Main Street Commercial
For Sale
$1,399,000
32 Main Street, Orleans, MA 02653
3,595 SF commercial condo on Main Street for sale.
Property Size3,595 SF
Price / SF$389.15
Days on Market259
Property Features for 32 Main Street
General Information
Standard status
Active
Size
3,595 SF
Property subtype
Commercial
Building Details
Year Built
1975
Listing Agency:
Kinlin Grover Compass Commercial
Listed By:
Nat Santoro · License #141467
(508) 274-0509
Source:
Hammondre
Added: Jan 28
Changed: Oct 13
Last Checked: Oct 12 at 8:38PM
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 Kinlin Grover Compass Commercial
Investment Insights
Based on property information with market context.
Located on Main Street, this commercial condominium offers 3,595 square feet of space. The property is currently configured as office space, featuring 8 enclosed offices, a bullpen area with space for 10 desks, and a large reception area fronting Main Street. Additional features include a conference room, two additional areas with space for 4 or more desks, two bathrooms, a kitchen, and a full basement. The property includes both Main Street frontage and a rear entrance. A large parking lot is shared with nearby restaurants, gift shops, clothing boutiques, art galleries, a hair salon, and a massage parlor. Tenants are currently in place.
Key Highlights
- Prime Main Street location with high visibility.
- Large 3,595 sq ft commercial condo.
- Currently configured as office space with 8 private offices, a bullpen, and conference room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,581
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,511,620
$1.5M
Cap Rate 7%
$1,079,729
$1.1M
Cap Rate 9%
$839,789
$839.8K
Market Conditions
NOI Build-Up for 3,595 SF
Gross rent
$126.0K $35.04/SF
− Vacancy
−$25.2K −$7.01/SF
EGI
$100.8K $28.03/SF
− OpEx
−$25.2K −$7.01/SF
NOI
$75.6K $21.02/SF
Area
Barnstable County, MA
Vacancy
20.00%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,511,620
Cap Rate 7%
$1,079,729
Cap Rate 9%
$839,789
Alternative Uses
Best Use
Office B
$1.08M
$944.8K – $1.26M
NOI $75,581 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,549 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Explore this area
Business Placement
Demographics for 02653, MA
6,307
Population
5,685
Households
1.1
Avg Household Size
63
Median Age
59%
College-Educated
99%
High-School Grad
12.1 sq mi
ZIP Area
521
Density / Sq Mi
$98,798
Median Household Income
$45,853
Median Earnings
$1,181
Median Rent
$816,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - 3,595 SF commercial condo on Main Street for sale.
Where is this office units located?
The property is located at 32 Main Street Orleans, MA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Prime Main Street location with high visibility.; Large 3,595 sq ft commercial condo.; Currently configured as office space with **8 private offices, a bullpen, and conference room.**
