Building Details

Buildings 3

Stories 2

Building Size 1,965 SF

Listing Agency: Premier Commercial

Listed By: John E. Ciluzzi · License #8990 Show Phone

Source: Exprealty

Added: Jul 3, 2020 Changed: Oct 1 Last Checked: Oct 14 at 11:42PM

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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.

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 / Yr

$41,312

Cap Rate

7.57%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $41,312 @ 7.0% cap · market cap 7.57%

Second Best

Retail

$576.5K

$504.5K – $672.6K (±1% cap)

NOI $40,357 @ 7.0% cap · market cap 7.39%

Theoretical Best

Office A

$800.7K

$700.7K – $934.2K (±1% cap)

NOI $56,052 @ 7.0% cap · market cap 10.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Electrical Service Auto Repair Shop Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

241

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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