Building Details

Year Built 1984

Stories 2

Listing Agency: Commercial Realty Advisors, Inc.

Listed By: Kevin Pepe Show Phone

Source: Capecodtoday

Added: Oct 24 Last Checked: Oct 24 at 2:40PM

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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.

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Investment Insights

Based on property information with market context.

This two-level flex condominium combines a first-floor work bay with office and storage areas. The bay has one overhead door, while a private office includes built-in work surfaces; storage closets and a bathroom complete the lower level. Upstairs, the layout includes two private offices, an open meeting area, a sitting room, a kitchenette, and a full bathroom. The property was built in 1984.

The condominium is at 1112 Main Street, Unit A1, in Osterville, set behind Osterville Jewelers.

Key Highlights

• 2,016+/- SF commercial condominium
• First‑floor bay with one overhead door
• Private office with built‑in work surfaces

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

Current Use

Flex space

Suggested Use

Top Pick Pharmacy Bakery Cafe & Coffee Shop Barber Shop Furniture & Home Goods Restaurant

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

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

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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Flex Space with Office Buildout

1112 Main Street, Osterville, MA 02655

$499,000

2,016 SF

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Two-Story Flex Space

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$450,000

2,016 SF

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Multi-Suite Office Building

2957 Falmouth Rd, Osterville, MA

$1,800,000

4,200 SF

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Mixed-Use Property With Office Space

804 Main St, Osterville, MA

$5,900,000

1.00 Acre

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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

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 - Two levels provide dedicated work, meeting, storage, and kitchenette areas.

Where is this flex space located?

The property is located at 1112 Main Street STE 1 Osterville 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 with built‑in work surfaces