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    Turnkey Rental Investment Opportunity Title is generated by Realmo AI

    156 Teaticket Highway, Falmouth, MA 02540

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    Claim this Listing
    For Sale
    $2,300,000

    COMMERCIAL - Falmouth, MA

    Property size:
    5,760 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $399/SF
    Added:
    Nov 3, 2025
    Days on Market:
    195
    Last Refresh:
    May 17 at 3:06 pm

    Property Features for 156 Teaticket Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Basement
    Finished
    Appliances
    Tankless Water Heater
    Standard status
    Active
    APN
    FALM 39 S:23 P:011 L:000
    Size
    5,760 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9515

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2003
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Shingle Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Mike Valentine

    Listing agent Mike Valentine

    Listing office Premier Commercial 1645 Falmouth Road, Building G, Centerville, MA

    Listing date Nov 3, 2025

    MLS# 22505493

    Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey, fully furnished 6‑bedroom home, ready for immediate rental income or personal use.
    • Prime location: Less than a mile from Falmouth Heights Beach, the Island Queen Ferry, and downtown Falmouth.
    • Includes a private 2‑bedroom, 2‑bath apartment with separate entrance for guests or additional rental income.
    • Unique post‑and‑beam construction with exposed beams, high ceilings, and distinctive architectural details.
    • Extensive outdoor living space: 800+\/- SF patio with built‑in seating, fire pit, fenced yard, and two outdoor showers.
    • Features a full Yoga studio on the second floor.

    Overview

    This fully furnished property, spanning over 6,000 square feet, presents a turnkey rental investment opportunity. The home includes 6 bedrooms, 4 bathrooms, 2 living rooms, an open kitchen, a dining area, and office space. Architectural features include exposed beams and high ceilings. There are also two large bunk rooms and a secondary TV lounge. Outdoor amenities include an 800+ square foot patio with built-in seating, a fire pit, a fenced yard, and two outdoor showers. A private 2-bedroom, 2-bath apartment with a separate entrance provides flexibility for guests or rental income. The second floor features a full yoga studio. Situated less than a mile from Falmouth Heights Beach and the Island Queen Ferry, the property is in a prime location near beaches, the ferry, and downtown Falmouth. The property sits on a 0.32-acre lot. It is suitable for continued short-term rental, use as a family compound, or multi-unit living. It is offered fully furnished and ready for immediate use or income generation. The property's proximity to the beach, ferry, and downtown Falmouth ensures lasting desirability.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $1.28M
    NOI $115,420 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.65M
    NOI $115,420 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.31M
    NOI $115,420 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $216.3k $37.56
    − Vacancy −$6.5k −$1.13
    EGI $209.9k $36.43
    − OpEx −$94.4k −$16.39
    NOI $115.4k $20.04
    5,760 SF · lease $37.56/SF/yr · vacancy 3.00% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $1.65M
    $1.44M – $1.92M (±1% cap)
    NOI $115,420 @ 7.0% cap · market cap 5.02%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.35M
    $2.05M – $2.74M (±1% cap)
    NOI $164,307 @ 7.0% cap · market cap 7.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Falmouth
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.596487
    Latitude
    41.564527

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    FAQs

    What type of property is this?
    Short term rental property - Fully furnished 6-bedroom home near Falmouth Heights Beach.
    Where is this short term rental property located?
    The property is located at 156 Teaticket Highway Falmouth, MA.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Turnkey, fully furnished 6‑bedroom home, ready for immediate rental income or personal use.; Prime location: Less than a mile from Falmouth Heights Beach, the Island Queen Ferry, and downtown Falmouth.; Includes a private 2‑bedroom, 2‑bath apartment with separate entrance for guests or additional rental income.
    (508) 958-6927
    We can help!
    Listing Contact
    Mike Valentine
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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