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    Property profile & analytics

    1642 Berwick Rd Wells, ME 04090-7105

    • Investment properties
    • 1,116 SF
    • 2.33 lot acres
    OFF-MARKET
    Value Estimation
    $510,000
    Last Sale
    Jun 17, 2022
    $435,000
    Location Intelligence
    Property ID
    US42-0897933
    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

    • Investment properties

    Property Details for 1642 Berwick Rd

    Year built
    2002
    Lot size
    2.33 lot acres
    Property size
    1,116 SF
    Zone code
    R
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WLLS M:022 L:13-1
    APU
    WLLSM022L131

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $555,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $460,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $440,000
      Retail
      $380,000
      Mixed-Use
      $390,000
      Hospitality
      $490,000
      Educational
      $380,000
      Residential Income
      $415,000
      Energy
      $395,000
      Income-Based Land
      $455,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.6864
    Latitude
    43.3066
    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
    $2,326
    $119,410
    $270,930
    $390,340
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      12,556 SF

      636 Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 12,556 SF
      636 Post Rd, Wells, ME 04090-4022
      View Details
    • Value Estimation
      $335,000
      2,788 SF

      1720 Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,788 SF
      1720 Post Rd, Wells, ME 04090
      View Details
    • Value Estimation
      $4,705,000
      1,024 SF

      191 Tatnic Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,024 SF
      191 Tatnic Rd, Wells, ME 04090-4911
      View Details
    • Value Estimation
      $335,000
      3,519 SF

      6 Eldridge Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,519 SF
      6 Eldridge Rd, Wells, ME 04090-4046
      View Details
    • Value Estimation
      $345,000
      3,096 SF

      1274 Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,096 SF
      1274 Post Rd, Wells, ME 04090-4504
      View Details
    • Value Estimation
      $290,000
      1.29 Acres

      953 Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.29 Acres
      953 Post Rd, Wells, ME 04090-4115
      View Details

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    Similar Nearby for Lease

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      Automotive repair space with lifts and ample parking available forrent.
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    • Contact for pricing
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    • Contact for pricing
      93,263 SF

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      Prime Retail Space, Route 1 Visibility
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      View Details
    • $20 SF/Yr
      11,104 SF

      Retail Space on US Route 1

      Retail space with drive-thru and ample parking available for lease.
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      View Details
    • $17 SF/Yr
      1,500 SF

      Retail Space in Colonial Square

      Commercial space for lease with high traffic and visibility.
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      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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    Wells, ME 04090-7105
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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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