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    Property profile & analytics

    743 N Berwick Rd Wells, ME 04090

    • Commercial real estate
    • 2,200 SF
    • 2.57 lot acres
    For Sale
    View listing
    $859,900
    Value Estimation
    Location Intelligence
    Property ID
    US42-0459100
    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

    • Commercial real estate

    Property Details for 743 N Berwick Rd

    Year built
    1986
    Construction
    FRAME
    Lot size
    2.57 lot acres
    Property size
    2,200 SF
    Zone code
    R
    Property type
    Commercial real estate
    APN
    WLLS M:040 L:5-B
    APU
    WLLSM040L5B

    Description

    This exceptional commercial property, located at 743 N North Berwick Road in Wells, Maine, presents a unique investment opportunity. The 2,200 square foot building sits on a generous 2.57-acre lot and is ideally situated in a high-traffic area, ensuring excellent visibility and accessibility for customers. Currently configured as a pizza restaurant, the property is equipped with a fully functional kitchen and a spacious dining area, ready for immediate use or adaptation to suit a variety of businesses. The ample parking, providing 28 spaces, caters to the needs of both staff and patrons. The building itself boasts modern amenities, making it a turn-key operation for a savvy entrepreneur. This property offers significant potential for growth and profitability within the vibrant Wells, Maine market. Its prime location and versatile layout make it an attractive option for a wide range of commercial ventures. The substantial lot size also allows for future expansion or development, adding further value to this already compelling investment. Don't miss this chance to own a thriving commercial space in one of Maine's most desirable towns.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $290,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $245,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $255,000
      Mixed-Use
      $240,000
      Hospitality
      $250,000
      Educational
      $245,000
      Residential Income
      $255,000
      Energy
      $220,000
      Income-Based Land
      $255,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.6514
    Latitude
    43.3173
    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
    $4,328
    $226,850
    $499,330
    $726,180
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

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      23 College Dr

      COMMERCIAL (GENERAL) • 2,730 SF
      23 College Dr, Wells, ME 04090-5342
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    • Value Estimation
      $500,000
      1,352 SF

      1692 Berwick Rd

      COMMERCIAL (GENERAL) • 1,352 SF
      1692 Berwick Rd, Wells, ME 04090-7105
      View Details
    • Value Estimation by Request
      1,840 SF

      346 Atlantic Ave

      COMMERCIAL (GENERAL) • 1,840 SF
      346 Atlantic Ave, Wells, ME 04090-4315
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    • Value Estimation
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      3,248 SF

      876 Post Rd

      COMMERCIAL (GENERAL) • 3,248 SF
      876 Post Rd, Wells, ME 04090-4106
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    • Value Estimation by Request
      3,780 SF

      1677 Post Rd

      COMMERCIAL (GENERAL) • 3,780 SF
      1677 Post Rd, Wells, ME 04090-4608
      View Details

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    Similar Nearby for Lease

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    • $20 SF/Yr
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    Wells, ME 04090
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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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