874 Sanford Road, Wells, ME 04090

Building Details

Building Size 1,100 SF More

Year Built 1965 More

Buildings 1 More

Listing Agency: Better Homes & Gardens Real Estate/The Masiello Group s***@masiello.com Show Phone

Listed By: Jonathan Safford Show Phone

Source: Amerorealty

Added: Aug 14 Changed: Nov 7 Last Checked: Nov 7 at 1:54PM

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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 Better Homes & Gardens Real Estate/The Masiello Group

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Investment Insights

Based on property information with market context.

At 874 Sanford Road, this 1,100-square-foot ranch built in 1965 has three bedrooms, two bathrooms, and an open layout. Recent work includes a roof, siding, electrical service, septic system, six heat pumps, kitchen cabinetry and appliances, quartz countertops, bath fixtures, and a foundation perimeter drain. The heated basement adds interior space, while a deck and large yard extend the property outdoors.

The property is in Wells' Business District, with access to the Maine Turnpike and Route 1, as well as area beaches, businesses, shops, and services. Zoning is RC. Intended uses should be verified with the Town of Wells.

Key Highlights

• 1,100‑square‑foot ranch with three bedrooms and two bathrooms
• RC zoning in Wells' Business District
• Heated basement, deck, and large yard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,018

Cap Rate

4.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$360,360 $360.4K

Cap Rate 7%

$257,400 $257.4K

Cap Rate 9%

$200,200 $200.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$27.5K $24.96/SF

− Vacancy

−$3.4K −$3.12/SF

EGI

$24.0K $21.84/SF

− OpEx

−$6.0K −$5.46/SF

NOI

$18.0K $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%

$360,360

Cap Rate 7%

$257,400

Cap Rate 9%

$200,200

Alternative Uses

Best Use

Office B

$257.4K

$225.2K – $300.3K (±1% cap)

NOI $18,018 @ 7.0% cap · market cap 4.52%

Second Best

Mixed Use

$195.2K

$170.8K – $227.7K (±1% cap)

NOI $13,662 @ 7.0% cap · market cap 3.42%

Theoretical Best

Office A

$348.7K

$305.1K – $406.8K (±1% cap)

NOI $24,409 @ 7.0% cap · market cap 6.12%

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

Live-work space

Suggested Use

Top Pick Building Supply Electrical Service Auto Parts Store Big Box & Wholesale Store Real Estate Agency Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

53

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

Average Price Trend$/SF for Mixed-use properties in York County, ME

$424 Jul

$374 Aug

$323 Sep

$283 Oct

Properties on Market for Mixed-use properties in York County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The three-bedroom, two-bath layout includes a heated basement, deck, and space for parking.

Where is this mixed-use property located?

The property is located at 874 Sanford Road Wells, ME.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 1,100‑square‑foot ranch with three bedrooms and two bathrooms; RC zoning in Wells' Business District; Heated basement, deck, and large yard