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    Industrial Condo with Office Space Title is generated by Realmo AI

    15 Jan Sebastian Dr, Sandwich, MA 02563

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    For Lease
    $4,500/Mo $24 SF/Yr (calc)

    2,217 SF industrial condo with office in Sandwich, MA.

    Property size:
    2,217 SF
    Added:
    May 18, 2026
    Days on Market:
    9
    Last Refresh:
    May 18 at 10:25 pm

    Property Features for 15 Jan Sebastian Dr

    General Information

    Standard status
    Active
    Size
    2,217 SF

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Kevin A. Pepe
    Kevin A. Pepe

    Listing agent Kevin A. Pepe

    Listing office Commercial Realty Advisors, Inc.

    Listing date May 18, 2026

    Source Alliancepartnersre

    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.

    HighLights

    • ±2,217 SF combined industrial condominium unit (Units 1D and 2D).
    • Functional warehouse space with updated office buildout.
    • Located in the established Sandwich Industrial Park on the Upper Cape.
    • Two drive‑in bays for easy access and operations.
    • Ideal for contractors, service businesses, and light industrial users.
    • Layout designed for efficient workflow, equipment storage, and fleet management.

    Overview

    This property offers a combined 2,217 square feet of industrial condominium space within the Sandwich Industrial Park. The double-unit configuration includes functional warehouse space and an updated office buildout. It is suitable for contractors, service businesses, and light industrial users seeking efficient operations. The property features two drive-in bays and modernized office space. The layout is designed to support daily workflow, equipment storage, and fleet management. This listing is for the lease of UNIT 1D and 2D.
    Location Intelligence

    Current Use by Public Records

    Cape Auto Repair Auto Repair Shop Todd's Auto Repair ... Auto Repair Shop Gade Masonry Landscaping ... General Contractor Northeast Dirtbike LLC Auto Parts Store Driscoll Electric Co Electrical Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandwich
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.483618
    Latitude
    41.718958

    Nearby Similar for Lease

    • $2,500/Mo
      1,158 SF

      Industrial/Office Condo in Sandwich

      Flex space in Sandwich Industrial Park, suitable for office/industrial use.
      15 Jan Sebastian Drive, Sandwich, MA 02563
      View Details
    • $2,500/Mo
      2,400 SF

      Industrial Condo Bay For Lease

      Commercial condo bay for lease in Sandwich, Massachusetts.
      14 Jan Sebastian Dr C, Sandwich, MA 02563
      View Details
    • $950/Mo

      Renovated Office Unit in Sandwich

      Open concept office space with high visibility and included utilities.
      135 Route 6a, Sandwich, MA 02563
      View Details
    • $18 SF/Yr
      2,600 SF

      Versatile Office Space For Rent

      7,000 SF office space in Sandwich's industrial park.
      16 Jan Sebastian Dr, Sandwich, MA 02563
      View Details
    • $20 SF/Yr
      3,900 SF

      Retail, Office

      77 Quaker Meetinghouse Rd, Sandwich, MA 02563
      View Details

    FAQs

    What type of property is this?
    Flex space - 2,217 SF industrial condo with office in Sandwich, MA.
    Where is this flex space located?
    The property is located at 15 Jan Sebastian Dr Sandwich, MA.
    What is the lease rate?
    The lease rate is $4,500 /Mo.
    What are key features of this property?
    This property features: ±2,217 SF combined industrial condominium unit (Units 1D and 2D).; Functional warehouse space with updated office buildout.; Located in the established Sandwich Industrial Park on the Upper Cape.
    (508) 862-9000
    We can help!
    Listing Contact
    Kevin A. Pepe
    Kevin A. Pepe
    Learn More
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    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.

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