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Property profile & analytics
OFF-MARKET
Estimated value
$255,000
Parking lots & garages
Atlantic Ave Old Orchard Beach, ME 04064
Entity Owned
Absentee Owner
Free & Clear
Property ID
US42-0731486
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.22 ac (9,660 SF)
Zoning code
R-2
APN
OOBH M:312 B:11 L:1
UPID
US42-0731486
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
$255k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
LAFAYETTE WAVES INC
LAFAYETTE WAVES INC
Zoning & alternative use
R-2 · Old Orchard Beach, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
he land is for single-family residences in detached dwellings and customary accessory, educational, public and religious uses that contribute to a wholesome residential neighborhood environment. Residential- 2 District (R-2) Sec. 78-516. - Purpose. The residential 2 district (R-2) is established as a zoning district in which the principal use of the land is…
Zone name
Residential 2 District
General category
RESIDENTIAL
Zone area
369.24 ac
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
Method
Estimation
Statistic approach
by Request
ML approach
$255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$255k
Range $230k – $281k · ±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
—
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
$613
Tax year 2023
Assessed value
$53,800
Assessed 2023
Previous assessed
$48,900
+10.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$53,800
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Buildings
1
Lot
0.22 ac (9,660 SF)
Zoning code
R-2
APN
OOBH M:312 B:11 L:1
UPID
US42-0731486
Jurisdiction
OLD ORCHARD BEACH
Zoning & alternative use
R-2 · Old Orchard Beach, MEZoning R-2 · permitted uses
R-2 · Old Orchard Beach, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
he land is for single-family residences in detached dwellings and customary accessory, educational, public and religious uses that contribute to a wholesome residential neighborhood environment. Residential- 2 District (R-2) Sec. 78-516. - Purpose. The residential 2 district (R-2) is established as a zoning district in which the principal use of the land is for one- and two-family residences and customary accessory, municipal, educational
Zone name
Residential 2 District
General category
RESIDENTIAL
Zone area
369.24 ac
Building & site characteristics
From public records
Heating
NONE
Buildings
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
LAFAYETTE WAVES INC
Entity
Free & Clear · 0 yrs held
Mailing address
155 LITTLEFIELD AVE, BANGOR, ME 04401-7206
Mailing matches property
Different — outreach signal
Owner-occupied
No
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.
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