Open-Layout Retail
For Sale
$80,000
1755 Post Road #5, Wells, ME 04090
Bright commercial unit with display windows, customer parking, and a location within a Wells shopping district.
Property Size1,488 SF
Price / SF$153.85
Days on Market553
Property Features for 1755 Post Road #5
General Information
Standard status
Active
Size
1,488 SF
Property subtype
Commercial
Zoning
GB
Taxes and HOA fees
Annual Taxes
$1,763
Amenities
large display windows
ample parking
bright, open layout
Building Details
Building Size
1,488 SF
Year Built
1980
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
(207) 370-9509
Listed By:
Sean Cody
(207) 370-9509
Source:
Startpoint
Added: Feb 24, 2025
Changed: Aug 30
Last Checked: Aug 30 at 10:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
This 520-square-foot retail unit offers a bright, open interior suited to merchandise display and customer browsing. Display windows provide a storefront presentation, while the space is part of a maintained commercial complex with on-site parking. The property carries GB zoning and was built in 1980.
Positioned along Route 1 in Wells’ shopping district, the unit benefits from exposure to an established commercial corridor and convenient access for shoppers. Its compact footprint and open configuration support a straightforward retail layout without relying on a defined prior use.
Positioned along Route 1 in Wells’ shopping district, the unit benefits from exposure to an established commercial corridor and convenient access for shoppers. Its compact footprint and open configuration support a straightforward retail layout without relying on a defined prior use.
Key Highlights
- 520‑square‑foot retail unit
- Bright, open interior configuration
- Display windows for storefront merchandising
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,315
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$126,300
$126.3K
Cap Rate 7%
$90,214
$90.2K
Cap Rate 9%
$70,167
$70.2K
Market Conditions
NOI Build-Up for 520 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$9.9K $18.96/SF
− Vacancy
−$838 −$1.61/SF
EGI
$9.0K $17.35/SF
− OpEx
−$2.7K −$5.20/SF
NOI
$6.3K $12.14/SF
Area
York County, ME
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$126,300
Cap Rate 7%
$90,214
Cap Rate 9%
$70,167
Alternative Uses
Best Use
Retail
$90.2K
$78.9K – $105.3K
NOI $6,315 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$164.8K
$144.2K – $192.3K
NOI $11,539 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 04090, ME
11,314
Population
9,590
Households
1.2
Avg Household Size
53
Median Age
38%
College-Educated
92%
High-School Grad
57.7 sq mi
ZIP Area
196
Density / Sq Mi
$83,900
Median Household Income
$47,928
Median Earnings
$1,313
Median Rent
$445,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Bright commercial unit with display windows, customer parking, and a location within a Wells shopping district.
Where is this retail space located?
The property is located at 1755 Post Road #5 Wells, ME.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: 520‑square‑foot retail unit; Bright, open interior configuration; Display windows for storefront merchandising
