Turnkey Rental Investment
For Sale
$2,300,000
156 Teaticket Highway, Falmouth, MA 02540
Fully furnished 6-bedroom home near Falmouth Heights Beach.
Property Size5,760 SF
Price / SF$399.31
Days on Market357
Property Features for 156 Teaticket Highway
General Information
Standard status
Active
Size
5,760 SF
Property subtype
Commercial
Building Details
Year Built
2003
Listing Agency:
Premier Commercial
Listed By:
Mike Valentine · License #9586142
(508) 815-5700
Source:
Premiercommercial
Added: Sep 14, 2025
Changed: Sep 4
Last Checked: Aug 16 at 2:33PM
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 Premier Commercial
Investment Insights
Based on property information with market context.
This 6,000± SF, fully furnished home presents a turnkey rental investment opportunity. The property features 6 bedrooms, 4 baths, 2 living rooms, an open kitchen, a dining area, and office space. Distinctive post-and-beam construction is highlighted by exposed beams and high ceilings. Two large bunk rooms and a secondary TV lounge provide additional living space. Outdoor amenities include a patio with built-in seating, a fire pit, a fenced yard, and two outdoor showers. A private 2-bedroom, 2-bath apartment with a separate entrance offers flexibility for guests or rental income. The second floor includes a full Yoga studio. Located less than a mile from Falmouth Heights Beach and the Island Queen Ferry, the property is ideally situated near beaches, the ferry, and downtown Falmouth. It is suitable for continued short-term rental, use as a family compound, or multi-unit living and is offered fully furnished and ready for immediate use or income generation.
Key Highlights
- Turnkey, fully furnished 6‑bedroom home ready for immediate rental income generation.
- Prime location less than a mile from Falmouth Heights Beach and the Island Queen Ferry.
- Includes a private 2‑bedroom, 2‑bath apartment with separate entrance for guests or rental income.
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
Location Intelligence
Trade Area within ½ mile
282
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 6-bedroom home near Falmouth Heights Beach.
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: Turnkey, fully furnished 6‑bedroom home ready for immediate rental income generation.; Prime location less than a mile from Falmouth Heights Beach and the Island Queen Ferry.; Includes a private 2‑bedroom, 2‑bath apartment with separate entrance for guests or rental income.
