81 ac
Source
Town of Harpswell
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
6
Units
9
Lot
1.5 ac
Current owner
From public records · entity-resolved
BAILEY ISLAND REALTY LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 16, BAILEY ISLAND, ME 04003-0016
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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