Functional Commercial Space For
For Sale
Contact for pricing
2741 Cranberry Highway, Wareham, MA 02571
Versatile commercial space suitable for owner-operated business with minimal configuration.
Property Size2,150 SF
Price / SF$232.09
Days on Market105
Property Features for 2741 Cranberry Highway
General Information
Standard status
Active
Size
2,150 SF
Property subtype
Business for Sale, Retail
Zoning
Commercial Strip
Investment Type
Owner/User
Building Details
Year Built
1940
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Commercial Realty Advisors, Inc.
(508) 862-9000
Listed By:
Kevin Pepe · License #MA- 9534628
Source:
Crexi
Added: May 15
Changed: Aug 17
Last Checked: Aug 25 at 9:34PM
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 Commercial Realty Advisors, Inc.
Investment Insights
Based on property information with market context.
This commercial space offers a functional, owner-operated environment, featuring a combination of office finishes and operational workspace. The layout includes production areas designed for efficient workflow, equipped with wide-span work tables, designated equipment zones, and durable flooring suitable for commercial use. The property spans 2150 square feet. The current setup allows for occupancy with minimal configuration, depending on the intended use.
Key Highlights
- Functional, owner‑operated commercial environment.
- Efficient workflow layouts with wide‑span work tables.
- Durable flooring surfaces designed for commercial use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,969
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$899,380
$899.4K
Cap Rate 7%
$642,414
$642.4K
Cap Rate 9%
$499,656
$499.7K
Market Conditions
NOI Build-Up for 2,150 SF
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.
Gross rent
$72.2K $33.60/SF
− Vacancy
−$12.3K −$5.71/SF
EGI
$60.0K $27.89/SF
− OpEx
−$15.0K −$6.97/SF
NOI
$45.0K $20.92/SF
Area
Plymouth County, MA
Vacancy
17.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$899,380
Cap Rate 7%
$642,414
Cap Rate 9%
$499,656
Alternative Uses
Best Use
Office B
$642.4K
$562.1K – $749.5K
NOI $44,969 @ 7.0% cap · market cap 9.01%
Second Best
Retail
$504.6K
$441.6K – $588.8K
NOI $35,325 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $89,095 @ 7.0% cap · market cap 17.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 02571, MA
10,858
Population
6,205
Households
1.7
Avg Household Size
51
Median Age
32%
College-Educated
90%
High-School Grad
18.7 sq mi
ZIP Area
581
Density / Sq Mi
$87,302
Median Household Income
$56,282
Median Earnings
$1,427
Median Rent
$422,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Versatile commercial space suitable for owner-operated business with minimal configuration.
Where is this office units located?
The property is located at 2741 Cranberry Highway Wareham, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Functional, owner‑operated commercial environment.; Efficient workflow layouts with wide‑span work tables.; Durable flooring surfaces designed for commercial use.
