Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wells Land Near Harbor Title is generated by Realmo AI

    99 Harbor Road lot 52, Wells, ME 04090

    View on Map
    Claim this Listing
    For Sale
    $250,000

    LAND - Wells, ME

    Lot size:
    0.57 Acres
    Added:
    Apr 4, 2026
    Days on Market:
    46
    Last Refresh:
    May 19 at 7:06 pm

    Property Features for 99 Harbor Road lot 52

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA
    Pets allowed
    No
    Standard status
    Active
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    661

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Zachary Pappas

    Listing agent Zachary Pappas

    Listing office Keller Williams Coastal and Lakes & Mountains Realty 750 Lafayette Road Suite 201, Portsmouth, ME

    Listing date Apr 4, 2026

    MLS# 1644151 Listing URL

    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.

    HighLights

    • Prime location: Approximately 1/2 mile from Wells Harbor.
    • Build‑ready lot: Utilities and site work already completed.
    • Not in a flood zone.
    • Walking distance to dining, public park, walking trails, Wells Harbor and marina.
    • Convenient access to Drakes Island, Kennebunkport, Wells amenities, schools, I‑95, train station, Ogunquit and Perkins Cove.
    • Seller will split the combined lot into two individual lots prior to conveying.

    Overview

    Located approximately 0.5 miles from Wells Harbor, this 0.57-acre lot at 99 Harbor Road, lot 52 in Wells, Maine, presents an opportunity to build a home or vacation getaway in a tranquil setting. The property is not in a flood zone and is ready for construction, with utilities and site work already completed. The location offers convenient access to local amenities, including a 5-minute walk to dining establishments such as The Fishermans Catch and Hobbs Harborside, as well as a public park, walking trails, Wells Harbor and marina, and the Rachel Carson estuary and conservation land. Other nearby destinations within a 10-minute drive include Drakes Island, Kennebunkport, dining and shopping options in Wells, Wells schools, I95 access, The DownEaster train station, Ogunquit, and Perkins Cove. Note that Lot 52 is currently combined with lot 54 as one deeded parcel but they are two individual lots of record. The seller will split these lots into 2 prior to conveying and at sellers own expense. Both lots are being sold with a builder tie-in. Seller retains the right to review and approve the buyer's building plans and approval will not be unreasonably withheld.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.576851
    Latitude
    43.320904

    Nearby Similar for Sale

    • $1,730,270
      4,790 SF

      Restaurant and Retail Buildings Auction

      Restaurant, retail buildings, and support equipment on 3.58+/- acres.
      2265 Post Rd., Wells, ME 04090
      View Details
    • $850,000
      2,200 SF

      Restaurant Opportunity in Wells, Maine

      Commercial real estate opportunity in high-traffic Wells, Maine.
      743 N Berwick Road, Wells, ME 04090
      View Details
    • $1,299,000
      4,310 SF

      Retail Opportunity on Route 1

      Two-story commercial building on a high-traffic retail corridor.
      2049 Post Road, Wells, ME 04090
      View Details
    • $1,749,000
      5,218 SF

      Established Restaurant and Office Space

      Restaurant and office space near beaches, shopping, and attractions.
      52 Post Road, Wells, ME 04090
      View Details
    • $445,000
      1,100 SF

      Commercial Property in Wells, Maine

      Commercially zoned property with updated building near major routes.
      874 Sanford Road, Wells, ME 04090
      View Details
    • $399,000

      Commercial Lot Near Beaches

      Commercial lot suitable for small business or dream home.
      15 Heather Lane, Wells, ME 04090
      View Details
    • $1,200,000

      Wells Beach Buildable Lot

      Rare buildable lot near Wells Beach, ideal for custom home.
      Eastern Avenue, Wells, ME 04090
      View Details
    • $1,395,000

      Wells Ocean Avenue Development Opportunity

      Half-acre lot near the beach with redevelopment potential.
      835 Ocean Avenue, Wells, ME 04090
      View Details
    • $975,000
      18,324 SF

      Unique Retail Building with Expansion Potential

      High-visibility retail building with expansion and development opportunities.
      259 Post Road, Wells, ME 04090
      View Details
    • $759,000

      Prime Land Near Area Beaches

      Half-acre lot ideal for coastal home with ADU potential.
      191 Eldridge Road, Wells, ME 04090
      View Details
    • $250,000

      Wells Land Near Harbor

      Residential land near Wells Harbor, ready for building.
      99 Harbor Road lot: 54, Wells, ME 04090
      View Details
    • $275,000

      Wells Land with Development Potential

      10 acres in Wells, RC zoning, development opportunity.
      288 N Berwick Road, Wells, ME 04090
      View Details

    FAQs

    What type of property is this?
    Land - Residential land near Wells Harbor, ready for your dream home.
    Where is this land located?
    The property is located at 99 Harbor Road lot 52 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: Prime location: Approximately 1/2 mile from Wells Harbor.; Build‑ready lot: Utilities and site work already completed.; Not in a flood zone.
    (207) 351-5226
    We can help!
    Listing Contact
    Zachary Pappas
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    99 Harbor Road lot: 52, Wells, ME 04090
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!