Multifunctional Commercial Buildings
For Sale
$1,199,800
3091-3095 Cranberry Hwy, Wareham, MA 02538
Two commercial buildings with office, warehouse, and showroom spaces.
Property Size6,960 SF
Days on Market199
Property Features for 3091-3095 Cranberry Hwy
General Information
Standard status
Active
Size
6,960 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,229
Building Details
Building Size
6,960 SF
Year Built
1963
Listing Agency:
Conway - Wareham
Listed By:
Francis Gropman · License #9506689
(774) 263-8989
Source:
Elliman
Added: Apr 1
Changed: Aug 28
Last Checked: Oct 14 at 8:51PM
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 Conway - Wareham
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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.
Key Highlights
- Two free‑standing commercial buildings with office and warehouse spaces.
- High traffic count (27,000+) on Cranberry Hwy.
- One building features a commercial mezzanine for extra storage.
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
204
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- ADOBO REPUBLIC — 3150 Cranberry Hwy, Wareham, MA 02538
Frequently Asked Questions
What type of property is this?
Flex space - Two commercial buildings with office, warehouse, and showroom spaces.
Where is this flex space located?
The property is located at 3091-3095 Cranberry Hwy 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: Two free‑standing commercial buildings with office and warehouse spaces.; High traffic count (27,000+) on Cranberry Hwy.; One building features a commercial mezzanine for extra storage.
