Building Details

Year built 1984

Floors in Building 2

Flooring type Carpet, Concrete

Building materials Steel Siding

Roof type Metal

Listing Agency: Commercial Realty Advisors, Inc.

Listed By: Kevin Pepe Show Phone

Added: Oct 23 Last Checked: Oct 25 at 12:06AM

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MLS# 22605407

Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 2,016+/- SF commercial condominium at 1112 Main Street, Unit A1, in Osterville has a ground-floor bay with one overhead door, a private office with built-in work surfaces, storage closets and a bathroom. The upper level contains two private offices, an open meeting area, a sitting room, a kitchenette and a full bathroom.

The property was built in 1984 and is set behind Osterville Jewelers. Building systems include forced-air natural gas heat and central air conditioning. Flooring is carpet and concrete, with steel siding and a metal roof.

Key Highlights

• 2,016+/- SF commercial condominium
• First‑floor bay with one overhead door, private office, storage closets and bathroom
• Upper floor includes two offices, 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

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Pharmacy Furniture & Home Goods HVAC Service

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

548

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

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

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Mixed-Use Property With Office Space

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Single-Car Storage Garage

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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 - A two-level layout combines a ground-floor overhead-door bay with private offices and shared work areas.

Where is this flex space located?

The property is located at 1112 Main Street 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; First‑floor bay with one overhead door, private office, storage closets and bathroom; Upper floor includes two offices, meeting area, sitting room, kitchenette and full bathroom