Building Details

Construction post-and-beam

Listing Agency: Premier Commercial Show Phone

Listed By: Michael Valentine Show Phone

Source: Exprealty

Added: Nov 5, 2025 Changed: Aug 30 Last Checked: Aug 30 at 6:14PM

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Investment Insights

Based on property information with market context.

Located at 156 Teaticket Hwy in Teaticket, Massachusetts, this fully furnished 6,000± SF short-term rental property combines a distinctive post-and-beam design with a broad residential layout. The main home offers 6 bedrooms, 4 baths, 2 living rooms, an open kitchen, dining area, and office space. Interior details include exposed beams, high ceilings, two large bunk rooms, and a separate TV lounge.

A private 2-bedroom, 2-bath apartment has its own entrance, providing additional accommodation within the property. The second floor includes a full yoga studio. Outdoor features include a patio with built-in seating, fire pit, fenced yard, and two outdoor showers.

The property is less than a mile from Falmouth Heights Beach and the Island Queen Ferry, with downtown Falmouth also nearby. It is offered fully furnished for continued short-term rental use, family occupancy, or multi-unit living.

Key Highlights

• Fully furnished 6, 000± SF home
• 6 bedrooms, 4 baths, 2 living rooms, open kitchen, dining area, and office space
• Private 2‑bedroom, 2‑bath apartment with separate entrance

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

$120,230

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

5.23%

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%

$2,404,600 $2.4M

Cap Rate 7%

$1,717,571 $1.7M

Cap Rate 9%

$1,335,889 $1.3M

Market Conditions

NOI Build-Up for 6,000 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

$225.4K $37.56/SF

− Vacancy

−$6.8K −$1.13/SF

EGI

$218.6K $36.43/SF

− OpEx

−$98.4K −$16.39/SF

NOI

$120.2K $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%

$2,404,600

Cap Rate 7%

$1,717,571

Cap Rate 9%

$1,335,889

Alternative Uses

Best Use

Apartment 5plus

$1.72M

$1.50M – $2.00M (±1% cap)

NOI $120,230 @ 7.0% cap · market cap 5.23%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.45M

$2.14M – $2.85M (±1% cap)

NOI $171,153 @ 7.0% cap · market cap 7.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Locksmith (Bike/Boat/Book/etc) Store Catering Service Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this short term rental properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Short term rental property - The property includes six bedrooms, four baths, multiple living areas, and a separate two-bedroom apartment.

Where is this short term rental property located?

The property is located at 156 Teaticket Hwy Teaticket, 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 6, 000± SF home; 6 bedrooms, 4 baths, 2 living rooms, open kitchen, dining area, and office space; Private 2‑bedroom, 2‑bath apartment with separate entrance