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Property profile & analytics
OFF-MARKET
Auto shops
66 Riverside Dr Wells, ME 04090-4363
Trust Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0252521
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1946
Total area
3,579 SF
Lot
0.12 ac (5,360 SF)
Zoning code
RB
APN
WLLS M:132 L:12
UPID
US42-0252521
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lunt,mary J Trust · 8 yrs held
Lunt,mary J Trust
since 2018
4 recorded transactions
Zoning & alternative use
RB · Wells, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
o the following districts: AP Aquifer Protection District GB General Business District BB Beach Business District H Harbor District LI Light Industrial District QM Quarry Manufacturing District RA Residential A District RB Residential B District RC Residential/Commercial District RD Residential Drakes Island District RP Resource Protection District R Rural D…
Zone name
Residential B District
General category
COMMERCIAL
Zone area
258.06 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wells submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wells submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,833
Tax year 2023
Assessed value
$1,482,030
Assessed 2023
Previous assessed
$946,220
+56.6% YoY
Effective rate
0.60%
On assessed value
Assessed land
$757,900
Assessed improvement
$724,130
Applied tax rate
81,475.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
2
Bathrooms
5
Total area
3,579 SF
Lot
0.12 ac (5,360 SF)
Zoning code
RB
APN
WLLS M:132 L:12
UPID
US42-0252521
Jurisdiction
WELLS
Zoning & alternative use
RB · Wells, MEZoning RB · permitted uses
RB · Wells, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
o the following districts: AP Aquifer Protection District GB General Business District BB Beach Business District H Harbor District LI Light Industrial District QM Quarry Manufacturing District RA Residential A District RB Residential B District RC Residential/Commercial District RD Residential Drakes Island District RP Resource Protection District R Rural District MPO Mobile Home Park Overlay District SLO Shoreland Overlay District TC Tr
Zone name
Residential B District
General category
COMMERCIAL
Zone area
258.06 ac
Building & site characteristics
From public records
Year built
1946
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
2
Bathrooms
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Lunt,mary J Trust
Trust
Mailing address
55 HOSMER ST, WEST BOYLSTON, MA 01583-1532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2020
—
Andrew A Beardsley
—
Deed
related
$300,000 · Camden National Bank
Jun 8, 2020
—
Andrew A Beardsley
—
Deed
related
$300,000 · Camden National Bank
Mar 21, 2018
—
Lunt,mary J Trust
Lunt John R Trust
Quit Claim Deed
$556,000 · Camden Nat'l Bk
—
—
66 Riverside Drive LLC
—
Deed Of Trust
related
$556,000 · Camden Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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