Mixed-Use Property with
For Sale
$546,000
Pending
200 Meetinghouse Rd, South Chatham, MA
Retail frontage, upper-level office or apartment space, and two ancillary greenhouses support multiple commercial configurations.
Property Size1,965 SF
Lot Size0.56 Acres
Days on Market777
Property Features for 200 Meetinghouse Rd
General Information
Standard status
Pending
Size
1,965 SF
Lot size
0.56 Acres
Additional Details
Floor
2
Taxes and HOA fees
Annual Taxes
$2,212
Building Details
Buildings
3
Stories
2
Building Size
1,965 SF
Listing Agency:
Premier Commercial
(508) 815-5701
Listed By:
John E. Ciluzzi · License #8990
(508) 815-5701
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 30
Last Checked: Aug 30 at 6:25AM
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
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,965-square-foot building on a 24,356-square-foot parcel, together with two ancillary greenhouses. Retail space occupies the first floor, while the second floor is configured for office or apartment use. The building currently has one bathroom and plumbing for three.
The property is located at 200 Meetinghouse Rd in South Chatham, Massachusetts. On-site features include parking and signage, supporting customer-facing retail and upper-level office or residential use within the same building.
The property is located at 200 Meetinghouse Rd in South Chatham, Massachusetts. On-site features include parking and signage, supporting customer-facing retail and upper-level office or residential use within the same building.
Key Highlights
- 1,965‑square‑foot mixed‑use building on a 24,356‑square‑foot parcel
- Retail space on the first floor with office or apartment use upstairs
- Two ancillary greenhouses included with the property
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
$41,312
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
7.57%
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%
$826,240
$826.2K
Cap Rate 7%
$590,171
$590.2K
Cap Rate 9%
$459,022
$459.0K
Market Conditions
NOI Build-Up for 1,965 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
$68.9K $35.04/SF
− Vacancy
−$13.8K −$7.01/SF
EGI
$55.1K $28.03/SF
− OpEx
−$13.8K −$7.01/SF
NOI
$41.3K $21.02/SF
Area
Barnstable County, MA
Vacancy
20.00%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
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%
$826,240
Cap Rate 7%
$590,171
Cap Rate 9%
$459,022
Alternative Uses
Best Use
Office B
$590.2K
$516.4K – $688.5K
NOI $41,312 @ 7.0% cap · market cap 7.57%
Second Best
Retail
$576.5K
$504.5K – $672.6K
NOI $40,357 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$800.7K
$700.7K – $934.2K
NOI $56,052 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail frontage, upper-level office or apartment space, and two ancillary greenhouses support multiple commercial configurations.
Where is this mixed-use property located?
The property is located at 200 Meetinghouse Rd South Chatham, MA.
What is the asking price?
The asking price for this property is $546,000.
What are key features of this property?
This property features: 1,965‑square‑foot mixed‑use building on a 24,356‑square‑foot parcel; Retail space on the first floor with office or apartment use upstairs; Two ancillary greenhouses included with the property
