Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    32 Locust Rd Orleans, MA 02653

    Sponsored
    For Sale
    Pending
    $579,000

    LAND - Orleans, MA

    Lot size:
    3.78 Acres
    Days on Market:
    240
    Last Refresh:
    Feb 23 at 3:06 pm

    Property Features for 32 Locust Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    25-32-0
    Lot size
    3.78 Acres

    Utilities

    Sewer type
    Public Sewer
    Water front
    1

    We can help!

    Listing Contact
    Nadine L Magazu

    Kinlin Grover Compass (508) 747-0080

    Listing agent Nadine L Magazu (508) 525-0101

    Listing date Jun 29, 2025

    MLS# 22501960

    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.

    Learn more

    Property Insight Report

    Overview

    Waterfront Land in Orleans, MA

    This 3.78-acre waterfront parcel is located in Orleans, MA, and is suited for nature enthusiasts and those seeking privacy. The land is ideal for kayaking, canoeing, and wildlife observation. Its in-town location provides convenient access to walking, biking, restaurants, shopping, and a farmers' market. The bike trail is located 2/10ths of a mile away, and Rock Harbor, where sunsets can be viewed, is just under a mile away. The property, which has been in the same family for over 100 years, offers a tranquil and natural setting. The land abuts both Cedar Pond Drive and Locust Road and is suitable for a home with a minimum of 4 bedrooms. Town water and town sewer are available at the street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Orleans
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -69.992692
    Latitude
    41.793351

    Nearby Similar for Sale

    • $3,900,000
      14,341 SF

      Orleans Office Building For Sale

      14,340 SF office building on 2.6+ acres in Orleans.
      8 Cardinal Ln, Orleans, MA 02653
      View Details
    • $2,150,000
      3,843 SF

      Orleans Mixed-Use Investment Opportunity

      Three parcels in Orleans Village Center District with mixed-use potential.
      88 Route 6A, Orleans, MA 02653
      View Details
    • $999,990
      Pending

      Orleans Waterfront Lot For Sale

      Saltwater front lot with access to Little Pleasant Bay.
      7 Lockwood Ln, Orleans, MA 02653
      View Details
    • $1,800,000
      1,920 SF

      Orleans Commercial/Industrial Flex Space

      Versatile commercial property suitable for storage, manufacturing, or service operations.
      9 Rayber Rd, Orleans, MA 02653
      View Details
    • $1,900,000
      Pending

      Iconic Orleans Property with Potential

      East Orleans property with high visibility and ample parking.
      212 Main St, Orleans, MA 02653
      View Details
    • $695,000
      3,670 SF

      Iconic Cape Cod Lantern Business

      Historic lantern business for sale in Orleans Village.
      48 Main St, Orleans, MA 02653
      View Details
    • $550,000
      Pending

      Orleans, MA Land Opportunity

      0.74 acre lot near Crystal Lake with redevelopment potential.
      6 Apple Way, Orleans, MA 02653
      View Details
    • $1,399,000
      3,595 SF

      Orleans Office Condo For Sale

      3,595 SF commercial condo in the heart of Orleans.
      32 Main St, Orleans, MA 02653
      View Details
    • $1,300,000

      Orleans Village Center Commercial Property

      Commercial property in excellent condition with expansion potential.
      12 Main St, Orleans, MA 02653
      View Details
    • $199,000

      Established Italian Kitchen & Market

      Profitable Italian restaurant and market business for sale.
      15 Cove Rd, Orleans, MA 02653
      View Details
    • Contact for pricing
      1,694 SF

      Orleans Commercial Property w/ Business

      Established Business, Industrial Bays, High Growth Potential
      85 Rayber Rd, Orleans, MA 02653
      View Details
    • Contact for pricing
      3,670 SF

      Historic Orleans Business Opportunity

      Established Cape Cod Lantern Shop, High Visibility
      48 Main St, Orleans, MA 02653
      View Details

    FAQs

    What type of property is this?
    Land - 3.78-acre waterfront parcel ideal for nature enthusiasts and privacy seekers.
    Where is this land located?
    The property is located at 32 Locust Rd Orleans, MA.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: - Waterfront property on Cedar Pond with 3.78 acres, ideal for kayaking, canoeing, and wildlife observation.; - In-town location provides easy access to walking, biking, restaurants, shopping, and a farmers' market.; - Proximity to the Cape Cod Rail Trail (0.2 miles) and Rock Harbor (under 1 mile).
    (508) 525-0101
    Request Owner's contact information
    32 Locust Rd Orleans, MA 02653
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    32 Locust Rd
    Orleans, MA 02653
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    32 Locust Rd Orleans, MA 02653
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nadine L Magazu
    (508) 525-0101
    Learn more
    Google sign-in failed. Please try again or use another login method.