Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$450,000
Motels
1373 Post Rd Wells, ME 04090-4516
Individually Owned
Property ID
US42-0756324
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Construction
FRAME
Total area
10,426 SF
Lot
0.11 ac (4,682 SF)
Zoning code
GB
APN
WLLS M:129 L:32-A-1
UPID
US42-0756324
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
Current use
Occupant on record · Public records
-
Village by the Sea Hotel & Motel
-
Bob & Pam condo Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.95M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$450k
Owner & transaction history
Stephen Griffin Ret
Stephen Griffin Ret
since 2026
7 recorded transactions
Zoning & alternative use
GB · Wells, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ance shall take effect upon enactment by the Town Meeting. (6) 6-11-2024: to change portions of Tax Map 133, Lot 25 and Tax Map 134, Lot 24 from the Residential Commercial District (RC) to the General Business District (GB). This ordinance shall take effect upon adoption by the Town Meeting. § 145-18 Interpretation of district boundaries. Where uncertainty e…
Zone name
General Business
General category
COMMERCIAL
Zone area
950.65 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,105,000
6.5%
$1,945,000
7%
$1,805,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,895,000
Change: -19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,890,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$450k
Range $405k – $495k · ±10%
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
$43 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,341
Tax year 2023
Assessed value
$1,399,550
Assessed 2023
Previous assessed
$623,130
+124.6% YoY
Effective rate
0.60%
On assessed value
Assessed land
$164,990
Assessed improvement
$1,234,560
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
71
Total area
10,426 SF
Lot
0.11 ac (4,682 SF)
Zoning code
GB
APN
WLLS M:129 L:32-A-1
UPID
US42-0756324
Jurisdiction
WELLS
Zoning & alternative use
GB · Wells, MEZoning GB · permitted uses
GB · Wells, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ance shall take effect upon enactment by the Town Meeting. (6) 6-11-2024: to change portions of Tax Map 133, Lot 25 and Tax Map 134, Lot 24 from the Residential Commercial District (RC) to the General Business District (GB). This ordinance shall take effect upon adoption by the Town Meeting. § 145-18 Interpretation of district boundaries. Where uncertainty exists concerning district boundaries as shown upon the above maps, the following r
Zone name
General Business
General category
COMMERCIAL
Zone area
950.65 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
71
Lot
0.11 ac
Current owner
From public records · entity-resolved
Stephen Griffin Ret
Individual
Mailing address
PO BOX 1107, WELLS, ME 04090-1107
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2026
$399,900
Stephen Griffin Ret
Brett Heymann Ret
Warranty Deed
—
Apr 21, 2026
$112,500
Brown Dennis
Richardson Travis
Warranty Deed
$90,000 · Partners Bank/ca
Mar 30, 2026
$390,000
Robert S Mccaffrey
The Dickson Langenfeld LLC
Warranty Deed
—
Mar 23, 2026
$375,000
C & Karissa L Frost Jret
Jenny Sutedjo Senosk
Warranty Deed
$300,000 · Saco & Biddeford Savings
Jul 10, 2009
—
Jeffrey J Witts
Keenan,arthur L JR
Warranty Deed
$115,700 · Kennebunk Savings Bank
Nov 24, 2008
—
Michael A Dobridnia T
—
Deed Of Trust
related
$5,000 · Misc Other
May 15, 2007
—
Pamela F Bickmore
—
Deed Of Trust
related
$60,000 · Ocean National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1373 Post Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
