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    Falmouth Village Commercial Condo Title is generated by Realmo AI

    15 Simpson, Falmouth, MA 02540

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    For Sale
    $395,000

    Two-unit commercial condo in the heart of Falmouth Village.

    Type:Commercial
    Property size:
    1,349 SF
    Price / SF:
    $292/SF
    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

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    Listing Contact
    DANIELLE ROKOSZ

    Listing agent DANIELLE ROKOSZ

    Listing office SOTHEBY'S INTERNATIONAL REALTY

    Listing date Apr 2, 2025

    Source Corcoran

    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 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

    This well-maintained, free-standing Cape Saltbox-style commercial condo is located in the heart of Falmouth Village. The property features two units, offering versatile office space in a premium location, complete with plentiful parking. The first-floor unit provides sunny, professional spaces, featuring three private offices, a communal kitchen/flex/copy room space, a possible fourth open area, and a half bath. The upstairs unit includes three additional rooms and a half bath, offering flexibility for a variety of business needs. With a total property size of 1349 square feet, this property is suitable for professionals seeking office space or rental income.

    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
    1,349 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $405.2K
    $354.5K – $472.7K (±1% cap)
    NOI $28,361 @ 7.0% cap · market cap 7.18%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $549.7K
    $481.0K – $641.4K (±1% cap)
    NOI $38,481 @ 7.0% cap · market cap 9.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Falmouth
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.6236
    Latitude
    41.5541

    FAQs

    What type of property is this?
    Office units - Two-unit commercial condo in the heart of Falmouth Village.
    Where is this office units located?
    The property is located at 15 Simpson Falmouth, MA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Premium location in the heart of Falmouth Village.; Versatile two‑unit commercial condo with potential for rental income.; Plentiful parking.
    More about this property
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