Office-Built Flex
For Sale
$340,000
1-4 Bourne Ave, Sandwich, MA 02563
Commercial condominium with upper-level storage, two assigned parking spaces, Route 28A signage, and B-2 Business zoning.
Property Size1,375 SF
Price / SF$247.27
Days on Market70
Property Features for 1-4 Bourne Ave
General Information
Standard status
Active
Size
1,375 SF
Total Parking Spaces
2
Zoning
B-2
Taxes and HOA fees
Annual Taxes
$1,864
Amenities
Route 28A signage
Building Details
Tenancy
Single
Listing Agency:
Hartel Realty
(508) 444-0172
Listed By:
Greg Hartel
(617) 256-3169
Source:
Exprealty
Added: Jul 28
Changed: Oct 2
Last Checked: Oct 4 at 7:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hartel Realty
Investment Insights
Based on property information with market context.
This 1,375± square foot flex-space condominium is configured for office use within Crane Circle Commercial Business Park. The professionally completed interior includes upper-level storage, creating additional functional space within the unit. The property is currently occupied by a long-term tenant, supporting continued commercial use.
The condominium includes two assigned parking spaces and signage along Route 28A. B-2 Business zoning supports a broad range of commercial applications. Together, the office build-out, storage component, parking, signage, and established business-park setting create a practical configuration for an owner-user or commercial property investor.
The condominium includes two assigned parking spaces and signage along Route 28A. B-2 Business zoning supports a broad range of commercial applications. Together, the office build-out, storage component, parking, signage, and established business-park setting create a practical configuration for an owner-user or commercial property investor.
Key Highlights
- 1, 375± square foot flex‑space condominium
- Professionally built out for office use with upper‑level storage
- Long‑term tenant currently in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,908
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,160
$578.2K
Cap Rate 7%
$412,971
$413.0K
Cap Rate 9%
$321,200
$321.2K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$48.2K $35.04/SF
− Vacancy
−$9.6K −$7.01/SF
EGI
$38.5K $28.03/SF
− OpEx
−$9.6K −$7.01/SF
NOI
$28.9K $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%
$578,160
Cap Rate 7%
$412,971
Cap Rate 9%
$321,200
Alternative Uses
Best Use
Office B
$413.0K
$361.4K – $481.8K
NOI $28,908 @ 7.0% cap · market cap 8.50%
Second Best
Industrial
$283.6K
$248.2K – $330.9K
NOI $19,854 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$560.3K
$490.3K – $653.7K
NOI $39,222 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02563, MA
10,070
Population
4,898
Households
2.1
Avg Household Size
52
Median Age
52%
College-Educated
99%
High-School Grad
13.2 sq mi
ZIP Area
763
Density / Sq Mi
$117,558
Median Household Income
$49,726
Median Earnings
$1,764
Median Rent
$552,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Smith on Main Catering — 119 Main St, Sandwich, MA 02563
Frequently Asked Questions
What type of property is this?
Flex space - Commercial condominium with upper-level storage, two assigned parking spaces, Route 28A signage, and B-2 Business zoning.
Where is this flex space located?
The property is located at 1-4 Bourne Ave Sandwich, 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: 1, 375± square foot flex‑space condominium; Professionally built out for office use with upper‑level storage; Long‑term tenant currently in place
