Main Street Commercial
32 Main Street #UNIT B Orleans, MA 02653
32 Main Street #UNIT B, Orleans, MA, 02653
$1,399,000
For Sale
$1,399,000
3,595 SF commercial condo on Main Street for sale.
Property Size3,595 SF
Price / SF$389.15
Days on Market164
Property Features for 32 Main Street #UNIT B
General Information
- Standard status
- Active
- Size
- 3,595 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing Agency
KINLIN GROVER COMPASS
(508) 240-0334
Listed by
NAT S SANTORO · License #141467
Source
Corcoran
Added: Feb 3 Checked: Jul 17 at 2:26 am
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
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.
Local Financial Insights For Office B
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 | $126.0k | $35.04 |
| − Vacancy | −$25.2k | −$7.01 |
| EGI | $100.8k | $28.03 |
| − OpEx | −$25.2k | −$7.01 |
| NOI | $75.6k | $21.02 |
3,595 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
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 #UNIT B 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.**
