Medical Office Units in
320 Gifford Street #1-5 Falmouth, MA 02540
320 Gifford Street #1-5, Falmouth, MA, 02540
$649,000
For Sale
$649,000
Five versatile office units suited for medical or professional use within the Homeport complex near key local amenities.
Property Size3,214 SF
Price / SF$201.93
Days on Market50
Property Features for 320 Gifford Street #1-5
General Information
- Standard status
- Active
- Size
- 3,214 SF
Building Details
- Year Built
- 1971
Listing agency
Berkshire Hathaway HomeServices Robert Paul Properties
Listed by
O'Neill Group
Source
Dohertyproperties
Added: Jun 3 Updated: Jul 10 at 1:48PM Checked: Jul 22 at 8:25AM
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 Berkshire Hathaway HomeServices Robert Paul Properties
Investment Insights
Based on property information with market context.
This for-sale offering includes five office units within the Homeport complex, a well-established trust-owned property consisting of eight total buildings. The configuration supports flexible occupancy for medical or professional office use, with the units positioned within a built environment designed for multiple tenants.
The Homeport complex is described as being highly convenient to downtown Falmouth and is just minutes from Falmouth Hospital. The surrounding area also includes restaurants, shops, and waterfront attractions, creating a practical mix of day-to-day and visitor-oriented destinations. The property benefits from strong visibility in-town, supporting both patient and client access.
For medical practices or professional service users, these units offer an in-place office setting appropriate for a range of office-based operations. For buyers evaluating a mixed-use, multi-unit ownership structure, the asset’s position within the broader eight-building Homeport complex provides a straightforward way to own multiple units in a consolidated property setting. This is an opportunity to acquire a versatile building component with long-term ownership in a central Falmouth location.
The Homeport complex is described as being highly convenient to downtown Falmouth and is just minutes from Falmouth Hospital. The surrounding area also includes restaurants, shops, and waterfront attractions, creating a practical mix of day-to-day and visitor-oriented destinations. The property benefits from strong visibility in-town, supporting both patient and client access.
For medical practices or professional service users, these units offer an in-place office setting appropriate for a range of office-based operations. For buyers evaluating a mixed-use, multi-unit ownership structure, the asset’s position within the broader eight-building Homeport complex provides a straightforward way to own multiple units in a consolidated property setting. This is an opportunity to acquire a versatile building component with long-term ownership in a central Falmouth location.
Key Highlights
- Part of the Homeport complex in Falmouth, built in 1971
- Includes 5 office units designed for medical or professional use
- Trust ownership includes 8 total buildings as part of the offering
Local Financial Insights For Healthcare Medical
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 | $81.0k | $25.20 |
| − Vacancy | −$5.3k | −$1.64 |
| EGI | $75.7k | $23.56 |
| − OpEx | −$30.3k | −$9.42 |
| NOI | $45.4k | $14.14 |
3,214 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$965.3K
$844.6K – $1.13M
NOI $67,571 @ 7.0% cap · market cap 10.41%
Second Best
Healthcare Medical
$649.1K
$568.0K – $757.3K
NOI $45,437 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,681 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Five versatile office units suited for medical or professional use within the Homeport complex near key local amenities.
Where is this medical office space located?
The property is located at 320 Gifford Street #1-5 Falmouth, MA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Part of the Homeport complex in Falmouth, built in 1971; Includes 5 office units designed for medical or professional use; Trust ownership includes 8 total buildings as part of the offering
