Mixed-Use Property with Two Ground-Floor
For Sale
$999,750
932 Sanford Road, Wells, ME 04090
Two-bedroom, two-bath residential suite plus two ground-floor storefronts or office suites, each with its own private restroom.
Property Size5,753 SF
Days on Market27
Property Features for 932 Sanford Road
General Information
Standard status
Active
Size
5,753 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Office Units
9
Building Details
Building Size
5,753 SF
Year Built
2002
Tenancy
Multi
Listing Agency:
EXIT Oceanside Realty
(608) 931-2150
Listed By:
Sonya Hill
(608) 931-2150
Source:
Startpoint
Added: Jul 9
Changed: Jul 29
Last Checked: Aug 4 at 12:33PM
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 EXIT Oceanside Realty
Investment Insights
Based on property information with market context.
932 Sanford Road in Wells, ME offers a mixed-use commercial and residential configuration built in 2002. The residential portion features a 1,200+ sqft two-bedroom, two-full-bath suite with laundry, additional storage in the unfinished attic, and a split-bedroom floor plan. A bonus room adds flexible space for a home office, den, gym, or media room, while the kitchen with a center island opens to the formal dining area and comfortable living room.
The commercial component is set up for versatility with two separate ground-floor storefronts or office suites, and each includes its own private restroom. Upstairs, there are seven additional offices or flex spaces along with a reception or waiting area and another restroom. The property is described as mixed-use zoning and sits on just under two acres.
Access and visibility are positioned for business use, with the location described as minutes from the Turnpike and between Portland, ME and Portsmouth, NH.
The commercial component is set up for versatility with two separate ground-floor storefronts or office suites, and each includes its own private restroom. Upstairs, there are seven additional offices or flex spaces along with a reception or waiting area and another restroom. The property is described as mixed-use zoning and sits on just under two acres.
Access and visibility are positioned for business use, with the location described as minutes from the Turnpike and between Portland, ME and Portsmouth, NH.
Key Highlights
- Just under two acres
- Residential suite: 1,200+ sqft, two bedrooms and two full baths
- Unfinished attic storage plus laundry in the residential suite
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.3k | $21.60 |
| − Vacancy | −$9.9k | −$1.73 |
| EGI | $114.3k | $19.87 |
| − OpEx | −$42.9k | −$7.45 |
| NOI | $71.5k | $12.42 |
5,753 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,234 @ 7.0% cap · market cap 9.43%
Second Best
Mixed Use
$1.02M
$893.2K – $1.19M
NOI $71,452 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,657 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
50
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
Properties on Market for Mixed-use properties in York County
Vacancy Rate% for Office 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?
Mixed-use property - Two-bedroom, two-bath residential suite plus two ground-floor storefronts or office suites, each with its own private restroom.
Where is this mixed-use property located?
The property is located at 932 Sanford Road Wells, ME.
What is the asking price?
The asking price for this property is $999,750.
What are key features of this property?
This property features: Just under two acres; Residential suite: 1,200+ sqft, two bedrooms and two full baths; Unfinished attic storage plus laundry in the residential suite
