Mixed-Use Retail and
21 S Orleans Road Orleans, MA 02653
For Sale
$1,350,000
COMMERCIAL - Orleans, MA
Property Size4,416 SF
Lot Size0.46 Acres
Price / SF$305.71
Days on Market104
Property Features for 21 S Orleans Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Basement
Partial
Appliances
Water Heater
Standard status
Active
APN
ORLE M:026.0 B:0067 L:0000.0
Size
4,416 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7994
Utilities
Heating system
Oil
Water source
Public
Building Details
Year built
1840
Floors in Building
3
Flooring type
Carpet, Laminate, Wood
Building materials
Shingle Siding
Roof type
Asphalt
Listing Agency:
Kinlin Grover Compass
(508) 255-3001
Listed By:
Tracey E Oringer
(508) 292-9775
Added: Apr 16
Changed: Jul 12
Last Checked: Jul 28 at 7:06AM
MLS# 22601510
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.
Investment Insights
Based on property information with market context.
This stately Orleans landmark offers a mixed-use configuration with retail space at street level, two upstairs apartments, and a walk-out lower level. The sale is for the land and building only, not a business. The retail area overlooks Route 28 at the front and includes office and break room areas, with street-level entry. There are two residential units upstairs, one with two bedrooms and one with one bedroom, and both are described as having water views. The walk-out lower level provides approximately 600 additional square feet that can be used as office or storage space.
The property includes ample parking with capacity for 15 spaces and is described as positioned for visibility from busy Route 28, with Town Cove noted at the rear.
Total building size is 4,416 square feet, sitting on a 0.46-acre lot.
The property includes ample parking with capacity for 15 spaces and is described as positioned for visibility from busy Route 28, with Town Cove noted at the rear.
Total building size is 4,416 square feet, sitting on a 0.46-acre lot.
Key Highlights
- 1840‑built mixed‑use building with shingle siding and an asphalt roof
- Multi‑use layout: street‑level retail plus 2 upstairs apartments (one 2‑bedroom, one 1‑bedroom)
- 2 apartments include water views
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.5k | $30.00 |
| − Vacancy | −$2.9k | −$0.66 |
| EGI | $129.6k | $29.34 |
| − OpEx | −$38.9k | −$8.80 |
| NOI | $90.7k | $20.54 |
4,416 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.30M
$1.13M – $1.51M
NOI $90,696 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$1.26M
$1.11M – $1.47M
NOI $88,489 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,968 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Fancy Flowers By Meredith — 6 Gesner Rd, Orleans, MA 02653
- Stop & Shop Florist — Orleans, MA 02653
- Bloom Florist & Gift Shop — Orleans, MA 02653
- Fancy Flowers — 6 Gesner Rd, Orleans, MA 02653
Frequently Asked Questions
What type of property is this?
Storefront property - Landmark mixed-use building includes street-level retail, two upstairs apartments, and a walk-out lower level with office or storage.
Where is this storefront property located?
The property is located at 21 S Orleans Road Orleans, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1840‑built mixed‑use building with shingle siding and an asphalt roof; Multi‑use layout: street‑level retail plus 2 upstairs apartments (one 2‑bedroom, one 1‑bedroom); 2 apartments include water views
