Potential Live-Work
New
For Sale
$595,000
1416 Post Rd, Wells, ME 04090
Public water and sewer serve a property with two curb cuts and potential live-work use.
Property Size1,904 SF
Days on Market3
Property Features for 1416 Post Rd
General Information
Standard status
Active
Size
1,904 SF
Class
C
Property subtype
Office
Site & Location
Traffic Count
16,749 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Land Use
professional, retail, live/work
Property Use
Office
Building Details
Building Size
1,904 SF
Year Built
1960
Listing Agency:
The Boulos Company Portland
Listed By:
Chris Gallagher
(917) 673-1178
Source:
Boulos
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 6:35AM
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 The Boulos Company Portland
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property in Wells includes nearly half an acre and two curb cuts. Its prior uses were a dental office and an apartment, and a live-work configuration is identified as a possibility. Public water and sewer are available.
The site is off I-95 at exit 19, next to the public library and Wells Public Schools. The stated traffic volume is approximately 16,749 cars per day.
The site is off I-95 at exit 19, next to the public library and Wells Public Schools. The stated traffic volume is approximately 16,749 cars per day.
Key Highlights
- Nearly half an acre with two curb cuts
- Public water and sewer
- Off I‑95 at exit 19 in Wells
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,188
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,760
$623.8K
Cap Rate 7%
$445,543
$445.5K
Cap Rate 9%
$346,533
$346.5K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$47.5K $24.96/SF
− Vacancy
−$5.9K −$3.12/SF
EGI
$41.6K $21.84/SF
− OpEx
−$10.4K −$5.46/SF
NOI
$31.2K $16.38/SF
Area
York County, ME
Vacancy
12.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,760
Cap Rate 7%
$445,543
Cap Rate 9%
$346,533
Alternative Uses
Best Use
Office B
$445.5K
$389.9K – $519.8K
NOI $31,188 @ 7.0% cap · market cap 5.24%
Second Best
Healthcare Medical
$368.5K
$322.4K – $429.9K
NOI $25,792 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$603.6K
$528.1K – $704.2K
NOI $42,249 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16,749 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
269
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Public water and sewer serve a property with two curb cuts and potential live-work use.
Where is this live-work space located?
The property is located at 1416 Post Rd Wells, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Nearly half an acre with two curb cuts; Public water and sewer; Off I‑95 at exit 19 in Wells
