Office-Built Flex
For Sale
$340,000
4 Crane Circle, Cataumet, MA 02534
Commercial Sale, Cataumet, MA
Property Size1,456 SF
Lot Size1.22 Acres
Price / SF$233.52
Days on Market39
Property Features for 4 Crane Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B-2
Parking features
Assigned
Elementary school district
Bourne
Middle school district
Bourne
High school district
Bourne
Directions
Rte 28 S to Otis Rotary, 1st R then L at signal light, continue to Crane Circle to 4 Crane Cir -Unit 1
Subdivision
Bourne
Standard status
Active
APN
BOUR M:52 B: L:92-1
Size
1,456 SF
Lot size
1.22 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1847
Utilities
Water source
Public
Amenities
Route 28A signage
upper-level storage
Building Details
Year built
2008
Floors in Building
1
Flooring type
Laminate, Carpet
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
Hartel Realty Corp.
(508) 540-0448
Listed By:
Greg P Hartel
(617) 256-3169
Added: Jul 28
Changed: Sep 2
Last Checked: Sep 4 at 7:06PM
MLS# 22603645
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 flex condominium is configured primarily for office use and includes upper-level storage for added functionality. The unit was built in 2008, with steel siding, a metal roof, and a combination of laminate and carpet flooring. Public water service is in place, and two assigned parking spaces accompany the property.
Located within Crane Circle Commercial Business Park in Cataumet, the property includes signage along Route 28A. B-2 Business zoning supports a broad range of commercial uses. A long-term tenant is currently in place, providing an existing occupancy profile for an owner evaluating the property as an income-producing commercial asset.
Located within Crane Circle Commercial Business Park in Cataumet, the property includes signage along Route 28A. B-2 Business zoning supports a broad range of commercial uses. A long-term tenant is currently in place, providing an existing occupancy profile for an owner evaluating the property as an income-producing commercial asset.
Key Highlights
- Office‑configured flex condominium with upper‑level storage
- Long‑term tenant currently in place
- Two assigned parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,611
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$612,220
$612.2K
Cap Rate 7%
$437,300
$437.3K
Cap Rate 9%
$340,122
$340.1K
Market Conditions
NOI Build-Up for 1,456 SF
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.
Gross rent
$51.0K $35.04/SF
− Vacancy
−$10.2K −$7.01/SF
EGI
$40.8K $28.03/SF
− OpEx
−$10.2K −$7.01/SF
NOI
$30.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$612,220
Cap Rate 7%
$437,300
Cap Rate 9%
$340,122
Alternative Uses
Best Use
Office B
$437.3K
$382.6K – $510.2K
NOI $30,611 @ 7.0% cap · market cap 9.00%
Second Best
Industrial
$300.3K
$262.8K – $350.4K
NOI $21,024 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$593.3K
$519.2K – $692.2K
NOI $41,533 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 02534, MA
899
Population
628
Households
1.4
Avg Household Size
58
Median Age
70%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
333
Density / Sq Mi
$171,169
Median Household Income
$74,645
Median Earnings
$1,010,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - B-2 Business zoning supports varied commercial uses, with an existing tenant and two assigned parking spaces.
Where is this flex space located?
The property is located at 4 Crane Circle Cataumet, MA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Office‑configured flex condominium with upper‑level storage; Long‑term tenant currently in place; Two assigned parking spaces
