Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Customizable Commercial Condo Unit Title is generated by Realmo AI

    100 Dillingham Ave #A102, Falmouth, MA 02540

    View on Map
    Claim this Listing
    For Sale
    $325,000

    Shell unit with customization potential in a mixed-use development.

    Property size:
    974 SF
    Price / SF:
    $333/SF
    Added:
    May 14, 2025
    Days on Market:
    382
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 100 Dillingham Ave #A102

    General Information

    Standard status
    Active
    Size
    974 SF

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Carmel Gilberti

    Listing agent Carmel Gilberti

    Listing office Realty Works, LLC

    Listing date May 14, 2025

    Source Corcoran

    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

    HighLights

    • Opportunity to customize the commercial space with a build‑out option by the developer.
    • Excellent location with good street visibility and ample parking.
    • Newly constructed in 2023 within a mixed‑use condominium development.
    • Public ADA accessibility and private entry.
    • Features three sides of windows and high ceilings.
    • Potential to combine with adjacent units A103 and A104 for increased space.

    Overview

    This commercial condominium unit, offered as a shell, presents an opportunity for customization. The unit benefits from good street visibility, three sides of windows, high ceilings, public ADA accessibility, and a private entry. Situated in a newly constructed mixed-use condominium development in Falmouth, the property is located on the site of the historic Nimrod Restaurant, featuring two custom-framed buildings that house 6 first-floor commercial units and 7 second-floor residential units. The condominium fee includes landscaping, common area cleaning, rubbish/recycling, and snow removal. The unit has a size of 974 square feet. Additional space is available as this unit can be combined with Unit A103 (1145 square feet) and A104 (800 square feet).

    Local Financial Insights For Office B

    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 $34.1k $35.04
    − Vacancy −$6.8k −$7.01
    EGI $27.3k $28.03
    − OpEx −$6.8k −$7.01
    NOI $20.5k $21.02
    974 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $292.5K
    $256.0K – $341.3K (±1% cap)
    NOI $20,477 @ 7.0% cap · market cap 6.30%
    Second Best
    Retail
    $285.8K
    $250.1K – $333.4K (±1% cap)
    NOI $20,004 @ 7.0% cap · market cap 6.16%
    Theoretical Best
    Office A
    $396.9K
    $347.3K – $463.1K (±1% cap)
    NOI $27,784 @ 7.0% cap · market cap 8.55%
    Zoning and permitted uses should be independently verified with local authorities.
    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

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Falmouth
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.6095
    Latitude
    41.5556

    Nearby Similar for Sale

    • $5,250,000
      11,114 SF

      Mixed-Use Investment in Downtown Falmouth

      Prime mixed-use property with retail and residential spaces.
      199 Main Street, Falmouth, MA 02540
      View Details
    • $249,000
      1,401 SF

      Falmouth Office Condo For Sale

      Class A office condo in mixed-use Heritage Place, Falmouth.
      205 Worcester Court, Falmouth, MA 02540
      View Details
    • $2,300,000
      5,760 SF

      Turnkey Rental Investment Opportunity

      Fully furnished 6-bedroom home near Falmouth Heights Beach.
      156 Teaticket Highway, Falmouth, MA 02540
      View Details
    • $3,295,000
      3,744 SF

      Waterfront Retail and Restaurant Opportunity

      Landmark waterfront retail and restaurant property in iconic Cape Cod village.
      87 Water St, Falmouth, MA 02543
      View Details
    • $595,000
      2,947 SF

      Mixed-Use Commercial Building in Falmouth

      Mixed-use building in downtown Falmouth with income potential.
      346 Gifford Street, Falmouth, MA 02540
      View Details
    • $1,100,000
      2,681 SF

      Waterfront Restaurant Opportunity in Woods Hole

      Charming waterfront restaurant property in the heart of Woods Hole.
      56 Water St, Falmouth, MA 02543
      View Details
    • $1,200,000
      3,694 SF

      Medical Condominium with Long-Term Tenant

      Medical condominium for sale with long-term tenant in place.
      33 Edgerton Dr, North Falmouth, MA
      View Details
    • $1,200,000
      3,694 SF

      Medical Condominium Investment Opportunity

      Long-term NNN lease with Cape Cod Healthcare in place.
      39 Edgerton Dr, North Falmouth, MA
      View Details
    • $595,000
      2,947 SF

      Falmouth Mixed-Use Commercial Building

      Mixed-use building in downtown Falmouth with income potential.
      364 Gifford St 1-6, Falmouth, MA 02540
      View Details
    • $1,995,000

      Renovated Multi-Residence Compound in Falmouth

      Fully renovated multi-residence compound with rental history in downtown Falmouth.
      20 Nye Rd, Falmouth, MA 02540
      View Details
    • $1,995,000
      2,525 SF

      Renovated Multi-Residence Compound in Falmouth

      Fully renovated Falmouth multi-residence compound with rental history.
      20 Nye Rd, Falmouth, MA 02540
      View Details
    • $1,995,000
      2,525 SF

      Renovated Falmouth Multi-Residence Compound

      Fully renovated multi-residence compound in downtown Falmouth with rental history.
      20 Nye, Falmouth, MA 02540
      View Details

    FAQs

    What type of property is this?
    Office units - Shell unit with customization potential in a mixed-use development.
    Where is this office units located?
    The property is located at 100 Dillingham Ave #A102 Falmouth, MA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Opportunity to customize the commercial space with a build‑out option by the developer.; Excellent location with good street visibility and ample parking.; Newly constructed in 2023 within a mixed‑use condominium development.
    We can help!
    Listing Contact
    Carmel Gilberti
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    100 Dillingham Ave #A102, Falmouth, MA 02540
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!