Customizable Commercial Condo
For Sale
$325,000
100 Dillingham Ave #A102, Falmouth, MA 02540
Shell unit with customization potential in a mixed-use development.
Property Size974 SF
Price / SF$333.68
Days on Market521
Property Features for 100 Dillingham Ave #A102
General Information
Standard status
Active
Size
974 SF
Taxes and HOA fees
Annual Taxes
$1,622
Building Details
Year Built
2023
Listing Agency:
Realty Works, LLC
Listed By:
Carmel Gilberti
Source:
Corcoran
Added: May 14, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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
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Investment Insights
Based on property information with market context.
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).
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,477
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,540
$409.5K
Cap Rate 7%
$292,529
$292.5K
Cap Rate 9%
$227,522
$227.5K
Market Conditions
NOI Build-Up for 974 SF
Gross rent
$34.1K $35.04/SF
− Vacancy
−$6.8K −$7.01/SF
EGI
$27.3K $28.03/SF
− OpEx
−$6.8K −$7.01/SF
NOI
$20.5K $21.02/SF
Area
Barnstable County, MA
Vacancy
20.00%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,540
Cap Rate 7%
$292,529
Cap Rate 9%
$227,522
Alternative Uses
Best Use
Office B
$292.5K
$256.0K – $341.3K
NOI $20,477 @ 7.0% cap · market cap 6.30%
Second Best
Retail
$285.8K
$250.1K – $333.4K
NOI $20,004 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$396.9K
$347.3K – $463.1K
NOI $27,784 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
Explore this area
Business Placement
Demographics for 02540, MA
8,450
Population
6,200
Households
1.4
Avg Household Size
61
Median Age
59%
College-Educated
94%
High-School Grad
11.0 sq mi
ZIP Area
768
Density / Sq Mi
$88,266
Median Household Income
$52,243
Median Earnings
$1,328
Median Rent
$756,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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.
