15 Simpson, Falmouth, MA 02540
Two-unit commercial condo in the heart of Falmouth Village.
- Added:
- Apr 2, 2025
- Days on Market:
- 438
- Last Refresh:
- Apr 5 at 9:17 pm
Property Features for 15 Simpson
General Information
- Standard status
- Active
- Size
- 1,349 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agent DANIELLE ROKOSZ
Listing office SOTHEBY'S INTERNATIONAL REALTY (508) 548-2522
Listing date Apr 2, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of SOTHEBY'S INTERNATIONAL REALTY
HighLights
- Premium location in the heart of Falmouth Village.
- Versatile two‑unit commercial condo with potential for rental income.
- Plentiful parking.
- Well‑maintained and in pristine condition.
- First‑floor unit features three private offices, communal kitchen/flex space, and half bath.
- Upstairs unit provides three additional rooms and a half bath.
Overview
Local Financial Insights For Office B
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 | $47.3k | $35.04 |
| − Vacancy | −$9.5k | −$7.01 |
| EGI | $37.8k | $28.03 |
| − OpEx | −$9.5k | −$7.01 |
| NOI | $28.4k | $21.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Falmouth
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -70.6236
- Latitude
- 41.5541