Brewery With Tasting
For Sale
Contact for pricing
596 N Berwick Rd, Wells, ME 04090
Purpose-built facility combines beverage production, dining, event areas, offices, and outdoor guest spaces.
Property Size20,049 SF
Price / SF$224.45
Days on Market24
Property Features for 596 N Berwick Rd
General Information
Standard status
Active
Size
20,049 SF
Property subtype
Business for Sale, Hospitality, Retail
Zoning
LI - COMM WHSE MDL-94
Building Details
Year Built
2019
Stories
2
Listing Agency:
Daigle Commercial Group
(207) 773-4222
Listed By:
Alexandra Diaz · License #ME
Source:
Crexi
Added: Aug 7
Changed: Aug 29
Last Checked: Aug 29 at 3:57PM
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 Daigle Commercial Group
Investment Insights
Based on property information with market context.
Wild Bevy Distilling is a purpose-built beverage production and hospitality property in Wells, Maine. Completed in 2019, the 20,049-square-foot facility occupies 2.03± acres and includes a 2,000-liter Kothe hybrid pot still, automated production systems, fermentation and storage equipment, warehouse and retail areas, a prep kitchen, private offices, and conference space.
Customer-facing improvements include a tasting room, bar, mezzanine, patio, and side yard. These areas support dining, tours, live music, private events, and community programming. The property is located near I-95, with access to Ogunquit, the Kennebunks, and other Southern Maine destinations. The operation also includes an established product portfolio, distribution channels, production capacity, and multiple revenue streams.
Customer-facing improvements include a tasting room, bar, mezzanine, patio, and side yard. These areas support dining, tours, live music, private events, and community programming. The property is located near I-95, with access to Ogunquit, the Kennebunks, and other Southern Maine destinations. The operation also includes an established product portfolio, distribution channels, production capacity, and multiple revenue streams.
Key Highlights
- Purpose‑built 20,049 SF facility constructed in 2019
- Situated on 2.03± acres in Wells, Maine
- Includes a 2,000‑liter Kothe hybrid pot still
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
$242,486
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
5.39%
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%
$4,849,720
$4.8M
Cap Rate 7%
$3,464,086
$3.5M
Cap Rate 9%
$2,694,289
$2.7M
Market Conditions
NOI Build-Up for 20,049 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
$360.9K $18.00/SF
− Vacancy
−$37.6K −$1.87/SF
EGI
$323.3K $16.13/SF
− OpEx
−$80.8K −$4.03/SF
NOI
$242.5K $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%
$4,849,720
Cap Rate 7%
$3,464,086
Cap Rate 9%
$2,694,289
Alternative Uses
Best Use
Specialty Retail
$3.46M
$3.03M – $4.04M
NOI $242,486 @ 7.0% cap · market cap 5.39%
Second Best
Industrial
$2.95M
$2.58M – $3.45M
NOI $206,746 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$6.36M
$5.56M – $7.41M
NOI $444,880 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Purpose-built facility combines beverage production, dining, event areas, offices, and outdoor guest spaces.
Where is this brewery located?
The property is located at 596 N Berwick Rd Wells, ME.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Purpose‑built 20,049 SF facility constructed in 2019; Situated on 2.03± acres in Wells, Maine; Includes a 2,000‑liter Kothe hybrid pot still
