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Property profile & analytics
OFF-MARKET Estimated value $1,950,000
Commercial real estate

98-102 Grand Ave Old Orchard Beach, ME 04064

2,189 SF 0.53 ac lot Built 1958
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US42-0508453
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,189 SF
Lot 0.53 ac (22,871 SF)
Zoning code BRD
APN OOBH M:304 B:7 L:9
UPID US42-0508453
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
$1.95M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.95M
Owner & transaction history
Al-shawk Enterprise LLC · 2 yrs held
Al-shawk Enterprise LLC
since 2024
Last sale
$2.0M
2 recorded transactions
2024
$2.0M
2020
Price N/A
Zoning & alternative use
BRD · Old Orchard Beach, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Zone: BRD, VE Flood Zone, LC, Frontal Dune Acting Chair Ethan Scott introduced Item 3, and asked if there were a representative here tonight. Brad Pineau, design engineer for Gorrill Palmer, the Applicant, then addressed the Board via a Zoom call. Brad explained that the existing structure is partially in the V-Flood zone so the proposal is to move the struc…

Zone name Beachfront Resort District
General category RESIDENTIAL
Zone area 104.65 ac
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