Multi-Unit Retail
303 Orleans Rd North Chatham, MA
303 Orleans Rd, North Chatham, MA, 00000
$1,850,000
For Sale
$1,850,000
Well-maintained multi-unit retail building with ample parking and three leased units, recently upgraded inside and out.
Property Size5,101 SF
Price / SF$362.67
Days on Market37
Property Features for 303 Orleans Rd
General Information
- Standard status
- Active
- Size
- 5,101 SF
Listing agency
William Raveis Real Estate & Home Services
(508) 237-1112
Listed by
Ward H Brown, III
(508) 237-1112
Source
Exprealty
Added: Jun 16 Updated: Jul 22 at 2:15AM Checked: Jul 22 at 2:15AM
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
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)
Local Financial Insights For Retail
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 | $153.0k | $30.00 |
| − Vacancy | −$3.4k | −$0.66 |
| EGI | $149.7k | $29.34 |
| − OpEx | −$44.9k | −$8.80 |
| NOI | $104.8k | $20.54 |
5,101 SF · lease $30.00/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,764 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,508 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
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 $1,850,000.
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)
