Leased Retail Building with
For Sale
$1,850,000
303 Orleans Road, North Chatham, MA 02650
COMMERCIAL - North Chatham, MA
Property Size5,101 SF
Lot Size0.92 Acres
Price / SF$362.67
Days on Market48
Property Features for 303 Orleans Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
GB3
Security features
Security Lighting
Appliances
Water Heater
Lot features
Level
Elementary school district
Monomoy
Middle school district
Monomoy
High school district
Monomoy
Directions
From rotary head North on Old Harbor Rd to traffic lights. Left on Orleans Rd to #303 on your left.
Subdivision
Chatham
Standard status
Active
APN
CHAT M:0014I B:0040 L:0015-0
Size
5,101 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3968
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1963
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Building materials
Wood Frame, Clapboard, Shingle Siding
Roof type
Asphalt
Listing Agency:
William Raveis Real Estate & Home Services
(508) 945-7777
Listed By:
Ward H Brown, III
(508) 237-1112
Added: Jun 15
Changed: Jul 12
Last Checked: Aug 1 at 2:06PM
MLS# 22602912
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.
Well-maintained 5,101 sf retail building featuring three units, all currently on leases. The property is offered as real estate only and has been updated with a range of recent improvements, including the roof, paved parking lot, signage, siding, and landscaping. Plenty of parking supports customer access and day-to-day operations.
Located at 303 Orleans Road on Rte 28 in North Chatham, MA, the building offers visibility from the roadway. One tenant has a right of first refusal. Please respect tenants and patrons’ privacy.
Located at 303 Orleans Road on Rte 28 in North Chatham, MA, the building offers visibility from the roadway. One tenant has a right of first refusal. Please respect tenants and patrons’ privacy.
Key Highlights
- Very well maintained 5,101 SF commercial building on Rte 28 in North Chatham
- Three income‑producing units, all currently on leases (real estate only)
- Recent upgrades include roof, paved parking lot, signage, siding, and landscaping
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 | $153.0k | $30.00 |
| − Vacancy | −$3.4k | −$0.66 |
| EGI | $149.7k | $29.34 |
| − OpEx | −$44.9k | −$8.80 |
| NOI | $104.8k | $20.54 |
5,101 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,764 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,508 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Under-served
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained 5,101 sf retail building with three leased units, recent roof, parking, signage, siding, and landscaping upgrades.
Where is this shopping center located?
The property is located at 303 Orleans Road North Chatham, MA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Very well maintained 5,101 SF commercial building on Rte 28 in North Chatham; Three income‑producing units, all currently on leases (real estate only); Recent upgrades include roof, paved parking lot, signage, siding, and landscaping
