Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    40-75 Wells Plz Wells, ME 04090
    Back to Search
    Property profile & analytics

    40-75 Wells Plz, Wells, ME 04090

    View on Map
    • Strip malls
    • 93,263 SF
    • 15.03 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wells Plaza / Shopping Center & Mall

    Property Details for 40-75 Wells Plz

    Year built
    1973
    Lot size
    15.03 lot acres
    Property type
    Strip malls
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents two available inline spaces within the well-established Wells Plaza, a 93,263 square foot retail strip center situated on 15.03 acres in York County's desirable Wells/Berwick submarket. The property boasts a Class B rating, having been built in 1973 and renovated in 1990. The two-building, single-story complex offers a total of 12 suites, with a minimum divisible space of 1,676 square feet and a maximum of 3,274 square feet (based on available units). The center benefits from high visibility and excellent traffic flow due to its strategic location on Post Road/US Route One. Strong co-tenancy is provided by established businesses such as Hannaford, Flagship Cinemas, and Reny's. Ample parking is available for customers and employees, with a total of 633 spaces. The property is zoned GB - General Business (Map 121, Lot 024) and features all necessary power. Elevators are not present. This is an ideal location for businesses seeking high traffic exposure and a strong tenant mix in a well-maintained retail center. The property offers a unique opportunity to establish or expand your business in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.5846
    Latitude
    43.3012

    Comparable in this City

    • Value Estimation by Request
      2,882 SF

      1516 Post Rd

      DEPARTMENT STORE
      1516 Post Rd, Wells, ME 04090
      View Details
    • Value Estimation by Request
      2,546 SF

      32 Eldridge Rd

      DEPARTMENT STORE
      32 Eldridge Rd, Wells, ME 04090-4046
      View Details
    • Value Estimation by Request
      3,390 SF

      2190 Post Rd

      DEPARTMENT STORE
      2190 Post Rd, Wells, ME 04090-4715
      View Details
    • Value Estimation
      $520,000
      4,310 SF

      2049 Post Rd

      DEPARTMENT STORE
      2049 Post Rd, Wells, ME 04090-4717
      View Details
    • Value Estimation by Request
      2,624 SF

      1378 Post Rd

      DEPARTMENT STORE
      1378 Post Rd, Wells, ME 04090-4507
      View Details
    • Value Estimation by Request
      2,400 SF

      2136 Sanford Rd

      DEPARTMENT STORE
      2136 Sanford Rd, Wells, ME 04090-6422
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,076 SF

      Prime Commercial Land Opportunity

      Land suitable for retail, restaurant, or office development.
      910 Post Rd, Wells, ME 04090
      View Details
    • $445,000
      0.98 Acres

      Commercial Property in Wells, Maine

      Commercially zoned property with updated building near major routes.
      874 Sanford Rd, Wells, ME 04090
      View Details
    • $650,000
      2,678 SF

      Versatile Mixed-Use Property in Wells

      Mixed-use property with high visibility and flexible space.
      417 Sanford Rd, Wells, ME 04090
      View Details
    • $1,730,270
      4,790 SF

      Restaurant and Retail Buildings Auction

      Restaurant and retail buildings with support equipment on 3.58+/- acres.
      2265 Post Rd, Wells, ME 04090
      View Details
    • Contact for pricing
      8,996 SF

      Sanford Road Automotive Repair Space

      Automotive repair space with lifts and ample parking available forrent.
      209 Sanford Rd, 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 Rd, Wells, ME 04090
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,274 SF

      Retail Space in Wells Plaza

      1,676± SF retail space available for lease.
      75 Wells Plz, Wells, ME 04090
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Colonial Square

      Commercial space for lease with high traffic and visibility.
      952 Post Rd, Wells, ME 04090
      View Details
    • Contact for pricing

      Retail Space at Wells Plaza

      Retail space for rent in Wells Plaza on Route 1.
      40-75 Wells Plz, Wells, ME 04090
      View Details
    • Contact for pricing
      243,346 SF

      High-Bay Manufacturing/Distribution Warehouse Space

      243,346± SF high-bay warehouse space near Maine Turnpike.
      90 Spencer Dr, Wells, ME 04090
      View Details
    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.
    40-75 Wells Plz
    Wells, ME 04090
    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
    40-75 Wells Plz, 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!