Orleans Landmark: Mixed-Use
21 S Orleans Road, Orleans, MA 02653
- Added:
- Apr 16, 2026
- Days on Market:
- 37
- Last Refresh:
- May 22 at 8:06 pm
Property Features for 21 S Orleans Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Basement
- Partial
- Appliances
- Water Heater
- Standard status
- Active
- APN
- ORLE M:026.0 B:0067 L:0000.0
- Size
- 4,416 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7994
Utilities
- Heating system
- Oil
- Water source
- Public
Building Details
- Year built
- 1840
- Floors in Building
- 3
- Flooring type
- Carpet, Laminate, Wood
- Building materials
- Shingle Siding
- Roof type
- Asphalt
Listing agent Tracey E Oringer (508) 292-9775
Listing office Kinlin Grover Compass 32 Main Street, Plymouth, MA (508) 255-3001
Listing date Apr 16, 2026
MLS# 22601510
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
- Prime in‑town location with high visibility on Route 28 and views of Town Cove.
- Multi‑use property: retail space with two rental apartments for income.
- Ample parking (15 spaces) for retail customers and tenants.
- Two upstairs apartments (2‑bedroom and 1‑bedroom) with water views.
- Additional 600 sqft walk‑out lower level for office or storage.
- Opportunity for inventory buy‑out from seller (separate negotiation).
Overview
This stately Orleans landmark features an ideal in-town location with high visibility and multi-use capabilities, including apartments and retail space. The sale includes the land and building. The prime retail space overlooks Route 28 at the front, providing exposure, and Town Cove at the rear. The retail space is accessible at street level and includes ample parking with 15 spaces, along with office and break room areas. The property also features two upstairs apartments that generate rental income. One unit has two bedrooms, while the other has one bedroom, and both offer water views. The walk-out lower level provides approximately 600 square feet of additional office or storage space. With its central location, versatile use, and large square footage, this building presents an opportunity for business owners and investors. The property has a size of 4416 square feet and is situated on a 0.46-acre lot.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.01M
NOI $90,696 @ 9.00% cap · cautious / downside scenario
Moderate
$1.30M
NOI $90,696 @ 7.00% cap · market / base-case scenario
Aggressive
$1.81M
NOI $90,696 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.5k | $30.00 |
| − Vacancy | −$2.9k | −$0.66 |
| EGI | $129.6k | $29.34 |
| − OpEx | −$38.9k | −$8.80 |
| NOI | $90.7k | $20.54 |
4,416 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.30M
$1.13M – $1.51M
NOI $90,696 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$1.26M
$1.11M – $1.47M
NOI $88,489 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,968 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Yak Arts International
Gift Shop
Location Insight
- Map
- Local Demand
- City
- Orleans
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -69.987102
- Latitude
- 41.789787
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - In-town location with high visibility, apartments, and retail space.
Where is this mixed-use property located?
The property is located at 21 S Orleans Road Orleans, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime in‑town location with high visibility on Route 28 and views of Town Cove.; Multi‑use property: retail space with two rental apartments for income.; Ample parking (15 spaces) for retail customers and tenants.
