Mixed-Use Commercial Building in
1-6-364 Gifford St Falmouth, MA 02540
1-6-364 Gifford St, Falmouth, MA, 02540
$595,000
For Sale
$595,000
Mixed-use building with income potential in downtown Falmouth.
Property Size2,947 SF
Price / SF$201.90
Days on Market186
Property Features for 1-6-364 Gifford St
General Information
- Standard status
- Active
- Size
- 2,947 SF
Listing Agency
Berkshire Hathaway HomeServices Robert Paul Properties
(508) 524-7325
Listed by
O'Neill Group
(508) 524-7325
Source
Exprealty
Added: Jan 12 Checked: Jul 16 at 6:38 pm
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 Berkshire Hathaway HomeServices Robert Paul Properties
Investment Insights
Based on property information with market context.
Located in downtown Falmouth, this mixed-use commercial building offers an investment or owner-user opportunity. The free-standing building is part of a condominium association and comprises 6 units across three levels, with two units per level. Four of the six units are currently occupied, providing income potential. The building totals approximately 2,947 square feet and allows for a variety of uses including residential, retail sales, and business or professional offices. Utilities include private septic, Town water, and natural gas. The property is located minutes from Falmouth Hospital.
Key Highlights
- Prime downtown Falmouth location.
- Mixed‑use commercial building with flexible zoning (residential, retail, office).
- Existing income potential with 4 of 6 units currently occupied.
Local Financial Insights For Mixed Use
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 | $70.7k | $24.00 |
| − Vacancy | −$5.0k | −$1.68 |
| EGI | $65.8k | $22.32 |
| − OpEx | −$24.7k | −$8.37 |
| NOI | $41.1k | $13.95 |
2,947 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$885.1K
$774.5K – $1.03M
NOI $61,958 @ 7.0% cap · market cap 10.41%
Second Best
Retail
$864.6K
$756.6K – $1.01M
NOI $60,525 @ 7.0% cap · market cap 10.17%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,064 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with income potential in downtown Falmouth.
Where is this mixed-use property located?
The property is located at 1-6-364 Gifford St Falmouth, MA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Prime downtown Falmouth location.; Mixed‑use commercial building with flexible zoning (residential, retail, office).; Existing income potential with 4 of 6 units currently occupied.
