Technical
Financial
Distress signals
Property profile

393 Mile Rd Wells, ME 04090

OFF-MARKET
Motels
Property ID
US42-0141197
19,921 SF 0.79 ac lot Built 1988
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1988
Construction FRAME
Total area 19,921 SF
Lot 0.79 ac (34,376 SF)
Zoning code BB
APN WLLS M:122 L:92
UPID US42-0141197

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
  • Hotel & Motel Resort
  • Hotel & Motel Resort
  • Hotel & Motel
  • Specialty Food Shop Candy Store
  • Shopping Center & Mall

Location

393 Mile Rd Wells, ME 04090-4140
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
$3.71M
Comparable Approach Comparable
$7.65M
Blend (final) Blend
$1.35M

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
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
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 393 Mile 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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message