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Customizable Commercial Condo Unit

100 Dillingham Ave #A102 Falmouth, MA 02540

100 Dillingham Ave #A102, Falmouth, MA, 02540
$325,000
For Sale
Claim this Listing
$325,000

Shell unit with customization potential in a mixed-use development.

Property Size974 SF
Price / SF$333.68
AddedMay 14, 2025
Days on Market429
Last RefreshMar 16 at 9:09 am

Property Features for 100 Dillingham Ave #A102

General Information

Standard status
Active
Size
974 SF

Building Details

Year Built
2023

Listing office Realty Works, LLC

Listing date May 14, 2025

Source Corcoran

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 Realty Works, LLC


Investment Insights

Based on property information with market context.

This commercial condominium unit, offered as a shell, presents an opportunity for customization. The unit benefits from good street visibility, three sides of windows, high ceilings, public ADA accessibility, and a private entry. Situated in a newly constructed mixed-use condominium development in Falmouth, the property is located on the site of the historic Nimrod Restaurant, featuring two custom-framed buildings that house 6 first-floor commercial units and 7 second-floor residential units. The condominium fee includes landscaping, common area cleaning, rubbish/recycling, and snow removal. The unit has a size of 974 square feet. Additional space is available as this unit can be combined with Unit A103 (1145 square feet) and A104 (800 square feet).

Key Highlights

  • Opportunity to customize the commercial space with a build‑out option by the developer.
  • Excellent location with good street visibility and ample parking.
  • Newly constructed in 2023 within a mixed‑use condominium development.

Local Financial Insights For Office B

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 $34.1k $35.04
− Vacancy −$6.8k −$7.01
EGI $27.3k $28.03
− OpEx −$6.8k −$7.01
NOI $20.5k $21.02
974 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$292.5K
$256.0K – $341.3K (±1% cap)
NOI $20,477 @ 7.0% cap · market cap 6.30%
Second Best
Retail
$285.8K
$250.1K – $333.4K (±1% cap)
NOI $20,004 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$396.9K
$347.3K – $463.1K (±1% cap)
NOI $27,784 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Blu Jade Spa ... Alternative Medicine Practice The Blu Pearl Spa ... Alternative Medicine Practice Dr. Annemarie M. ... Physician

Suggested Use

(Bike/Boat/Book/etc) Store Electrical Service Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service Plumbing Service Pet Grooming Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Office units - Shell unit with customization potential in a mixed-use development.
Where is this office units located?
The property is located at 100 Dillingham Ave #A102 Falmouth, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Opportunity to customize the commercial space with a build‑out option by the developer.; Excellent location with good street visibility and ample parking.; Newly constructed in 2023 within a mixed‑use condominium development.
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