Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Iconic Orleans Property with Potential Title is generated by Realmo AI

    212 Main Street, Orleans, MA 02653

    View on Map
    Claim this Listing
    Pending
    $1,900,000

    COMMERCIAL - Orleans, MA

    Property size:
    4,887 SF
    Lot size:
    1.79 Acres
    Added:
    Jan 11, 2025
    Days on Market:
    496
    Last Refresh:
    May 22 at 10:06 am

    Property Features for 212 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Paved or Surfaced, Driveway, Parking Lot
    Basement
    Full
    Standard status
    Pending
    APN
    35-70-0
    Size
    4,887 SF
    Lot size
    1.79 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2783

    Utilities

    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1974
    Floors in Building
    1
    Flooring type
    Wood, Tile

    We can help!

    Listing Contact
    Whitaker Group Cape Cod

    Listing agent Whitaker Group Cape Cod

    Listing office Gibson Sotheby's International Realty 6 Route 6A, Brewster, MA

    Listing date Jan 11, 2025

    MLS# 22500108

    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 East Orleans location with high visibility.
    • Large 1.79‑acre property across three parcels.
    • Ample on‑site parking, a rare feature.
    • Property has a rich history as a local landmark.
    • Main building currently configured as seven apartments, offering immediate rental income potential (subject to town approval).
    • Town sewer access expected by January 2026.

    Overview

    This 1.79-acre property, located in East Orleans, presents a unique opportunity. Formerly home to Kadee's Lobster & Clam Bar, a fish market, a gift shop, and the Apple Grove Mini Golf, the site at 212, 214, and 216 Main Street features a main building divided into seven apartments. The property was also once home to Kadee's Gray Elephant Inn. Any plans to maintain the apartments will require town approval. The location offers high visibility and ample on-site parking. Town sewer is at the street and expected to be ready for tie-in by January 2026. The property spans 4,887 square feet across three parcels. Potential uses include hospitality, housing, or other ventures.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $1.09M
    NOI $97,927 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.40M
    NOI $97,927 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.96M
    NOI $97,927 @ 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 Apartment 5plus

    Component $ $/SF
    Gross rent $183.6k $37.56
    − Vacancy −$5.5k −$1.13
    EGI $178.0k $36.43
    − OpEx −$80.1k −$16.39
    NOI $97.9k $20.04
    4,887 SF · lease $37.56/SF/yr · vacancy 3.00% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,927 @ 7.0% cap · market cap 5.15%
    Second Best
    Hotel Hospitality
    $875.5K
    $766.0K – $1.02M (±1% cap)
    NOI $61,283 @ 7.0% cap · market cap 3.23%
    Theoretical Best
    Office A
    $1.99M
    $1.74M – $2.32M (±1% cap)
    NOI $139,404 @ 7.0% cap · market cap 7.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hotel & Motel Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orleans
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -69.966669
    Latitude
    41.785118

    Nearby Similar for Sale

    • $3,900,000
      14,341 SF

      Orleans Office Building For Sale

      14,340 SF office building on 2.6+ acres in Orleans.
      8 Cardinal Lane, Orleans, MA 02653
      View Details
    • $1,399,000
      3,595 SF

      Orleans Commercial Condo on Main

      3,595 SF commercial condo in the center of town.
      32 Main Street, Orleans, MA 02653
      View Details
    • $850,000
      812 SF

      Orleans Professional Office For Sale

      Well-known Orleans office building with high visibility and ample parking.
      170 Massachusetts 6A, Orleans, MA 02653
      View Details
    • $1,350,000
      4,416 SF

      Orleans Landmark: Mixed-Use Opportunity

      Prime in-town location with apartments and retail space.
      21 S Orleans Road, Orleans, MA 02653
      View Details
    • $950,000
      1,548 SF

      Turnkey Commercial Building in Orleans

      Renovated mixed-use building in top location with highway access.
      29 West Road, Orleans, MA 02653
      View Details
    • $3,500,000
      4,156 SF

      Orleans Restaurant & Real Estate

      Established restaurant and commercial real estate package in Orleans, MA.
      46 RT 6A, Orleans, MA 02653
      View Details
    • $1,800,000
      1,920 SF

      Orleans Commercial/Industrial Flex Space

      Versatile commercial property suitable for storage, manufacturing, or service operations.
      9 Rayber Road, Orleans, MA 02653
      View Details
    • $1,900,000
      3,843 SF

      Orleans Mixed-Use Investment Opportunity

      Three parcels in Orleans' Village Center District, excellent investment property.
      88 Route 6A, Orleans, MA 02653
      View Details
    • $695,000
      3,670 SF

      Iconic Cape Cod Lantern Business

      Historic lantern business for sale in Orleans Village.
      48 Main Street, Orleans, MA 02653
      View Details
    • $695,000
      3,670 SF

      Historic Cape Cod Lantern Business

      Iconic lantern business for sale in Orleans Village.
      48 Main Street, Orleans, MA 02653
      View Details
    • $679,000
      1,693 SF

      Turnkey Restaurant with Patio Seating

      East Orleans restaurant with seating, patio, and liquor license.
      222 Main St, Orleans, MA 02653
      View Details
    • $3,975,000
      15,100 SF

      Mixed-Use Property in Orleans, MA

      Landmark mixed-use property with residential and commercial spaces in Orleans.
      80-82 Massachusetts 6A, Orleans, MA 02653
      View Details

    FAQs

    What type of property is this?
    Hotel - East Orleans property with high visibility and ample parking.
    Where is this hotel located?
    The property is located at 212 Main Street Orleans, MA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Prime East Orleans location with high visibility.; Large 1.79‑acre property across three parcels.; Ample on‑site parking, a rare feature.
    (508) 237-8038
    We can help!
    Listing Contact
    Whitaker Group Cape Cod
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    212 Main Street, Orleans, MA 02653
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!