952 Post Road #14, Wells, ME 04090

Building Details

Building Size 1,423 SF More

Year Built 1987 More

Stories 1 More

Listing Agency: CORE j***@mainerealtyadvisors.com

Listed By: Andre Rossignol Show Phone

Source: Hayesrealestate

Added: Jul 6 Changed: Nov 10 Last Checked: Nov 10 at 1:35AM

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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 CORE

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Investment Insights

Based on property information with market context.

This mixed-use condominium contains 1,423 SF on one floor. The layout includes an open front room, a built-in reception counter, private offices, and a rear prep area with a three-bay stainless sink. Built in 1987, the unit is suited to office and retail functions.

The property fronts Route 1 in Wells and sits beside Miller Fitness, a 24-hour gym. Hannaford, Reny's, CVS, and McDonald's are each within a few hundred yards.

Key Highlights

• 1,423 SF commercial condominium with single‑floor layout
• Open front room, built‑in reception counter, and private offices
• Rear prep area with a three‑bay stainless sink

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,674

Cap Rate

7.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$353,480 $353.5K

Cap Rate 7%

$252,486 $252.5K

Cap Rate 9%

$196,378 $196.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,423 SF

Gross rent

$30.7K $21.60/SF

− Vacancy

−$2.5K −$1.73/SF

EGI

$28.3K $19.87/SF

− OpEx

−$10.6K −$7.45/SF

NOI

$17.7K $12.42/SF

Area

York County, ME

Vacancy

8.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$353,480

Cap Rate 7%

$252,486

Cap Rate 9%

$196,378

Alternative Uses

Best Use

Office B

$333.0K

$291.4K – $388.5K (±1% cap)

NOI $23,309 @ 7.0% cap · market cap 9.32%

Second Best

Mixed Use

$252.5K

$220.9K – $294.6K (±1% cap)

NOI $17,674 @ 7.0% cap · market cap 7.07%

Theoretical Best

Office A

$451.1K

$394.7K – $526.3K (±1% cap)

NOI $31,576 @ 7.0% cap · market cap 12.63%

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

Ultimate Image & Stylin ... Hair Salon MLTG Industrial Manufacturer Maine Castle Realty Real Estate Agency My Favorite Thrift ... Discount Store Subway Take-out & Catering

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center Storage Facility

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

Paved road access

Location Intelligence

Trade Area within ½ mile

186

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 - A single-level commercial unit combines open customer-facing space, private offices, and a rear area equipped for preparation.

Where is this mixed-use property located?

The property is located at 952 Post Road #14 Wells, ME.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: 1,423 SF commercial condominium with single‑floor layout; Open front room, built‑in reception counter, and private offices; Rear prep area with a three‑bay stainless sink