Property profile

38 Hubbard Ln Wells, ME 04090

OFF-MARKET
Other retail properties
Property ID
US42-0003960
2,000 SF 1.1 ac lot Built 2003
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This mixed-use property includes a 3,920-square-foot building on a 1.1-acre lot. The second floor contains a three-bedroom, one-bath apartment with an eat-in kitchen and multiple access points. The first floor provides a large office area with multiple rooms, a small kitchen, and a half bath, also served by multiple access points. A high-bay garage area has high ceilings and fourteen-foot garage doors suitable for large trucks; the garage bay is heated with radiant heat, while the residential portion is heated by a central forced hot water system. A central air conditioning unit serves the property for summer comfort. The building is located approximately one-quarter mile from the Wells turnpike exit, providing access to I-95.

Property profile

Verified
Property type Other retail properties
Use group DEPARTMENT STORE
Year built 2003
Construction FRAME
Total area 2,000 SF
Lot 1.1 ac (47,916 SF)
Zoning code RC
APN WLLS M:049 L:34-A
UPID US42-0003960

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
  • (Bike/Boat/Book/etc) Store

Location

38 Hubbard Ln Wells, ME 04090-6073
Wells metro Census 34002 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2026
Last sale
$700,000
4 recorded transactions
2026
$700,000
2018
Price N/A
2012
Price N/A
2007
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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