161 Lovells Ln, Barnstable, MA 02648

Building Details

Year Built 1988 More

Listing Agency: Commercial Realty Advisors, Inc.

Listed By: Kevin A. Pepe Show Phone

Source: Lockandkeyre

Added: Oct 29 Changed: Nov 6 Last Checked: Nov 6 at 3:53PM

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Investment Insights

Based on property information with market context.

This 768-square-foot office suite is on the ground floor and includes a reception and waiting area, a private office, and a kitchenette with cabinetry and a sink. Natural light, neutral finishes, and wood-look flooring complete the interior. The space is one of two individually metered ground-floor units, and the building dates to 1988.

At 161 Lovells Lane in Marstons Mills village, the office is near Route 149 and offers access to Route 28. Morning Glory Café on Cotuit Road and the Marstons Mills Public Library on Main Street are nearby.

Key Highlights

• 768‑square‑foot ground‑floor office suite
• Reception and waiting area, separate private office, and kitchenette with cabinetry and sink
• One of two ground‑floor units with individual utility metering

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,146

Suggested Prices Based on Cap Rates

Cap Rate 5%

$322,920 $322.9K

Cap Rate 7%

$230,657 $230.7K

Cap Rate 9%

$179,400 $179.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 768 SF

Gross rent

$26.9K $35.04/SF

− Vacancy

−$5.4K −$7.01/SF

EGI

$21.5K $28.03/SF

− OpEx

−$5.4K −$7.01/SF

NOI

$16.1K $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%

$322,920

Cap Rate 7%

$230,657

Cap Rate 9%

$179,400

Alternative Uses

Best Use

Office B

$230.7K

$201.8K – $269.1K (±1% cap)

NOI $16,146 @ 7.0% cap · market cap 1,196.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$313.0K

$273.9K – $365.1K (±1% cap)

NOI $21,908 @ 7.0% cap · market cap 1,622.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Repair Shop Law Firm Big Box & Wholesale Store Spa & Massage 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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Explore this area Business Placement

Demographics for 02648, MA

7,325

Population

3,476

Households

2.1

Avg Household Size

51

Median Age

40%

College-Educated

95%

High-School Grad

10.0 sq mi

ZIP Area

733

Density / Sq Mi

$131,125

Median Household Income

$53,788

Median Earnings

$1,533

Median Rent

$580,700

Median Home Value

Market

Average Price Trend$/SF for Office Units in Barnstable County, MA

$375 Jul

$324 Aug

$233 Sep

$214 Oct

Properties on Market for Office Units in Barnstable County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - The suite has its own utility meter, supporting separate billing from the other ground-floor office.

Where is this office unit located?

The property is located at 161 Lovells Ln Barnstable, MA.

What are key features of this property?

This property features: 768‑square‑foot ground‑floor office suite; Reception and waiting area, separate private office, and kitchenette with cabinetry and sink; One of two ground‑floor units with individual utility metering