Building Details

Year built 1986

Flooring type Concrete

Building materials Shingle Siding

Roof type Asphalt

Listing Agency: Gibson Sotheby's International Realty Show Phone

Listed By: Keith W Bradley Show Phone

Added: Jun 11, 2025 Changed: Sep 5 Last Checked: Oct 7 at 9:06AM

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MLS# 22502876

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 medical office suite contains 1,123 square feet within a building constructed in 1986. The space is offered in as-is condition, allowing for interior updates suited to the next occupant. Existing building features include concrete flooring, shingle siding, an asphalt roof, natural-gas heating, public water, and a water heater.

The property is located at 212 Orleans Road in North Chatham, Massachusetts. Its corner position, available parking, and convenient access support practical day-to-day office operations. The suite is suited to a medical office user seeking an established commercial setting with the ability to customize the interior.

Key Highlights

• 1,123‑square‑foot medical office suite
• Corner position with on‑site parking
• Constructed in 1986

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,610

Cap Rate

4.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$472,200 $472.2K

Cap Rate 7%

$337,286 $337.3K

Cap Rate 9%

$262,333 $262.3K

Market Conditions

NOI Build-Up for 1,123 SF

Gross rent

$39.3K $35.04/SF

− Vacancy

−$7.9K −$7.01/SF

EGI

$31.5K $28.03/SF

− OpEx

−$7.9K −$7.01/SF

NOI

$23.6K $21.02/SF

Area

Barnstable County, MA

Vacancy

20.00%

Lease Rate

$35.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$472,200

Cap Rate 7%

$337,286

Cap Rate 9%

$262,333

Alternative Uses

Best Use

Office B

$337.3K

$295.1K – $393.5K (±1% cap)

NOI $23,610 @ 7.0% cap · market cap 4.87%

Second Best

Healthcare Medical

$226.8K

$198.5K – $264.6K (±1% cap)

NOI $15,876 @ 7.0% cap · market cap 3.27%

Theoretical Best

Office A

$457.6K

$400.4K – $533.9K (±1% cap)

NOI $32,034 @ 7.0% cap · market cap 6.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

158

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 02650, MA

829

Population

808

Households

1

Avg Household Size

67

Median Age

58%

College-Educated

97%

High-School Grad

1.4 sq mi

ZIP Area

592

Density / Sq Mi

$65,982

Median Household Income

$52,885

Median Earnings

$973,800

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Medical Office Space - This corner suite provides on-site parking and straightforward access from Orleans Road.

Where is this medical office space located?

The property is located at 212 Orleans Road North Chatham, MA.

What is the asking price?

The asking price for this property is $485,000.

What are key features of this property?

This property features: 1,123‑square‑foot medical office suite; Corner position with on‑site parking; Constructed in 1986