Two-Bay Industrial
306 Commerce Park N, South Chatham, MA 02633
For Sale
$449,000
Pending
Two-bay industrial building on an improved lot, offered as a bundled sale with an abutting property.
Property Size1,536 SF
Days on Market2326
Property Features for 306 Commerce Park N
General Information
Standard status
Size
Additional Details
Highway Access
Service Bays
Taxes and HOA fees
Annual Taxes
Listing Agency:
Premier Commercial
Listed By:
John E. Ciluzzi · License MA #8990
(508) 815-5701
Source:
Exprealty
Added: Jul 3, 2020
Changed: Nov 6
Last Checked: Nov 12 at 11:28AM
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 Premier Commercial
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Investment Insights
Based on property information with market context.
This offering includes a two-bay industrial property improved by a 1,536-square-foot building on a 33,939-square-foot lot. The site is described as located within Commerce Park, and the property is noted as not being within a flood zone of concern. The property is also described as easy to show.
The location is stated to be in close proximity to Exit 11 and US Route 6, with access to points of interest in Chatham, Brewster, and Harwich. The remarks also state that the property abuts 200 Meeting House Road, which is separately available and must be sold together with 306 Commerce Park N.
The bundled sale includes the abutting property at 200 Meeting House Road, described as a 1,965-square-foot building on a 24,356-square-foot lot. The remarks indicate mixed-use allowances with retail, office, and residential use allowed, and request that the buyer verify use. For an industrial buyer or operator, the current site offers a dedicated two-bay building within Commerce Park, while the package structure may appeal to buyers looking to acquire two contiguous properties through a single transaction. Interested parties should confirm all intended uses prior to closing.
The location is stated to be in close proximity to Exit 11 and US Route 6, with access to points of interest in Chatham, Brewster, and Harwich. The remarks also state that the property abuts 200 Meeting House Road, which is separately available and must be sold together with 306 Commerce Park N.
The bundled sale includes the abutting property at 200 Meeting House Road, described as a 1,965-square-foot building on a 24,356-square-foot lot. The remarks indicate mixed-use allowances with retail, office, and residential use allowed, and request that the buyer verify use. For an industrial buyer or operator, the current site offers a dedicated two-bay building within Commerce Park, while the package structure may appeal to buyers looking to acquire two contiguous properties through a single transaction. Interested parties should confirm all intended uses prior to closing.
Key Highlights
- 33,939 SF improved lot with one 1,536 SF building
- Two‑bay industrial property located within Commerce Park in Chatham
- Offered as a bundled sale with the abutting 200 Meeting House Road property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,932
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,640
$538.6K
Cap Rate 7%
$384,743
$384.7K
Cap Rate 9%
$299,244
$299.2K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$33.2K $21.60/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$31.7K $20.63/SF
− OpEx
−$4.8K −$3.09/SF
NOI
$26.9K $17.53/SF
Area
Barnstable County, MA
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,640
Cap Rate 7%
$384,743
Cap Rate 9%
$299,244
Alternative Uses
Best Use
Warehouse
$384.7K
$336.7K – $448.9K
NOI $26,932 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$625.9K
$547.7K – $730.3K
NOI $43,815 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02633, MA
4,664
Population
5,425
Households
0.9
Avg Household Size
62
Median Age
65%
College-Educated
99%
High-School Grad
8.6 sq mi
ZIP Area
542
Density / Sq Mi
$94,036
Median Household Income
$50,038
Median Earnings
$1,005
Median Rent
$881,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Barnstable County, MA
Properties on Market for Warehouses in Barnstable County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Chatham Self Storage — 218 Meetinghouse Rd, South Chatham, MA 02659
Frequently Asked Questions
What type of property is this?
Warehouse - Two-bay industrial building on an improved lot, offered as a bundled sale with an abutting property.
Where is this warehouse located?
The property is located at 306 Commerce Park N South Chatham, MA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 33,939 SF improved lot with one 1,536 SF building; Two‑bay industrial property located within Commerce Park in Chatham; Offered as a bundled sale with the abutting 200 Meeting House Road property
