Retail Storefront with
For Sale
$599,995
Pending
12 Merchants Landing, Sandwich, MA 02563
Commercial Sale, Sandwich, MA
Property Size1,188 SF
Days on Market246
Property Features for 12 Merchants Landing
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
BL-1
Parking features
Parking Lot
Appliances
Water Heater
Lot features
Level
Elementary school district
Sandwich
Middle school district
Sandwich
High school district
Sandwich
Directions
Located in Merchants Square, Off of Route 6A. turn at lights onto Merchants Rd, Take 3rd right to Unit 11.
Subdivision
Sandwich
Standard status
Pending
APN
SAND M:0087 B:0043 L:0011
Size
1,188 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1889
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Flooring type
Vinyl
Building materials
Shingle Siding
Roof type
Asphalt
Listing Agency:
LAER Realty Partners
(508) 888-8999
Listed By:
James Kalweit · License #9504840
(508) 685-5310
Added: Jan 15
Changed: Sep 6
Last Checked: Sep 18 at 8:06AM
MLS# 22600159
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.
Investment Insights
Based on property information with market context.
This 1,188-square-foot retail storefront, built in 1984, is part of Merchant Square and includes the real estate and business assets. The property features shingle siding, vinyl flooring, electric heat, wall-unit cooling, an asphalt roof, and a parking lot. Public water and septic service support the property’s utility configuration.
Located at 12 Merchants Landing in Sandwich, Massachusetts, the storefront is positioned within a commercial center and offers on-site parking. The sale includes both the real estate and business assets, providing a combined property and operational offering.
Located at 12 Merchants Landing in Sandwich, Massachusetts, the storefront is positioned within a commercial center and offers on-site parking. The sale includes both the real estate and business assets, providing a combined property and operational offering.
Key Highlights
- 1,188 SF retail storefront in Merchant Square
- Real estate and business assets included in the sale
- On‑site parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,399
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$487,980
$488.0K
Cap Rate 7%
$348,557
$348.6K
Cap Rate 9%
$271,100
$271.1K
Market Conditions
NOI Build-Up for 1,188 SF
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.
Gross rent
$35.6K $30.00/SF
− Vacancy
−$784 −$0.66/SF
EGI
$34.9K $29.34/SF
− OpEx
−$10.5K −$8.80/SF
NOI
$24.4K $20.54/SF
Area
Barnstable County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$487,980
Cap Rate 7%
$348,557
Cap Rate 9%
$271,100
Alternative Uses
Best Use
Retail
$348.6K
$305.0K – $406.7K
NOI $24,399 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.1K
$423.6K – $564.8K
NOI $33,888 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 79%
Home Improvements & Furnishings 11%
Shops & Services 10%
Stop & Shop
Groceries
18,574 visits/mo
0.2 miles
Aubuchon Hardware
Home Improvements & Furnishings
2,640 visits/mo
0.2 miles
Citizens Bank
Shops & Services
2,235 visits/mo
0.1 miles
Demographics for 02563, MA
10,070
Population
4,898
Households
2.1
Avg Household Size
52
Median Age
52%
College-Educated
99%
High-School Grad
13.2 sq mi
ZIP Area
763
Density / Sq Mi
$117,558
Median Household Income
$49,726
Median Earnings
$1,764
Median Rent
$552,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cape Cod Flowers by Candis — 132 MA-6A, Sandwich, MA 02563
- Stop & Shop #0012 Florist — 65 MA-6A, Sandwich, MA 02563
- All About Flowers Cape Cod — 6 Merchants Rd Unit B7, Sandwich, MA 02563
- A Village Florist — 82 MA-6A, Sandwich, MA 02563
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property in a commercial center with on-site parking and convenient access.
Where is this storefront property located?
The property is located at 12 Merchants Landing Sandwich, MA.
What is the asking price?
The asking price for this property is $599,995.
What are key features of this property?
This property features: 1,188 SF retail storefront in Merchant Square; Real estate and business assets included in the sale; On‑site parking lot
