Falmouth Mixed-Use Commercial
29 Simpson Lane Falmouth, MA 02540
29 Simpson Lane, Falmouth, MA, 02540
$495,000
For Sale
$495,000
Downtown Falmouth mixed-use commercial building with income potential.
Property Size2,947 SF
Price / SF$167.97
Days on Market476
Property Features for 29 Simpson Lane
General Information
- Standard status
- Active
- Size
- 2,947 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1987
Listing agency
SOTHEBY'S INTERNATIONAL REALTY
(508) 548-2522
Listed by
DANIELLE ROKOSZ
Source
Corcoran
Added: Apr 2, 2025 Updated: Jul 10 at 1:13PM Checked: Jul 21 at 5:33AM
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 SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
Located in the heart of downtown Falmouth within the Village Green complex, this mixed-use commercial property presents an investment or owner-user opportunity. The free-standing building is part of The Falmouth Green condominium association and consists of six units on two floors. The building totals approximately 2,947 square feet and allows for a variety of uses, including retail sales, business, or professional offices. The units are currently occupied, providing immediate income potential. Features include an entryway foyer, two restrooms, and a full basement with gas heat. Utilities include private septic, town water, and natural gas. The property is steps from the Shining Sea Bike Path and minutes from Falmouth Hospital. Its village location offers proximity to shops, dining, harbor amenities, and Falmouth Hospital.
Key Highlights
- Prime downtown Falmouth location within the Village Green complex.
- Mixed‑use commercial building with flexible use potential (retail, office).
- Currently occupied with immediate income potential.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.7k | $24.00 |
| − Vacancy | −$5.0k | −$1.68 |
| EGI | $65.8k | $22.32 |
| − OpEx | −$24.7k | −$8.37 |
| NOI | $41.1k | $13.95 |
2,947 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$885.1K
$774.5K – $1.03M
NOI $61,958 @ 7.0% cap · market cap 12.52%
Second Best
Retail
$864.6K
$756.6K – $1.01M
NOI $60,525 @ 7.0% cap · market cap 12.23%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,064 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Calm Studio
Gym & Fitness Center
Beacon Of Hope Counseling
Crisis Center
Todd A Drummey Certified ...
Financial Advisor
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FAQs
What type of property is this?
Mixed-use property - Downtown Falmouth mixed-use commercial building with income potential.
Where is this mixed-use property located?
The property is located at 29 Simpson Lane Falmouth, MA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Prime downtown Falmouth location within the Village Green complex.; Mixed‑use commercial building with flexible use potential (retail, office).; Currently occupied with immediate income potential.
