3-37 Edgerton Dr, North Falmouth, MA 02540
Fully remodeled medical condo featuring multiple exam rooms, ADA restroom, and dedicated onsite parking.
- Added:
- Jun 3, 2026
- Days on Market:
- 25
- Last Refresh:
- Jun 24 at 4:15 am
Property Features for 3-37 Edgerton Dr
General Information
- Standard status
- Active
- Size
- 2,284 SF
- Lot size
- 2.87 Acres
Listing office North Atlantic Realty Group, Inc. (774) 266-0374
Listing date Jun 3, 2026
Source Exprealty
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 North Atlantic Realty Group, Inc.
HighLights
- 2,284 SF remodeled medical condo with waiting room, reception, 2 offices, 6 exam rooms, ADA restroom, and break room/kitchenette
- National dermatology tenant in place; offered with a lease at +/- 8.5% cap rate
- Brand new HVAC system and A/C condenser
- 25% common interest in the condo complex; HOA fee is paid by tenant and includes master insurance, exterior maintenance, snow removal, parking lot, and landscaping
- Dedicated onsite parking and located on 2.87 acres
Overview
The condo unit provides 25% common interest in the condo complex. HOA expenses are paid by the tenant and include master insurance, exterior maintenance, snow removal, and common-area upkeep for the parking lot and landscape. Onsite parking is available, and the condo complex is situated over 2.87 acres.
The space is currently occupied by a national dermatology firm, supporting turnkey medical use for qualified operators or owner-occupants. It is configured to accommodate ongoing clinical services with multiple exam rooms and supporting front- and back-of-house areas. The offering includes the leased interest and is presented as an investment opportunity with a reported +/- 8.5% cap rate; inquire about owner occupancy options as well.
Local Financial Insights For Office B
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 | $80.0k | $35.04 |
| − Vacancy | −$16.0k | −$7.01 |
| EGI | $64.0k | $28.03 |
| − OpEx | −$16.0k | −$7.01 |
| NOI | $48.0k | $21.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- North Falmouth
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -70.6138275
- Latitude
- 41.6402531
