Furnished Short-Term Rental
For Sale
$2,300,000
156 Teaticket Highway, Falmouth, MA 02540
Commercial Sale, Falmouth, MA
Property Size5,760 SF
Lot Size0.32 Acres
Price / SF$399.31
Days on Market305
Property Features for 156 Teaticket Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
B2
Basement
Finished
Appliances
Tankless Water Heater
Elementary school district
Falmouth
Middle school district
Falmouth
High school district
Falmouth
Directions
Take Route 28 to 156 Teaticket Highway.
Subdivision
Falmouth
Standard status
Active
APN
FALM 39 S:23 P:011 L:000
Size
5,760 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9515
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
exposed beams
high ceilings
bunk rooms
TV lounge
outdoor patio
fire pit
fenced yard
outdoor showers
yoga studio
Building Details
Year built
2003
Floors in Building
2
Flooring type
Hardwood
Building materials
Shingle Siding
Roof type
Asphalt
Listing Agency:
Premier Commercial
(508) 815-5700
Listed By:
Mike Valentine
(508) 958-6927
Added: Nov 3, 2025
Changed: Sep 2
Last Checked: Sep 4 at 6:06AM
MLS# 22505493
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully furnished short-term rental property, built in 2003, combines a post-and-beam design with exposed beams, high ceilings, hardwood flooring, and multiple gathering areas. The home includes 6 bedrooms, 4 baths, two living rooms, an open kitchen, dining area, office space, two large bunk rooms, and a separate TV lounge. A private 2-bedroom, 2-bath apartment has its own entrance. The second floor also provides a dedicated yoga studio.
Outdoor improvements include an approximately 800-square-foot patio with built-in seating, a fire pit, fenced yard, and two outdoor showers. The property is located at 156 Teaticket Highway in Falmouth, less than a mile from Falmouth Heights Beach and the Island Queen Ferry, with downtown Falmouth also identified nearby. Public water and public sewer serve the property, with natural gas forced-air heat, central air, and a tankless water heater.
Outdoor improvements include an approximately 800-square-foot patio with built-in seating, a fire pit, fenced yard, and two outdoor showers. The property is located at 156 Teaticket Highway in Falmouth, less than a mile from Falmouth Heights Beach and the Island Queen Ferry, with downtown Falmouth also identified nearby. Public water and public sewer serve the property, with natural gas forced-air heat, central air, and a tankless water heater.
Key Highlights
- Fully furnished property with 6 bedrooms, 4 baths, two living rooms, kitchen, dining area, and office space
- Private 2‑bedroom, 2‑bath apartment with separate entrance
- Approximately 800+/- SF outdoor patio with built‑in seating and fire pit
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
$115,420
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
5.02%
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%
$2,308,400
$2.3M
Cap Rate 7%
$1,648,857
$1.6M
Cap Rate 9%
$1,282,444
$1.3M
Market Conditions
NOI Build-Up for 5,760 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
$216.3K $37.56/SF
− Vacancy
−$6.5K −$1.13/SF
EGI
$209.9K $36.43/SF
− OpEx
−$94.4K −$16.39/SF
NOI
$115.4K $20.04/SF
Area
Barnstable County, MA
Vacancy
3.00%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
45.00%
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%
$2,308,400
Cap Rate 7%
$1,648,857
Cap Rate 9%
$1,282,444
Alternative Uses
Best Use
Apartment 5plus
$1.65M
$1.44M – $1.92M
NOI $115,420 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.05M – $2.74M
NOI $164,307 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished coastal rental with a private apartment, outdoor entertaining space, and flexible multi-living configuration.
Where is this short term rental property located?
The property is located at 156 Teaticket Highway Falmouth, MA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Fully furnished property with 6 bedrooms, 4 baths, two living rooms, kitchen, dining area, and office space; Private 2‑bedroom, 2‑bath apartment with separate entrance; Approximately 800+/- SF outdoor patio with built‑in seating and fire pit
