Technical
Financial
Distress signals
Property profile

222 Berwick Rd Wells, ME 04090

OFF-MARKET
Investment properties
Property ID
US42-0903747
1,722 SF 2.25 ac lot Built 1953
Entity Owned 10-yr Hold Absentee Owner
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1953
Total area 1,722 SF
Lot 2.25 ac (98,010 SF)
Zoning code RC
APN WLLS M:049 L:47
UPID US42-0903747

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

222 Berwick Rd Wells, ME 04090-6802
Wells metro Census 34002 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2016
3 recorded transactions
2016
Price N/A
2010
Price N/A
2006
Price N/A

Zoning & alternative use

RC · Wells, ME
Zoning description

Residential-Commercial District. [ 4-28-1995 ; 10-6-1998 ; 4-16-1999 ; 11-7-2000 ; 4-12-2003 ; 6-13-2006 [1] ; 6-8-2010 ; 6-14-2011 ; 6-11-2013 ; 11-5-2013 ; 6-9-2015 ; 6-13-2017 ; 6-8-2021 ; 6-13-2023 ; 6-11-2024 ; 11-5…

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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