Orleans Mixed-Use Investment
88 Route 6a Orleans, MA 02653
88 Route 6a, Orleans, MA, 02653
$1,900,000
For Sale
$1,900,000
Three parcels with residential and commercial units in central Orleans.
Property Size3,843 SF
Price / SF$494.41
Days on Market90
Property Features for 88 Route 6a
General Information
- Standard status
- Active
- Size
- 3,843 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing agency
William Raveis Real Estate & Homes Services
(508) 280-3443
Listed by
Sharon Dixon · License #MA 9518180
(508) 280-3443
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 9:18AM
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 William Raveis Real Estate & Homes Services
Investment Insights
Based on property information with market context.
This offering comprises three parcels of improved land situated in the Village Center District of Orleans. The properties include #88, a 1,400 square foot single-family home featuring two bedrooms and one bath, accompanied by a detached two-car garage with unfinished space above, and a 520 square foot foundation without a building. Additionally, there is #86A, a 1,494 square foot building containing three one-bedroom rental units, and #86B, a 949 square foot two-story mixed-use building. The mixed-use building has office space on the first floor and a studio apartment upstairs, along with an unfinished 342 square foot space on the first floor. A detached garage/barn is located at the back of this lot. The total property size is 3,843 square feet. Positioned between Route 6A and the Cape Cod Rail Trail, the location provides access to Orleans. The Village Center zoning allows for expansion of use with town approval, presenting an investment opportunity.
Key Highlights
- Prime location in the center of Orleans, Village Center District, between Route 6A and the Cape Cod Rail Trail.
- Excellent investment property with multiple rental units (3 one‑bedroom units and a studio apartment).
- Three parcels of improved land being sold as one unit.
Local Financial Insights For Apartment 5plus
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 | $144.3k | $37.56 |
| − Vacancy | −$4.3k | −$1.13 |
| EGI | $140.0k | $36.43 |
| − OpEx | −$63.0k | −$16.39 |
| NOI | $77.0k | $20.04 |
3,843 SF · lease $37.56/SF/yr · vacancy 3.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$962.6K – $1.28M
NOI $77,007 @ 7.0% cap · market cap 4.05%
Second Best
Mixed Use
$765.9K
$670.1K – $893.5K
NOI $53,610 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,623 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three parcels with residential and commercial units in central Orleans.
Where is this mixed-use property located?
The property is located at 88 Route 6a Orleans, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Prime location in the center of Orleans, Village Center District, between Route 6A and the Cape Cod Rail Trail.; Excellent investment property with multiple rental units (3 one‑bedroom units and a studio apartment).; Three parcels of improved land being sold as one unit.
