Two-Story Flex
New
For Sale
$450,000
1112 Main St 1, Osterville, MA 02655
Separate office areas, meeting space, storage, and a ground-floor business bay accommodate varied work functions.
Property Size2,016 SF
Price / SF$223.21
Days on Market2
Property Features for 1112 Main St 1
General Information
Standard status
Active
Size
2,016 SF
Property subtype
Commercial
Zoning
RC/BA
Additional Details
Asking Price
$450,000
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,060
Building Details
Building Size
2,016 SF
Year Built
1984
Stories
2
Listing Agency:
Commercial Realty Advisors, Inc.
Listed By:
Kevin A. Pepe
(508) 862-9000
Source:
Elliman
Added: Oct 19
Last Checked: Oct 19 at 2:39PM
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 Commercial Realty Advisors, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story commercial condominium contains approximately 2,016 square feet, with office, meeting, storage, and service-bay areas. The first level has a private office with built-in work surfaces, storage closets, and a bay served by an 8-foot overhead door. Upstairs, the layout 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 village amenities and Route 28. Its split RC/BA zoning may accommodate a range of uses, subject to Town of Barnstable approval and condominium restrictions. The owner will consider leasing the complete unit or the first-floor bay. The building was constructed in 1984.
The property is at 1112 Main Street in Osterville, behind Osterville Jewelers, with access to village amenities and Route 28. Its split RC/BA zoning may accommodate a range of uses, subject to Town of Barnstable approval and condominium restrictions. The owner will consider leasing the complete unit or the first-floor bay. The building was constructed in 1984.
Key Highlights
- Approximately 2,016 square feet in a two‑story commercial condominium
- Ground‑floor business bay has an 8‑foot overhead door
- Upper level includes two offices, meeting area, 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
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
NOI $29,110 @ 7.0% cap · market cap 6.47%
Second Best
Flex RnD
$396.1K
$346.6K – $462.1K
NOI $27,726 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$821.5K
$718.8K – $958.5K
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Under-served
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
Similar Off Market Nearby
- The Pineapple Caper Cafe — 29 Wianno Ave, Osterville, MA 02655
Frequently Asked Questions
What type of property is this?
Flex space - Separate office areas, meeting space, storage, and a ground-floor business bay accommodate varied work functions.
Where is this flex space located?
The property is located at 1112 Main St 1 Osterville, 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: Approximately 2,016 square feet in a two‑story commercial condominium; Ground‑floor business bay has an 8‑foot overhead door; Upper level includes two offices, meeting area, sitting room, kitchenette, and full bathroom
