Building Details

Building Size 2,016 SF

Year Built 1984

Stories 2

Listing Agency: Classic Cape Real Estate, LLC

Listed By: Ken Hager Show Phone

Source: Link.flexmls

Added: Oct 24 Last Checked: Oct 24 at 1:07PM

Report an Issue

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 Classic Cape Real Estate, LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 2,016-square-foot flex condominium at 1112 Main Street, Unit A1, in Osterville has work areas arranged across two floors. The first floor contains a bay with an overhead door, a private office with built-in work surfaces, storage closets, and a bathroom. Upstairs are two additional private offices, an open meeting area, a sitting room, a kitchenette, and a full bathroom.

The property is set behind Osterville Jewelers. Built in 1984, the condominium combines service-bay space and office areas within one unit.

Key Highlights

• 2,016 SF commercial condominium built in 1984
• Ground‑floor bay with one overhead door, private office, built‑in work surfaces, storage closets, and bathroom
• Upper level has two private offices, an open meeting area, sitting room, kitchenette, and full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,110

Cap Rate

5.83%

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

Is this asking price fair?

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 (±1% cap)

NOI $29,110 @ 7.0% cap · market cap 5.83%

Second Best

Flex RnD

$396.1K

$346.6K – $462.1K (±1% cap)

NOI $27,726 @ 7.0% cap · market cap 5.56%

Theoretical Best

Office A

$821.5K

$718.8K – $958.5K (±1% cap)

NOI $57,507 @ 7.0% cap · market cap 11.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Building Supply (Bike/Boat/Book/etc) Store Grocery & Convenience Store Nail Salon Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

114

Businesses Nearby

Well-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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar For Sale Nearby

See more

Flex Space with Overhead Door

1112 Main Street STE 1, Osterville, MA 02655

$499,000

2,016 SF

View details

Two-Story Flex Space

Osterville, MA 02655

$450,000

2,016 SF

View details

Multi-Suite Office Building

2957 Falmouth Rd, Osterville, MA

$1,800,000

4,200 SF

View details

Mixed-Use Property With Office Space

804 Main St, Osterville, MA

$5,900,000

1.00 Acre

View details

Mixed-Use Commercial Property

804 Main Street, Osterville, MA 02655

$5,900,000

19,304 SF

View details

Single-Car Storage Garage

920A Main Street, Osterville, MA 02655

$85,000

2.00 Acres

View details

Frequently Asked Questions

What type of property is this?

Flex space - A two-level layout pairs a ground-floor service bay with private offices, meeting space, storage, and kitchen amenities.

Where is this flex space located?

The property is located at 1112 Main Street STE 1 Osterville, MA.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: 2,016 SF commercial condominium built in 1984; Ground‑floor bay with one overhead door, private office, built‑in work surfaces, storage closets, and bathroom; Upper level has two private offices, an open meeting area, sitting room, kitchenette, and full bathroom