Office Units with Private
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155 Katherine Lee Bates Rd # Upper, Falmouth, MA 02540
Office configuration includes reception, private offices, conference, and break-room areas.
Property Size1,990 SF
Price / SF$1.01
Days on Market47
Property Features for 155 Katherine Lee Bates Rd # Upper
General Information
Standard status
Active
Size
1,990 SF
Elevators
Yes
Property subtype
Commercial
Zoning
B3
Building Details
Year Built
1925
Listing Agency:
Hartel Realty
(508) 444-0172
Listed By:
Greg Hartel · License #9511655
(617) 256-3169
Source:
Churchillprop
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 30 at 12:03PM
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 Hartel Realty
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Investment Insights
Based on property information with market context.
The upper office unit at 155 Katherine Lee Bates Rd includes approximately 1,990 SF within a building constructed in 1925. The layout provides a reception area, two open work areas, two private offices, a conference room, and a break room, with shared restrooms and both elevator and stair access. A private entrance and exit serve the unit.
The property is positioned parallel to downtown Main Street and Rte 28, with on-site parking and daily traffic activity in the surrounding area. Signage opportunities are available on both the building and a pylon. The property carries B3 zoning.
The property is positioned parallel to downtown Main Street and Rte 28, with on-site parking and daily traffic activity in the surrounding area. Signage opportunities are available on both the building and a pylon. The property carries B3 zoning.
Key Highlights
- Approximately 1,990± SF upper office unit
- Two private offices plus two large open work areas
- Reception area, conference room, and break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,838
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,760
$836.8K
Cap Rate 7%
$597,686
$597.7K
Cap Rate 9%
$464,867
$464.9K
Market Conditions
NOI Build-Up for 1,990 SF
Gross rent
$69.7K $35.04/SF
− Vacancy
−$13.9K −$7.01/SF
EGI
$55.8K $28.03/SF
− OpEx
−$13.9K −$7.01/SF
NOI
$41.8K $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%
$836,760
Cap Rate 7%
$597,686
Cap Rate 9%
$464,867
Alternative Uses
Best Use
Office B
$597.7K
$523.0K – $697.3K
NOI $41,838 @ 7.0% cap · market cap 2,091.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$810.9K
$709.6K – $946.1K
NOI $56,766 @ 7.0% cap · market cap 2,838.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
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Business Placement
Demographics for 02540, MA
8,450
Population
6,200
Households
1.4
Avg Household Size
61
Median Age
59%
College-Educated
94%
High-School Grad
11.0 sq mi
ZIP Area
768
Density / Sq Mi
$88,266
Median Household Income
$52,243
Median Earnings
$1,328
Median Rent
$756,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office configuration includes reception, private offices, conference, and break-room areas.
Where is this office unit located?
The property is located at 155 Katherine Lee Bates Rd # Upper Falmouth, MA.
What are key features of this property?
This property features: Approximately 1,990± SF upper office unit; Two private offices plus two large open work areas; Reception area, conference room, and break room
