Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1547 Main St Chatham, MA 02633

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $1,495,000

    Employee housing facility with 15 rooms and 33 beds.

    Property size:
    5,547 SF
    Lot size:
    0.78 Acres

    Property Features for 1547 Main St

    General Information

    Standard status
    Contract
    Size
    5,547 SF
    Lot size
    0.78 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    James A Peterson
    Source: Corcoran

    Listing Agency: PETERSON REALTY INC. Listing Agent: James A Peterson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Employee Housing Facility For Sale

    This property is an ideal facility for employee housing, which has been its use for many years. It consists of 15 rooms, each with private bathrooms, and a total of 33 beds. Most rooms feature combination heat and air conditioning. The main building includes a common kitchen and laundry facility. Unit 11 is a double room with its own kitchen. The property also features two new outside enclosed showers. The property size is 5547 square feet and is located directly on the B-Bus route.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -69.990738
    Latitude
    41.6820806

    Nearby Similar for Sale

    • $1,499,000
      2,015 SF

      Chatham Office Space For Sale

      2,015 SF office space in downtown Chatham.
      856 Main St, Chatham, MA 02633
      View Details
    • $1,150,000
      Pending

      Chatham Commercial Building/Warehouse For Sale

      Commercial building/warehouse with multiple uses in Chatham's industrial area.
      70 Enterprise Dr, Chatham, MA 02633
      View Details
    • $599,900
      1,260 SF

      Renovated Office Space in Chatham

      Exceptional, renovated office space in the heart of Chatham.
      6 Munson Meeting Way, Chatham, MA 02633
      View Details
    • $299,900
      Pending

      Chatham Retail/Office Condo For Sale

      546 SF renovated retail/office condo near Chatham Center.
      25 Post Office Sq, Chatham, MA 02633
      View Details
    • $425,000
      1,123 SF

      North Chatham Corner Office Space

      Spacious 1,123 sq ft corner office in North Chatham.
      212 Orleans Rd, North Chatham, MA 02650
      View Details
    • New
      $1,395,000
      2,400 SF

      Chatham Restaurant Business and Real Estate

      Turn-key restaurant opportunity on Main Street in Chatham, Massachusetts.
      1200 Main St, Chatham, MA 02633
      View Details
    • $950,000
      2,252 SF

      Cape Cod Restaurant & Real Estate

      Successful restaurant with real estate and living accommodations for sale.
      2653 Main St, South Chatham, MA 02659
      View Details
    • $25,000,000
      13,388 SF

      Chatham Motel with Ocean Views

      Rare opportunity: 32-unit motel on 3.2 acres with private beach.
      196 Shore Rd, Chatham, MA 02633
      View Details
    • $599,900
      1,260 SF

      Renovated Office in Prime Location

      Two-story office space with modern finishes and convenient location.
      6 Munson Meeting Way, Chatham, MA 02633
      View Details
    • $1,499,000
      2,015 SF

      Downtown Chatham Office Building For Sale

      2,015 SF office space in downtown Chatham.
      856 Main St, Chatham, MA 02633
      View Details
    • $1,150,000
      3,170 SF

      Chatham Commercial Building/Warehouse For Sale

      Commercial building/warehouse with multiple uses in Chatham industrial area.
      70 Enterprise Dr, Chatham, MA 02633
      View Details
    • $1,150,000
      3,171 SF

      Chatham Commercial Building/Warehouse For Sale

      Commercial building/warehouse with multiple uses in an industrial area.
      70 Enterprise Dr, Chatham, MA 02633
      View Details

    FAQs

    What type of property is this?
    Specialty property - Employee housing facility with 15 rooms and 33 beds.
    Where is this specialty property located?
    The property is located at 1547 Main St Chatham, MA.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Ideal for Employee Housing: Established history.; - 15 Rooms with Private Bathrooms: Offers privacy and convenience.; - Convenient Location on B-Bus Route: Provides easy access to transportation.
    (508) 432-1220
    Request Owner's contact information
    1547 Main St Chatham, MA 02633
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1547 Main St
    Chatham, MA 02633
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1547 Main St Chatham, MA 02633
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James A Peterson
    (508) 432-1220
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!