Financial
Distress signals
Property profile

743 North Berwick Rd Wells, ME 04090

FOR SALE
Commercial real estate
Property ID
US42-0459100
2,200 SF 2.57 ac lot Built 1986
Last sale Feb 2005 · $300,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$726k
Assessed land$227k
Assessed improvement$499k
Effective rate0.60%

Value estimate

· Sep 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$40k
Vacancy & credit loss−$4k
Operating expenses−$9k
NOI · 3.13% cap applied$27k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$277/SF
County average, outlier-cleaned · 134 recorded sales of this use type
Observed band · Q1–Q3$126 – $447
Qualifying comparables7

Cap rate analysis

How does the asset earn?
3.13%
$27k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R
Rural District. A. Purpose. The purpose of the Rural District is to maintain the open, rural character of the land within the district. O...
General categoryRESIDENTIAL
JurisdictionWELLS

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop8.7
Plumbing Service8.7
Storage Facility8.4

Location

743 North Berwick Rd Wells, ME 04090
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1907 Sanford, Wells, ME 04090-6437 $335,000 Jan 2026 6,000 SF
345 Mile, Wells, ME 04090 $1,000,000 Jan 2026 624 SF
1692 Berwick, Wells, ME 04090-7105 $499,000 Sep 2024 1,352 SF
614 Post, Wells, ME 04090-4022 $1,150,000 Oct 2023 1,408 SF
1404 Post, Wells, ME 04090-4508 $2,050,000 Feb 2023 2,942 SF
876 Post, Wells, ME 04090-4106 $2,250,000 Aug 2022 3,248 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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