303 Orleans Road Chatham, MA 02650
Well-maintained 5,101 sf retail building with three leased units and plenty of parking.
- Added:
- May 30, 2026
- Days on Market:
- 43
- Last Refresh:
- Jul 11 at 3:27 am
Property Features for 303 Orleans Road
General Information
- Standard status
- Active
- Size
- 5,101 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1963
Listing office William Raveis Real Estate & Home Services
Listing date May 30, 2026
Source Demakis
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.
Recent upgrades include improvements to the roof, paved parking lot, signage, siding, and landscaping. The building is located on Rte 28 in North Chatham, and all units are leased—please respect tenant and patron privacy.
One tenant has a right of first refusal. A buyer should plan to coordinate any discussions and due diligence with the existing lease framework in place.
Key Highlights
- Well‑maintained 5,101 sf retail/commercial building built in 1963
- Three leased units; real estate only (no business assets included)
- Leases in place with all three units currently on contract
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 |
