Commercial Condo Shell in
100 Dillingham Ave #A104 Falmouth, MA 02540
100 Dillingham Ave #A104, Falmouth, MA, 02540
$285,000
For Sale
$285,000
Commercial condo shell with build-out opportunity in a mixed-use development.
Property Size840 SF
Price / SF$339.29
Days on Market430
Property Features for 100 Dillingham Ave #A104
General Information
- Standard status
- Active
- Size
- 840 SF
Building Details
- Year Built
- 2023
Listing Agency
Realty Works, LLC
Listed by
Carmel Gilberti
Source
Corcoran
Added: May 14, 2025 Checked: Mar 16 at 9:09 am
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 a buyer to customize the space. The unit is centrally located within a newly constructed, mixed-use condominium development in Falmouth. The property features high ceilings and a public ADA accessible entry. The development is located on the site of the historic Nimrod Restaurant, and includes two custom framed buildings that house six ground-level commercial condominium units and seven second-floor residential units. The unit may be granted exclusive use of a basement storage unit, subject to buyer verification. The condominium fee includes landscaping, common area cleaning, rubbish/recycling, and snow removal.
Key Highlights
- Opportunity for custom build‑out of commercial space.
- Excellent location and parking.
- Newly constructed commercial condo unit (shell).
Local Financial Insights For Retail
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 | $25.2k | $30.00 |
| − Vacancy | −$554 | −$0.66 |
| EGI | $24.6k | $29.34 |
| − OpEx | −$7.4k | −$8.80 |
| NOI | $17.3k | $20.54 |
840 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$246.5K
$215.7K – $287.5K
NOI $17,252 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.3K
$299.5K – $399.4K
NOI $23,961 @ 7.0% cap · market cap 8.41%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Commercial condo shell with build-out opportunity in a mixed-use development.
Where is this commercial land located?
The property is located at 100 Dillingham Ave #A104 Falmouth, MA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Opportunity for custom build‑out of commercial space.; Excellent location and parking.; Newly constructed commercial condo unit (shell).
