Building Details

Building Size 637 SF

Year Built 1984

Stories 2

Listing Agency: Classic Cape Real Estate, LLC

Listed By: Ken Hager Show Phone

Source: Link.flexmls

Added: Oct 30 Last Checked: Oct 30 at 10:10AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Classic Cape Real Estate, LLC

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,392

Suggested Prices Based on Cap Rates

Cap Rate 5%

$267,840 $267.8K

Cap Rate 7%

$191,314 $191.3K

Cap Rate 9%

$148,800 $148.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 637 SF

Gross rent

$22.3K $35.04/SF

− Vacancy

−$4.5K −$7.01/SF

EGI

$17.9K $28.03/SF

− OpEx

−$4.5K −$7.01/SF

NOI

$13.4K $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%

$267,840

Cap Rate 7%

$191,314

Cap Rate 9%

$148,800

Alternative Uses

Best Use

Office B

$191.3K

$167.4K – $223.2K (±1% cap)

NOI $13,392 @ 7.0% cap · market cap 1,409.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$259.6K

$227.1K – $302.9K (±1% cap)

NOI $18,171 @ 7.0% cap · market cap 1,912.74%

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

Bridges Insurance Group ... Insurance Agency Falmouth Chiropractic: Lakatos ... Alternative Medicine Practice Muse Salon Hair Salon Hartel Realty Real Estate Agency Appraisal Company of New ... Real Estate Agency

Suggested Use

Top Pick Storage Facility Electrical Service Locksmith (Bike/Boat/Book/etc) Store Auto Parts Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,044

Businesses Nearby

Explore this area Business Placement

Demographics for 02540, MA

8,450

Population

6,200

Households

1.4

Avg Household Size

61

Median Age

59%

College-Educated

94%

High-School Grad

11.0 sq mi

ZIP Area

768

Density / Sq Mi

$88,266

Median Household Income

$52,243

Median Earnings

$1,328

Median Rent

$756,300

Median Home Value

Market

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

Where is this office unit located?

The property is located at 230 Jones Road STE 4 Falmouth, MA.