Storefront Retail
For Sale
$775,000
2244 Post Road, Wells, ME 04090
Commercial Sale, Wells, ME
Property Size5,558 SF
Lot Size0.78 Acres
Price / SF$139.44
Days on Market46
Property Features for 2244 Post Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
General Business Dis
Parking features
Off Street
Lot features
Near Turnpike/ Interstate, Business District, Near Shopping, Retail Strip
Standard status
Active
Size
5,558 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3480
Utilities
Sewer type
Public Sewer
Heating system
Oil, Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
abundant on-site parking
Building Details
Year built
1900
Building materials
Wood Frame
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Zachary Resnikoff
(207) 606-9665
Added: Jul 16
Changed: Aug 26
Last Checked: Aug 30 at 3:06PM
MLS# 1672132
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,558-square-foot storefront property occupies a 0.78-acre parcel at 2244 Post Road in Wells, Maine. The building dates to 1900 and uses wood-frame construction, with heat pump and electric heating supplemented by oil, plus heat pump cooling. Public water and public sewer serve the property, and off-street parking is available on site.
The property fronts U.S. Route 1, providing a retail-oriented commercial setting with an existing business in operation. The current business is expected to continue operating through 9/30/26 unless a buyer requests an earlier change. General Business Dis zoning and the existing storefront configuration support continued consideration of the property for retail-oriented commercial occupancy.
The property fronts U.S. Route 1, providing a retail-oriented commercial setting with an existing business in operation. The current business is expected to continue operating through 9/30/26 unless a buyer requests an earlier change. General Business Dis zoning and the existing storefront configuration support continued consideration of the property for retail-oriented commercial occupancy.
Key Highlights
- 5,558‑square‑foot storefront property on a 0.78‑acre parcel
- Located at 2244 Post Road along U.S. Route 1 in Wells, ME
- General Business Dis zoning
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
$67,496
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
8.71%
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%
$1,349,920
$1.3M
Cap Rate 7%
$964,229
$964.2K
Cap Rate 9%
$749,956
$750.0K
Market Conditions
NOI Build-Up for 5,558 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
$105.4K $18.96/SF
− Vacancy
−$9.0K −$1.61/SF
EGI
$96.4K $17.35/SF
− OpEx
−$28.9K −$5.20/SF
NOI
$67.5K $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%
$1,349,920
Cap Rate 7%
$964,229
Cap Rate 9%
$749,956
Alternative Uses
Best Use
Retail
$964.2K
$843.7K – $1.12M
NOI $67,496 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,330 @ 7.0% cap · market cap 15.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
3,236 visits/mo
0.4 miles
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Existing retail improvements with off-street parking and public water and sewer service.
Where is this storefront property located?
The property is located at 2244 Post Road Wells, ME.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 5,558‑square‑foot storefront property on a 0.78‑acre parcel; Located at 2244 Post Road along U.S. Route 1 in Wells, ME; General Business Dis zoning
