Building Details

Buildings 1

Stories 2

Building Size 4,200 SF

Tenancy Multi

Listing Agency: LPT Realty a***@gmail.com Show Phone

Listed By: Tiffany McCarthy Show Phone

Source: Exprealty

Added: Sep 15 Changed: Oct 3 Last Checked: Oct 4 at 3:59PM

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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 LPT Realty

Investment Insights

Based on property information with market context.

The two-story office property contains 4,200 square feet, arranged as four distinct office areas. Each level has two bathrooms, for four bathrooms in total, and the building sits on a nearly 1-acre lot.

Located on Falmouth Road (Route 28) in the Osterville/Wianno area of Barnstable, the property offers a multi-office layout across two floors.

Key Highlights

• 4,200‑square‑foot, two‑story office building
• Four separate office spaces
• Four bathrooms, with two on each floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,301

Cap Rate

4.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,766,020 $1.8M

Cap Rate 7%

$1,261,443 $1.3M

Cap Rate 9%

$981,122 $981.1K

Market Conditions

NOI Build-Up for 4,200 SF

Gross rent

$147.2K $35.04/SF

− Vacancy

−$29.4K −$7.01/SF

EGI

$117.7K $28.03/SF

− OpEx

−$29.4K −$7.01/SF

NOI

$88.3K $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%

$1,766,020

Cap Rate 7%

$1,261,443

Cap Rate 9%

$981,122

Alternative Uses

Best Use

Office B

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,301 @ 7.0% cap · market cap 4.91%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,807 @ 7.0% cap · market cap 6.66%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Building Supply Bakery Furniture & Home Goods Auto Parts Store Catering 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.

Lease Details

4

Office units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

403

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Two floors provide separate office areas and bathrooms for a flexible business configuration.

Where is this office building located?

The property is located at 2957 Falmouth Rd Osterville, MA.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: 4,200‑square‑foot, two‑story office building; Four separate office spaces; Four bathrooms, with two on each floor