Building Details

Stories 2

Listing Agency: Commercial Realty Advisors, Inc.

Listed By: Kevin A. Pepe Show Phone

Source: Exprealty

Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 2:05PM

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Investment Insights

Based on property information with market context.

This two-story commercial condominium combines office, meeting, and sitting areas with a business bay and storage. The 2,016-square-foot unit has a first-floor private office with built-in work surfaces, an adjoining storage bay with an 8-foot overhead door, and several storage closets. The upper level includes two private offices, an open meeting area, a separate sitting room, a kitchenette, and a full bathroom.

The property is at 1112 Main Street in Osterville, behind Osterville Jewelers, with access to Osterville Village amenities and Route 28. Its zoning is split RC/BA; potential uses are subject to Town of Barnstable approval and condominium restrictions.

Key Highlights

• 2,016‑square‑foot, two‑story commercial condominium
• First‑floor business bay has an 8‑foot overhead door
• Three private offices, open meeting area, separate sitting room, kitchenette, and full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,110

Cap Rate

6.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$582,200 $582.2K

Cap Rate 7%

$415,857 $415.9K

Cap Rate 9%

$323,444 $323.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,016 SF

Gross rent

$43.5K $21.60/SF

− Vacancy

−$2.0K −$0.97/SF

EGI

$41.6K $20.63/SF

− OpEx

−$12.5K −$6.19/SF

NOI

$29.1K $14.44/SF

Area

Barnstable County, MA

Vacancy

4.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$582,200

Cap Rate 7%

$415,857

Cap Rate 9%

$323,444

Alternative Uses

Best Use

Industrial

$415.9K

$363.9K – $485.2K (±1% cap)

NOI $29,110 @ 7.0% cap · market cap 6.47%

Second Best

Flex RnD

$396.1K

$346.6K – $462.1K (±1% cap)

NOI $27,726 @ 7.0% cap · market cap 6.16%

Theoretical Best

Office A

$821.5K

$718.8K – $958.5K (±1% cap)

NOI $57,507 @ 7.0% cap · market cap 12.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

43

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 02655, MA

3,591

Population

3,014

Households

1.2

Avg Household Size

57

Median Age

58%

College-Educated

98%

High-School Grad

6.5 sq mi

ZIP Area

552

Density / Sq Mi

$100,927

Median Household Income

$52,368

Median Earnings

$1,781

Median Rent

$746,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A two-level layout separates private offices and meeting areas from storage and bay space.

Where is this flex space located?

The property is located at 1-1112 Main St Barnstable, MA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 2,016‑square‑foot, two‑story commercial condominium; First‑floor business bay has an 8‑foot overhead door; Three private offices, open meeting area, separate sitting room, kitchenette, and full bathroom