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    Property profile & analytics

    124 Post Rd Wells, ME 04090

    • Turn key restaurants
    • 5,024 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    $1,440,000
    Last Sale
    Jan 29, 2024
    $1,450,000
    Location Intelligence
    Property ID
    US42-0533947
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The New England House Seafood & Sports Bar / Seafood Restaurant / Restaurant

    Property Details for 124 Post Rd

    Year built
    1981
    Construction
    FRAME
    Lot size
    0.54 lot acres
    Property size
    5,024 SF
    Zone code
    GB
    Property type
    Turn key restaurants
    APN
    WLLS M:105 L:7
    APU
    WLLSM105L7

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,310,000
      6.5%
      $1,415,000
      7%
      $1,425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,365,000
      Geo Method
      $1,505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,225,000
      Retail
      $1,335,000
      Mixed-Use
      $1,415,000
      Hospitality
      $1,420,000
      Educational
      $1,520,000
      Residential Income
      $1,230,000
      Energy
      $1,325,000
      Income-Based Land
      $1,550,000
      Food Service
      $1,275,000

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.5978
    Latitude
    43.2751
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,338
    $427,880
    $635,490
    $1,063,370
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $325,000
      1,200 SF

      907 Post Rd

      RESTAURANT • 1,200 SF
      907 Post Rd, Wells, ME 04090
      View Details
    • Value Estimation
      $1,740,000
      4,464 SF

      1637 Post Rd

      RESTAURANT • 4,464 SF
      1637 Post Rd, Wells, ME 04090-4608
      View Details
    • Value Estimation by Request
      5,728 SF

      1090 Post Rd

      RESTAURANT • 5,728 SF
      1090 Post Rd, Wells, ME 04090-4500
      View Details
    • Value Estimation
      $325,000
      2,092 SF

      231 Post Rd

      RESTAURANT • 2,092 SF
      231 Post Rd, Wells, ME 04090-3810
      View Details
    • Value Estimation
      $400,000
      3,672 SF

      992 Post Rd

      RESTAURANT • 3,672 SF
      992 Post Rd, Wells, ME 04090-4108
      View Details
    • Value Estimation
      $330,000
      2,144 SF

      139 Post Rd

      RESTAURANT • 2,144 SF
      139 Post Rd, Wells, ME 04090-3866
      View Details

    Similar Nearby for Sale

    • $685,000
      3,447 SF

      Turn-Key Restaurant Opportunity

      Beloved local restaurant with outdoor seating and equipped kitchen.
      557 Coles Hill Rd, Wells, ME 04090
      View Details
    • $749,000
      2,079 SF

      Prime Wells, ME Retail Site

      Vacant, 2,079 SF, High Visibility
      910 Post Rd, Wells, ME 04090
      View Details
    • $750,000
      3,447 SF

      Merriland Farms Restaurant: Wells, ME

      Turn-key Restaurant, Established Clientele
      557 Coles Hill Rd, Wells, ME 04090
      View Details
    • $1,695,000
      8,684 SF

      Restaurant and Residential Property in Wells

      Two-story building with restaurant, event space, and residential condo.
      60 Mile Rd, Wells, ME 04090
      View Details
    • $975,000
      5,458 SF

      Unique Retail Building Opportunity

      Iconic retail building with expansion potential on 0.92 acres.
      259 Post Rd, Wells, ME 04090
      View Details
    • $725,000
      2,678 SF

      Mixed-Use Property with Residential Living

      Mixed-use property with business space and residential home.
      417 Sanford Rd, Wells, ME 04090
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      11,104 SF

      Retail Space on US Route 1

      Retail space with drive-thru and ample parking available for lease.
      1036 Post Rd, Wells, ME 04090
      View Details
    • $1,700,000
      1,500 SF

      Sanford Road Automotive Repair Space

      Automotive repair space with lifts and ample parking available forrent.
      209 Sanford Rd, Wells, ME 04090
      View Details
    • Contact for pricing
      1,676 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
      93,263 SF

      Wells Plaza Retail Space Available

      Prime Retail Space, Route 1 Visibility
      40-75 Wells Plz, Wells, ME 04090
      View Details
    • $17 SF/Yr
      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
    • $7 SF/Yr
      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
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    124 Post Rd
    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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