Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Sanford Rd Lot, Unit 11B Wells, ME 04090

    Sponsored
    For Sale
    $350,000

    LAND - Wells, ME

    Lot size:
    23.70 Acres
    Days on Market:
    104
    Last Refresh:
    Feb 2 at 5:06 pm

    Property Features for Sanford Rd Lot

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Parking features
    Driveway
    Pets allowed
    No
    Lot size
    23.70 Acres

    We can help!

    Listing Contact
    Cindy Morin
    Cindy Morin

    Fontaine Family - The Real Estate Leader (207) 784-3800

    Listing agent Cindy Morin (207) 784-3800

    Listing date Oct 22, 2025

    MLS# 1641575 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wells, Maine Wooded Land

    This is a rare opportunity to own over 23 acres of wooded land located in Wells, Maine. The property is approximately 9 minutes from the town of Wells and Wells Beach. The private lot offers opportunities to observe wildlife. The zoning is Residential. There is a possibility of subdividing the land with town approval.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.582216
    Latitude
    43.322526

    Nearby Similar for Sale

    • $759,900
      2,876 SF

      Wells Maine Two-Unit Property

      Two stand-alone residential units on 1.86 acres near Wells Beach.
      46 Buffum Hill Rd, Wells, ME 04090
      View Details
    • $1,749,000
      5,218 SF

      Restaurant and Pub Opportunity

      Established restaurant and pub with office space and apartment.
      52 Post Rd, Wells, ME 04090
      View Details
    • New
      $1,475,000
      9,971 SF

      Retail Property in Wells, Maine

      Retail property for sale in Wells, Maine.
      525 Post Rd, Wells, ME 04090
      View Details
    • $2,342,400
      3.40 Acres

      30-Unit Lodging Complex in Wells, ME

      30-unit lodging complex on 3.4+/- acres in Wells, Maine.
      876 Post Rd, Wells, ME 04090
      View Details
    • New
      $695,000
      2,678 SF

      Mixed-Use Property with Residential Living

      Mixed-use property with business space and residential living in Wells.
      417 Sanford Rd, Wells, ME 04090
      View Details
    • $975,000
      5,458 SF

      Unique Retail Building Opportunity

      Iconic retail building with expansion potential on 0.92 acres.
      259 Post Rd, Wells, ME 04090
      View Details
    • $1,025,000
      18,324 SF

      Iconic Wells Commercial Property

      High-traffic Route 1 location, huge potential!
      259 Post Rd, Wells, ME 04090
      View Details
    • $749,000
      2,076 SF

      Prime Wells Commercial Property

      US Route 1 location, high-demand area.
      910 Post Rd, Wells, ME 04090
      View Details
    • $1,800,000
      3,620 SF

      Prime Wells, ME Commercial Property

      Turnkey Metal Recycling Business, 8.1 Acres
      61 Willie Hill Rd, Wells, ME 04090
      View Details
    • $849,000
      7,800 SF

      Wells Mixed-Use Commercial Property

      Versatile 7,800 sqft Warehouse & Showroom
      1907 Sanford Rd, Wells, ME 04090
      View Details
    • $859,900
      2,200 SF

      Prime Wells Commercial Property

      Restaurant space, high traffic, 2.57 acres.
      743 Berwick Rd, Wells, ME 04090
      View Details
    • $749,000
      2,079 SF

      Prime Wells, ME Retail Site

      Vacant, 2,079 SF, High Visibility
      910 Post Rd, Wells, ME 04090
      View Details

    FAQs

    What type of property is this?
    Land - 23+ acre wooded lot, build your dream home!
    Where is this land located?
    The property is located at Sanford Rd Lot, Unit 11B Wells, ME.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Over 23 acres of wooded land.; - Only 9 minutes from Wells Beach.; - Possibility to subdivide with town approval.
    (207) 784-3800
    Request Owner's contact information
    Sanford Rd Lot, Unit 11B Wells, ME 04090
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Sanford Rd Lot, Unit 11B
    Wells, ME 04090
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Sanford Rd Lot, Unit 11B Wells, ME 04090
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Cindy Morin
    Cindy Morin
    (207) 784-3800
    Learn more
    Google sign-in failed. Please try again or use another login method.