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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Industrial land
12 Parker Rdg Dr Wells, ME 04090-6745
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US42-0711203
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
2013
Total area
1,008 SF
Lot
20.33 ac (885,575 SF)
Zoning code
R
APN
WLLS M:037 L:6
UPID
US42-0711203
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Seacoast Land Acquis LLC · 3 yrs held
Seacoast Land Acquis LLC
since 2022
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
R · Wells, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Rural District. A. Purpose. The purpose of the Rural District is to maintain the open, rural character of the land within the district. Open uses of the land, such as forestry and agricultural uses, should be encouraged and large-scale residential uses discouraged. Residential development should be clustered so that significant areas of the development can b…
Zone name
Rural
General category
RESIDENTIAL
Zone area
25,025.65 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wells submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wells submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.09M
Range $1.11M – $1.13M · vs last sale $1.00M (Aug 12 2022)
Last sale anchor
$1.00M
Aug 12 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,081 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$2,328
Tax year 2022
Applied tax rate
81,475.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
2013
Heating
HOT WATER
Bathrooms
2
Total area
1,008 SF
Lot
20.33 ac (885,575 SF)
Zoning code
R
APN
WLLS M:037 L:6
UPID
US42-0711203
Jurisdiction
WELLS
Zoning & alternative use
R · Wells, MEZoning R · permitted uses
R · Wells, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Rural District. A. Purpose. The purpose of the Rural District is to maintain the open, rural character of the land within the district. Open uses of the land, such as forestry and agricultural uses, should be encouraged and large-scale residential uses discouraged. Residential development should be clustered so that significant areas of the development can be maintained as open space and, where applicable, used to buffer the development from existing Town ways. B. Permitted uses. The following uses are permitted upon obtaining any required permits from the Code Enforcement Officer: (1) Animal husbandry. (2) Agriculture. (3) Cemetery having an area less than 20,000 square feet and containing no buildings. (4) Dwelling, one-family. (See also § 145-55 .) (5) Dwelling, two-family. (6) [1] Livestock, domestic (small), limited to lots with a minimum lot size of 40,000 square feet. [Added 6-9-2015 [2] ] [1]
Zone name
Rural
General category
RESIDENTIAL
Zone area
25,025.65 ac
Building & site characteristics
From public records
Year built
2013
Heating
HOT WATER
Bathrooms
2
Lot
20.33 ac
Current owner
From public records · entity-resolved
Seacoast Land Acquis LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PARKER RDG DR, WELLS, ME 04090
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
$1,000,000
Seacoast Land Acquis LLC
Parker Development LLC
Warranty Deed
—
Jul 14, 2014
—
Parker Development LLC
—
Grant Deed
related
$60,000 · Sanford Institution For Svgs
Aug 27, 2013
—
Parker Development LLC
—
Deed Of Trust
related
$121,000 · Sanford Institute For Savings
Dec 4, 2012
—
Sylvain Theriault
Parker Dev LLC
Warranty Deed
related
—
—
—
Parker Dev LLC
—
Deed Of Trust
related
$50,000 · Partners Bk/new England
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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