Restaurant with Private
For Sale
$1,699,000
52 Post Road, Wells, ME 04090
Commercial Sale, Wells, ME
Property Size5,218 SF
Lot Size0.47 Acres
Price / SF$325.60
Days on Market92
Property Features for 52 Post Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GB
Interior features
Storage
Basement
Dirt Floor, Full, Crawl Space, Unfinished
Lot features
Public Transport Access, Business District, Near Shopping
Standard status
Active
Size
5,218 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6954
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Oil, Other (Heating), Forced Air, Baseboard, Hot Water(Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1979
Flooring type
Carpet, Vinyl, Wood, Concrete
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Anchor Real Estate
Listed By:
Anchor Real Estate
(207) 361-5007
Added: Jun 8
Changed: Sep 6
Last Checked: Sep 7 at 11:06PM
MLS# 1666035
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 conventional restaurant property combines a primary dining facility with a bar, commercial kitchen, private patio, and additional support space. The main building contains 3,580 square feet of kitchen and dining area, including a 14-person bar and a grand stone fireplace. A 29' x 33' upper-level room includes a second bar and distant ocean views. The kitchen is equipped with a char-broiler, flat-top grill, gas range, oven, fryers, dishwasher, walk-in and reach-in refrigeration/freezers, sandwich preparation counters, and prep tables. A closed-circuit camera system provides visibility into the dining room.
An additional 1,632 square feet is configured for office and storage use and includes a 2-bedroom, 1-bath efficiency-style apartment. The property sits on 0.47 acres with prominent Route 1 frontage, ample parking, public water, and public sewer. Constructed in 1979, the building has wood-frame construction, wood and vinyl siding, and a shingle roof. Zoning is GB.
An additional 1,632 square feet is configured for office and storage use and includes a 2-bedroom, 1-bath efficiency-style apartment. The property sits on 0.47 acres with prominent Route 1 frontage, ample parking, public water, and public sewer. Constructed in 1979, the building has wood-frame construction, wood and vinyl siding, and a shingle roof. Zoning is GB.
Key Highlights
- 3,580 square feet of kitchen and dining space
- 14‑person bar plus a second bar in the upper‑level room
- 29' x 33' upper‑level event or dining area with distant ocean views
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
$63,110
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
3.71%
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%
$1,262,200
$1.3M
Cap Rate 7%
$901,571
$901.6K
Cap Rate 9%
$701,222
$701.2K
Market Conditions
NOI Build-Up for 5,218 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
$93.9K $18.00/SF
− Vacancy
−$9.8K −$1.87/SF
EGI
$84.1K $16.13/SF
− OpEx
−$21.0K −$4.03/SF
NOI
$63.1K $12.09/SF
Area
York County, ME
Vacancy
10.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,262,200
Cap Rate 7%
$901,571
Cap Rate 9%
$701,222
Alternative Uses
Best Use
Specialty Retail
$901.6K
$788.9K – $1.05M
NOI $63,110 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,786 @ 7.0% cap · market cap 6.81%
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
104
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped dining property with multiple service areas, event space, office storage, and an apartment-style suite.
Where is this conventional restaurant located?
The property is located at 52 Post Road Wells, ME.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 3,580 square feet of kitchen and dining space; 14‑person bar plus a second bar in the upper‑level room; 29' x 33' upper‑level event or dining area with distant ocean views
