20 Bank Street, Wellfleet, MA 02667
COMMERCIAL - Wellfleet, MA
- Added:
- May 22, 2025
- Days on Market:
- 411
- Last Refresh:
- Jul 6 at 8:06 am
Property Features for 20 Bank Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 10
- Parking features
- Off Street
- Interior features
- High Speed Internet
- Fencing
- Fenced
- Basement
- Partial
- Appliances
- Water Heater
- Standard status
- Active
- APN
- 15-85-0
- Size
- 3,119 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4573
Utilities
- Sewer type
- Septic Tank
- Heating system
- Oil
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1945
- Floors in Building
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Wood Frame, Barnboard
- Roof type
- Asphalt
Listing agent Dawn Lee (508) 237-5399
Listing office Gibson Sotheby's International Realty 2404 Main Street, Brewster, MA (508) 896-5000
Listing date May 22, 2025
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.
HighLights
- Blue Heron Gallery property with Commercial and Residential zoning (buyer to verify intended uses)
- Built in 1945; originally a cottage in Truro, relocated to the current location in the 1970s
- Recent improvements include newer roof, updated windows, Azek trim, and refreshed landscaping
- Utilities: well water and septic tank system; buyer responsible for completing post‑closing septic repair
- Board of Health‑approved septic repair plan available with estimated cost of approximately $6k–$8k
- Heating: oil; cooling: central air; flooring includes carpet and vinyl; off‑street parking; fenced yard
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.3k | $35.04 |
| − Vacancy | −$21.9k | −$7.01 |
| EGI | $87.4k | $28.03 |
| − OpEx | −$21.9k | −$7.01 |
| NOI | $65.6k | $21.02 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Outer Cape Carpets — 2766 US-6, Wellfleet, MA 02667
Location Insight
- Map
- Local Demand
- City
- Wellfleet
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -70.030388
- Latitude
- 41.937597
