Multifunctional Commercial Properties For
For Sale
$1,199,800
3091-3095 Cranberry Hwy Wareham, East Wareham, MA 02538
Two free-standing buildings with office and warehouse spaces available.
Property Size6,960 SF
Price / SF$172.39
Days on Market151
Property Features for 3091-3095 Cranberry Hwy Wareham
General Information
Standard status
Active
Size
6,960 SF
Zoning
sc
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$7,229
Building Details
Building Size
6,960 SF
Year Built
1963
Listed By:
Jadaiya Stanley
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 16
Changed: Oct 7
Last Checked: Oct 7 at 9:42AM
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 Jadaiya Stanley
Investment Insights
Based on property information with market context.
This commercial package features two free-standing, multifunctional buildings suitable for office and warehouse use. One building includes a commercial mezzanine for additional storage and vertical space utilization, along with phase 3 electric. A new roof is planned for 2025. The second building offers a showroom, office space, a conference room, and a warehouse/shop area. The property benefits from a traffic count of over 27,000 vehicles along Cranberry Highway. The total property size is 6,960 square feet.
Key Highlights
- High traffic location with 27,000+ count on Cranberry Hwy
- Two free‑standing commercial buildings
- Multifunctional office and warehouse spaces in both buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,033
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,660
$1.5M
Cap Rate 7%
$1,057,614
$1.1M
Cap Rate 9%
$822,589
$822.6K
Market Conditions
NOI Build-Up for 6,960 SF
Gross rent
$111.9K $16.08/SF
− Vacancy
−$6.2K −$0.88/SF
EGI
$105.8K $15.20/SF
− OpEx
−$31.7K −$4.56/SF
NOI
$74.0K $10.64/SF
Area
Plymouth County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,660
Cap Rate 7%
$1,057,614
Cap Rate 9%
$822,589
Alternative Uses
Best Use
Flex RnD
$1.84M
$1.61M – $2.15M
NOI $128,934 @ 7.0% cap · market cap 10.75%
Second Best
Industrial
$1.06M
$925.4K – $1.23M
NOI $74,033 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,421 @ 7.0% cap · market cap 24.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02538, MA
4,428
Population
1,825
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
703
Density / Sq Mi
$110,882
Median Household Income
$52,429
Median Earnings
$1,548
Median Rent
$347,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two free-standing buildings with office and warehouse spaces available.
Where is this flex space located?
The property is located at 3091-3095 Cranberry Hwy Wareham East Wareham, MA.
What is the asking price?
The asking price for this property is $1,199,800.
What are key features of this property?
This property features: High traffic location with 27,000+ count on Cranberry Hwy; Two free‑standing commercial buildings; Multifunctional office and warehouse spaces in both buildings
