Mixed-Use Retail and Apartment
21 S Orleans Road Orleans, MA 02653
For Sale
$1,350,000
Stately mixed-use building with street-level retail, offices, and upstairs apartments with water views.
Property Size4,416 SF
Price / SF$305.71
Days on Market22
Property Features for 21 S Orleans Road
General Information
Standard status
Active
Size
4,416 SF
Building Details
Year Built
1840
Listing Agency:
Kinlin Grover Compass
(508) 292-9775
Listed By:
Tracey E Oringer
(508) 292-9775
Source:
Laerrealty
Added: Jul 7
Changed: Jul 10
Last Checked: Jul 10 at 2:13PM
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 Kinlin Grover Compass
Investment Insights
Based on property information with market context.
This stately mixed-use building combines street-level retail space with office and break room areas, along with two upstairs apartments. The retail entry is at street level and the property includes ample parking with 15 spaces. A walk-out lower level adds approximately 600 square feet that can be used for office space or storage. The upstairs apartments consist of one 2-bedroom unit and one 1-bedroom unit, and both are described as having water views.
The building is positioned for visibility along busy Route 28 at the front, with Town Cove referenced at the rear. Retail is oriented toward Route 28, while the apartments are described as looking out toward the water.
Designed for owner-occupants and investors seeking flexible income and use, the property supports multiple operational scenarios: retail and associated office use at the front and street level, residential leasing from the upper units, and additional space for office or storage in the walk-out lower level. The sale is for the land and building only, with no business included.
The building is positioned for visibility along busy Route 28 at the front, with Town Cove referenced at the rear. Retail is oriented toward Route 28, while the apartments are described as looking out toward the water.
Designed for owner-occupants and investors seeking flexible income and use, the property supports multiple operational scenarios: retail and associated office use at the front and street level, residential leasing from the upper units, and additional space for office or storage in the walk-out lower level. The sale is for the land and building only, with no business included.
Key Highlights
- 1840‑built stately mixed‑use building in town with street‑level retail and upstairs apartments
- Front retail overlooks busy Route 28; includes street‑level entry and parking for 15 vehicles
- Upstairs apartments include one 2‑bedroom and one 1‑bedroom unit, both with water views
Financial Insights For Multifamily LT 5
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 | $145.7k | $33.00 |
| − Vacancy | −$5.1k | −$1.16 |
| EGI | $140.6k | $31.85 |
| − OpEx | −$42.2k | −$9.55 |
| NOI | $98.4k | $22.29 |
4,416 SF · lease $33.00/SF/yr · vacancy 3.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.64M
NOI $98,439 @ 7.0% cap · market cap 7.29%
Second Best
Office B
$1.33M
$1.16M – $1.55M
NOI $92,842 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,968 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Stately mixed-use building with street-level retail, offices, and upstairs apartments with water views.
Where is this duplex located?
The property is located at 21 S Orleans Road Orleans, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1840‑built stately mixed‑use building in town with street‑level retail and upstairs apartments; Front retail overlooks busy Route 28; includes street‑level entry and parking for 15 vehicles; Upstairs apartments include one 2‑bedroom and one 1‑bedroom unit, both with water views
