Industrial Warehouse with
For Sale
$275,000
15 Jan Sebastian Drive #STE A4, Sandwich, MA 02563
IND-zoned unit includes office space, a half bath, and commercial-vehicle access.
Property Size1,088 SF
Price / SF$252.76
Days on Market90
Property Features for 15 Jan Sebastian Drive #STE A4
General Information
Standard status
Active
Size
1,088 SF
Property subtype
Commercial: Industrial
Zoning
IND
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$2,240
Building Details
Building Size
1,088 SF
Year Built
1988
Buildings
1
Stories
1
Listing Agency:
Gibson Sotheby's International Realty
(508) 349-3100
Listed By:
Deborah Garner
(508) 349-3100
Source:
Downcaperealty
Added: Jun 3
Changed: Aug 30
Last Checked: Aug 30 at 5:00PM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 1,088-square-foot industrial warehouse unit at 15 Jan Sebastian Drive, Suite A4, provides a practical contractor-oriented layout. The main bay features high ceilings and a 10-by-13-foot garage door sized for commercial vehicles. A completed loft adds usable space beyond the stated building area.
The unit also includes two offices and a half bath. Built in 1988 and designated IND, the property offers highway access in Sandwich, Massachusetts, supporting industrial and warehouse operations that require functional bay access and on-site office components.
The unit also includes two offices and a half bath. Built in 1988 and designated IND, the property offers highway access in Sandwich, Massachusetts, supporting industrial and warehouse operations that require functional bay access and on-site office components.
Key Highlights
- 1,088‑square‑foot industrial warehouse unit in Sandwich, MA
- 10x13 garage door accommodates commercial vehicles
- High‑ceiling contractor bay
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
$19,077
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
6.94%
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%
$381,540
$381.5K
Cap Rate 7%
$272,529
$272.5K
Cap Rate 9%
$211,967
$212.0K
Market Conditions
NOI Build-Up for 1,088 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
$23.5K $21.60/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$22.4K $20.63/SF
− OpEx
−$3.4K −$3.09/SF
NOI
$19.1K $17.53/SF
Area
Barnstable County, MA
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
15.00%
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%
$381,540
Cap Rate 7%
$272,529
Cap Rate 9%
$211,967
Alternative Uses
Best Use
Warehouse
$272.5K
$238.5K – $318.0K
NOI $19,077 @ 7.0% cap · market cap 6.94%
Second Best
Industrial
$224.4K
$196.4K – $261.8K
NOI $15,710 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$443.4K
$388.0K – $517.3K
NOI $31,036 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02563, MA
10,070
Population
4,898
Households
2.1
Avg Household Size
52
Median Age
52%
College-Educated
99%
High-School Grad
13.2 sq mi
ZIP Area
763
Density / Sq Mi
$117,558
Median Household Income
$49,726
Median Earnings
$1,764
Median Rent
$552,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Life Storage — 6 Washington Cir, Sandwich, MA 02563
Frequently Asked Questions
What type of property is this?
Warehouse - IND-zoned unit includes office space, a half bath, and commercial-vehicle access.
Where is this warehouse located?
The property is located at 15 Jan Sebastian Drive #STE A4 Sandwich, MA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,088‑square‑foot industrial warehouse unit in Sandwich, MA; 10x13 garage door accommodates commercial vehicles; High‑ceiling contractor bay
