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    Property profile & analytics

    586 Quarry Rd Wells, ME 04090-6900

    • Retail properties
    • 2,361 SF
    • 2.30 lot acres
    OFF-MARKET
    Value Estimation
    $1,105,000
    Last Sale
    Oct 01, 2024
    $1,077,500
    Location Intelligence
    Property ID
    US42-0475613
    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

    • Meserve's Market / Takeout Restaurant / Beer Store
    • AppleWood Smoke Deli & Convenience / Convenience Store / Deli
    • ATM / Atm

    Property Details for 586 Quarry Rd

    Year built
    1986
    Construction
    FRAME
    Lot size
    2.30 lot acres
    Property size
    2,361 SF
    Zone code
    R
    Property type
    Retail properties
    APN
    WLLS M:037 L:2-13
    APU
    WLLSM037L213

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,080,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,010,000
      6.5%
      $990,000
      7%
      $1,115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,180,000
      Geo Method
      $1,130,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,135,000
      Retail
      $1,290,000
      Mixed-Use
      $1,080,000
      Hospitality
      $1,310,000
      Educational
      $1,270,000
      Residential Income
      $1,045,000
      Energy
      $1,280,000
      Income-Based Land
      $965,000
      Food Service
      $1,280,000

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.7054
    Latitude
    43.3377
    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
    $2,971
    $231,510
    $266,970
    $498,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $385,000
      2,542 SF

      718 Post Rd

      DEPARTMENT STORE • 2,542 SF
      718 Post Rd, Wells, ME 04090-4102
      View Details
    • Value Estimation
      $355,000
      2,232 SF

      223 Post Rd

      DEPARTMENT STORE • 2,232 SF
      223 Post Rd, Wells, ME 04090-3810
      View Details
    • Value Estimation
      $300,000
      1,680 SF

      1217 Post Rd

      DEPARTMENT STORE • 1,680 SF
      1217 Post Rd, Wells, ME 04090-4514
      View Details
    • Value Estimation
      $220,000
      2,448 SF

      974 Post Rd

      DEPARTMENT STORE • 2,448 SF
      974 Post Rd, Wells, ME 04090-4108
      View Details
    • Value Estimation
      $380,000
      6,784 SF

      1785 Post Rd

      DEPARTMENT STORE • 6,784 SF
      1785 Post Rd, Wells, ME 04090
      View Details
    • Value Estimation
      $370,000
      5,458 SF

      259 Post Rd

      DEPARTMENT STORE • 5,458 SF
      259 Post Rd, Wells, ME 04090
      View Details

    Similar Nearby for Sale

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      Iconic retail building with expansion potential on 0.92 acres.
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      Beloved local restaurant with outdoor seating and equipped kitchen.
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    Similar Nearby for Lease

    • $1,700,000
      1,500 SF

      Sanford Road Automotive Repair Space

      Automotive repair space with lifts and ample parking available forrent.
      209 Sanford Rd, Wells, ME 04090
      View Details
    • Contact for pricing
      1,676 SF

      Retail Space in Wells Plaza

      1,676± SF retail space available for lease.
      75 Wells Plz, Wells, ME 04090
      View Details
    • Contact for pricing
      93,263 SF

      Wells Plaza Retail Space Available

      Prime Retail Space, Route 1 Visibility
      40-75 Wells Plz, Wells, ME 04090
      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.
      1036 Post Rd, Wells, ME 04090
      View Details
    • $17 SF/Yr
      1,500 SF

      Retail Space in Colonial Square

      Commercial space for lease with high traffic and visibility.
      952 Post Rd, Wells, ME 04090
      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 04090-6900
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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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