Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wells Land with Development Potential Title is generated by Realmo AI

    288 North Berwick Road, Wells, ME 04090

    View on Map
    Claim this Listing
    For Sale
    $275,000

    10 acres of raw land in Wells, Maine.

    Type:Land
    Property size:
    435,600 SF
    Lot size:
    10.00 Acres
    Price / SF:
    $0.63/SF
    Added:
    Jan 27, 2026
    Days on Market:
    125
    Last Refresh:
    May 18 at 8:41 pm

    Property Features for 288 North Berwick Road

    General Information

    Standard status
    Active
    Size
    435,600 SF
    Lot size
    10.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Pamela Moody-Maxon

    Listing agent Pamela Moody-Maxon

    Listing office Moody Maxon Real Estate

    Listing date Jan 27, 2026

    Source Compass

    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 Moody Maxon Real Estate

    HighLights

    • 10 acres of raw land in Wells, Maine.
    • Located in a Residential/Commercial (RC) and Light Industrial zone.
    • Minutes from the highway and 8 minutes to Wells beaches.
    • Picturesque private pond on the property.
    • Mature trees and trails for exploration.
    • Power available at the road.

    Overview

    This 10-acre parcel of raw land is located in Wells, Maine. The property is zoned Residential/Commercial (RC) in the front and Light Industrial in the back. Access to the land requires a driveway exceeding 100 feet via a 50-foot right-of-way. The land will require a private well and septic system. Power is available at the road. The land is gently sloping and features a private pond. Mature trees and trails are present on the property. The location is minutes from the highway entrance and approximately 8 minutes from the beaches of Wells.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Auto Parts Store Department Store Storage Facility Bar & Pub Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.6325273
    Latitude
    43.3246303

    Nearby Similar for Sale

    • $1,730,270
      4,790 SF

      Restaurant and Retail Buildings Auction

      Restaurant and retail buildings with support equipment on 3.58+/- acres.
      2265 Post Rd., Wells, ME 04090
      View Details
    • $850,000
      2,200 SF

      Restaurant Opportunity in Wells, Maine

      Commercial real estate opportunity in high-traffic Wells, Maine.
      743 N Berwick Road, Wells, ME 04090
      View Details
    • $1,299,000
      4,310 SF

      Retail Opportunity on Route 1

      Two-story commercial building on a high-traffic retail corridor.
      2049 Post Road, Wells, ME 04090
      View Details
    • $679,000
      3,769 SF

      Waterfront Multi-Family Investment Opportunity

      Three homes on one lot with river frontage in Wells.
      1597 Sanford Road, Wells, ME 04090
      View Details
    • $445,000
      1,100 SF

      Commercial Property in Wells, Maine

      Commercially zoned property with updated building near major routes.
      874 Sanford Road, Wells, ME 04090
      View Details
    • $399,000

      Commercial Lot Near Beaches

      Commercial lot suitable for small business or dream home.
      15 Heather Lane, Wells, ME 04090
      View Details
    • $2,195,000
      2,160 SF

      Coastal Duplex with Ocean Views

      Modern duplex near the beach, ideal for living and income.
      26 Atlantic Avenue, Wells, ME 04090
      View Details
    • $1,200,000

      Wells Beach Buildable Lot

      Rare buildable lot near Wells Beach, ideal for custom home.
      Eastern Avenue, Wells, ME 04090
      View Details
    • $1,395,000

      Wells Ocean Avenue Development Opportunity

      Half-acre lot near the beach with redevelopment potential.
      835 Ocean Avenue, Wells, ME 04090
      View Details
    • $759,000

      Prime Land Near Area Beaches

      Half-acre lot ideal for coastal home with ADU potential.
      191 Eldridge Road, Wells, ME 04090
      View Details
    • $250,000

      Wells Land Near Harbor

      Residential land near Wells Harbor, ready for your dream home.
      99 Harbor Road lot: 52, Wells, ME 04090
      View Details
    • $250,000

      Wells Land Near Harbor

      Residential land near Wells Harbor, ready for building.
      99 Harbor Road lot: 54, Wells, ME 04090
      View Details

    FAQs

    What type of property is this?
    Land - 10 acres of raw land in Wells, Maine.
    Where is this land located?
    The property is located at 288 North Berwick Road Wells, ME.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 10 acres of raw land in Wells, Maine.; Located in a Residential/Commercial (RC) and Light Industrial zone.; Minutes from the highway and **8 minutes to Wells beaches.**
    (207) 251-3585
    We can help!
    Listing Contact
    Pamela Moody-Maxon
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    288 North Berwick Road, Wells, ME 04090
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!