Office Condominium with
New
For Sale
$299,000
216 Orleans Road, North Chatham, MA 02650
Commercial Sale, North Chatham, MA
Property Size420 SF
Price / SF$711.90
Days on Market2
Property Features for 216 Orleans Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
SB
Parking
50
Interior features
High Speed Internet
Basement
Full
Appliances
Water Heater
Elementary school district
Monomoy
Middle school district
Monomoy
High school district
Monomoy
Directions
Route 28 (Orleans Road) to Stony Hill Road in North Chatham. Property is located at the corner of Route 28 and Stony Hill Road, next to the North Chatham Post Office.
Subdivision
Chatham
Standard status
Active
APN
14H-64-X216C
Size
420 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
333
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Flooring type
Wood
Building materials
Concrete, Shingle Siding
Roof type
Asphalt
Listing Agency:
Compass Massachusetts, LLC
(508) 206-8726
Listed By:
Samantha L Steward
(508) 783-0611
Added: Oct 21
Last Checked: Oct 22 at 6:06AM
MLS# 22605364
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.
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Investment Insights
Based on property information with market context.
This 420-square-foot office condominium has a flexible floor plan, wood flooring, updated lighting, and a dedicated sink area. Basement storage adds space for business supplies or equipment. The building dates to 1986 and has central air conditioning, forced-air natural gas heat, and high-speed internet service.
At 216 Orleans Road in North Chatham, the property is part of Nickerson Corners, a mixed-use condominium community. Downtown Chatham, restaurants, shops, and local beaches are described as a short drive away.
At 216 Orleans Road in North Chatham, the property is part of Nickerson Corners, a mixed-use condominium community. Downtown Chatham, restaurants, shops, and local beaches are described as a short drive away.
Key Highlights
- 420 square feet of commercial condominium space
- Flexible floor plan with a dedicated sink area
- Separate basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,830
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,600
$176.6K
Cap Rate 7%
$126,143
$126.1K
Cap Rate 9%
$98,111
$98.1K
Market Conditions
NOI Build-Up for 420 SF
Gross rent
$14.7K $35.04/SF
− Vacancy
−$2.9K −$7.01/SF
EGI
$11.8K $28.03/SF
− OpEx
−$2.9K −$7.01/SF
NOI
$8.8K $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%
$176,600
Cap Rate 7%
$126,143
Cap Rate 9%
$98,111
Alternative Uses
Best Use
Office B
$126.1K
$110.4K – $147.2K
NOI $8,830 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$171.2K
$149.8K – $199.7K
NOI $11,981 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
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Business Placement
Demographics for 02650, MA
829
Population
808
Households
1
Avg Household Size
67
Median Age
58%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
592
Density / Sq Mi
$65,982
Median Household Income
$52,885
Median Earnings
$973,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible commercial suite includes a dedicated sink area and separate basement storage.
Where is this office unit located?
The property is located at 216 Orleans Road North Chatham, MA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 420 square feet of commercial condominium space; Flexible floor plan with a dedicated sink area; Separate basement storage
