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    Property profile & analytics

    90 Spencer Dr Wells, ME 04090

    • Warehouses
    • 400,000 SF
    • 41.08 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Village Candle / Home Goods Store
    • EIMSKIP / Bottled Water Supplier

    Property Details for 90 Spencer Dr

    Year built
    1999
    Lot size
    41.08 lot acres
    Property size
    400,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 44,626 square foot warehouse space is situated within the thriving Wells Business Park, offering unparalleled convenience and accessibility. Located just half a mile from Maine Turnpike, Exit 19, this property boasts a strategic location for efficient logistics and distribution. The warehouse itself features eight loading docks, ensuring smooth and efficient operations, and a generous 30-foot ceiling height, providing ample vertical storage capacity. Constructed with durable pre-cast concrete and steel, this building is built to last. The property sits on a substantial 41.08 acres of land, offering potential for future expansion or development. The Wells Business Park is home to a variety of established businesses, including a UPS Customer Center, Shaw's Distribution Center, and a VELUX Commercial facility, creating a strong and supportive business community. This multi-tenant building offers a total of 400,000 square feet of industrial space, reflecting the scale and potential of this prime location. The property is zoned for Light Industrial use, providing flexibility for a range of businesses. This is a rare opportunity to secure a well-maintained, strategically located warehouse space in a thriving business park. The combination of size, location, and amenities makes this an ideal choice for businesses seeking efficient and reliable warehouse solutions. The property's robust construction and ample space provide a solid foundation for growth and success.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.6019
    Latitude
    43.3225

    Comparable in this City

    • Value Estimation by Request
      400,000 SF

      90 Spencer Dr

      Distribution properties • 400,000 SF
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    • Value Estimation
      $345,000
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      1433 Post Rd

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      1544 Post Rd

      BULK STORAGE, TANKS • 5,015 SF
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      1584 Post Rd

      BULK STORAGE, TANKS • 2,340 SF
      1584 Post Rd, Wells, ME 04090
      View Details
    • Value Estimation by Request
      3,345 SF

      1045 Post Rd

      BULK STORAGE, TANKS • 3,345 SF
      1045 Post Rd, Wells, ME 04090-4511
      View Details
    • Value Estimation
      $405,000
      12,600 SF

      2041 Berwick Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 12,600 SF
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      View Details

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    Wells, ME 04090
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    Realmo Value Estimation

    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.

    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.

    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
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