Multi-Unit Retail
For Sale
$1,750,000
303 Orleans Rd, North Chatham, MA 02650
Well-maintained multi-unit retail building with ample parking and three leased units, recently upgraded inside and out.
Property Size5,101 SF
Price / SF$343.07
Days on Market104
Property Features for 303 Orleans Rd
General Information
Standard status
Active
Size
5,101 SF
Occupancy
100%
Building Details
Year Built
1963
Tenancy
Multi
Listing Agency:
William Raveis Real Estate & Home Services
Listed By:
Ward H Brown, III
(508) 237-1112
Source:
Leightonteam
Added: Jul 21
Changed: Oct 25
Last Checked: Oct 7 at 3:24PM
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 William Raveis Real Estate & Home Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained retail income property consists of a single 5,101 sf building with three separate units, all currently on leases. The property is offered as real estate only. Recent upgrades include the roof, paved parking lot, signage, siding, and landscaping, supporting a strong exterior presentation.
The building is located on Rte 28 in North Chatham and benefits from ample parking and visibility for tenant and customer access. Please respect tenant and patron privacy during showings.
One tenant has a right of first refusal. The remaining units are also leased, providing an income-producing configuration within a multi-tenant retail setting.
The building is located on Rte 28 in North Chatham and benefits from ample parking and visibility for tenant and customer access. Please respect tenant and patron privacy during showings.
One tenant has a right of first refusal. The remaining units are also leased, providing an income-producing configuration within a multi-tenant retail setting.
Key Highlights
- Well‑maintained commercial income property on Rte 28 in North Chatham
- 5,101 SF building with plenty of parking and visibility
- Three units, all on leases (real estate only)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,764
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,095,280
$2.1M
Cap Rate 7%
$1,496,629
$1.5M
Cap Rate 9%
$1,164,044
$1.2M
Market Conditions
NOI Build-Up for 5,101 SF
Gross rent
$153.0K $30.00/SF
− Vacancy
−$3.4K −$0.66/SF
EGI
$149.7K $29.34/SF
− OpEx
−$44.9K −$8.80/SF
NOI
$104.8K $20.54/SF
Area
Barnstable County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,095,280
Cap Rate 7%
$1,496,629
Cap Rate 9%
$1,164,044
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,764 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,508 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02650, MA
829
Population
808
Households
1
Avg Household Size
67
Median Age
58%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
592
Density / Sq Mi
$65,982
Median Household Income
$52,885
Median Earnings
$973,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained multi-unit retail building with ample parking and three leased units, recently upgraded inside and out.
Where is this shopping center located?
The property is located at 303 Orleans Rd North Chatham, MA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Well‑maintained commercial income property on Rte 28 in North Chatham; 5,101 SF building with plenty of parking and visibility; Three units, all on leases (real estate only)
