Technical
Financial
Distress signals
Property profile

2 Ledge Ln Wells, ME 04090

OFF-MARKET
Motels
Property ID
US42-0284595
4,044 SF 0.17 ac lot Built 1966
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1966
Construction FRAME
Total area 4,044 SF
Lot 0.17 ac (7,500 SF)
Zoning code BB
APN WLLS M:122 L:144
UPID US42-0284595

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2 Ledge Ln Wells, ME 04090
Wells metro Census 34005 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.66M
Blend (final) Blend
$635k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

BB · Wells, ME
Zoning description

lishment of districts. [Amended 4-16-2004 ; 11-7-2023 ] To implement the provisions of this chapter, the Town of Wells is divided into the following districts: AP Aquifer Protection District GB General Business District…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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