Building Details

Year built 1929

Floors in Building 2

Flooring type Hardwood

Building materials Shingle Siding

Roof type Shingle, Asphalt

Listing Agency: Kinlin Grover Compass Show Phone

Listed By: Nat S Santoro · License #141467 Show Phone

Added: Feb 2 Changed: Oct 8 Last Checked: Oct 16 at 8:06AM

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MLS# 22600314

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 office building at 2548 State Hwy Rte 6 in Wellfleet dates to 1929 and features shingle siding, hardwood flooring, shingle and asphalt roofing, and oil heat. The property is currently occupied by tenants and includes an office use within a 0.79-acre parcel.

The building is positioned on Route 6 near the Wellfleet Center intersection, with access to the surrounding commercial area. Water is supplied by a well, and wastewater is handled by a septic tank. The property is located in Barnstable County, Massachusetts.

Key Highlights

• 0.79‑acre parcel in Wellfleet
• Located on Route 6 near the Wellfleet Center intersection
• Office building constructed in 1929

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,958

Cap Rate

5.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$919,160 $919.2K

Cap Rate 7%

$656,543 $656.5K

Cap Rate 9%

$510,644 $510.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,186 SF

Gross rent

$76.6K $35.04/SF

− Vacancy

−$15.3K −$7.01/SF

EGI

$61.3K $28.03/SF

− OpEx

−$15.3K −$7.01/SF

NOI

$46.0K $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%

$919,160

Cap Rate 7%

$656,543

Cap Rate 9%

$510,644

Alternative Uses

Best Use

Office B

$656.5K

$574.5K – $766.0K (±1% cap)

NOI $45,958 @ 7.0% cap · market cap 5.41%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$890.8K

$779.5K – $1.04M (±1% cap)

NOI $62,357 @ 7.0% cap · market cap 7.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Building Supply Auto Repair Shop Parking Lot & Garage Plumbing Service Grocery & Convenience Store Kitchen & Bath Showroom

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

101

Businesses Nearby

Explore this area Business Placement

Demographics for 02667, MA

3,309

Population

4,139

Households

0.8

Avg Household Size

60

Median Age

56%

College-Educated

99%

High-School Grad

16.9 sq mi

ZIP Area

196

Density / Sq Mi

$115,469

Median Household Income

$48,186

Median Earnings

$1,200

Median Rent

$760,000

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

What type of property is this?

Office building - Existing tenants occupy an office property served by well water and a septic system.

Where is this office building located?

The property is located at 2548 STATE HWY RTE 6 Wellfleet, MA.

What is the asking price?

The asking price for this property is $849,000.

What are key features of this property?

This property features: 0.79‑acre parcel in Wellfleet; Located on Route 6 near the Wellfleet Center intersection; Office building constructed in 1929