306 Commerce Park N, South Chatham, MA 02633
Two-bay industrial building on an improved lot, offered as a bundled sale with an abutting property.
- Added:
- Jul 15, 2024
- Days on Market:
- 713
- Last Refresh:
- Jun 25 at 8:59 pm
Property Features for 306 Commerce Park N
General Information
- Standard status
- Active
- Size
- 1,536 SF
Listing office Premier Commercial (508) 815-5701
Listing date Jul 15, 2024
Source Exprealty
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 Premier Commercial
HighLights
- 33,939 SF improved lot with one 1,536 SF building
- Two‑bay industrial property located within Commerce Park in Chatham
- Offered as a bundled sale with the abutting 200 Meeting House Road property
- Not located within a flood zone of concern
- Near Exit 11 and US Route 6, with access to points of interest in Chatham, Brewster, and Harwich
- Buyer to verify allowed mixed use: Retail, Office, and Residential use allowed
Overview
The location is stated to be in close proximity to Exit 11 and US Route 6, with access to points of interest in Chatham, Brewster, and Harwich. The remarks also state that the property abuts 200 Meeting House Road, which is separately available and must be sold together with 306 Commerce Park N.
The bundled sale includes the abutting property at 200 Meeting House Road, described as a 1,965-square-foot building on a 24,356-square-foot lot. The remarks indicate mixed-use allowances with retail, office, and residential use allowed, and request that the buyer verify use. For an industrial buyer or operator, the current site offers a dedicated two-bay building within Commerce Park, while the package structure may appeal to buyers looking to acquire two contiguous properties through a single transaction. Interested parties should confirm all intended uses prior to closing.
Local Financial Insights For Warehouse
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 | $33.2k | $21.60 |
| − Vacancy | −$1.5k | −$0.97 |
| EGI | $31.7k | $20.63 |
| − OpEx | −$4.8k | −$3.09 |
| NOI | $26.9k | $17.53 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Chatham Self Storage — 218 Meetinghouse Rd, South Chatham, MA 02659
Location Insight
- Map
- Local Demand
- City
- South Chatham
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -70.0191912
- Latitude
- 41.6881942
