Five-Unit Mixed-Use
For Sale
$649,000
320 Gifford Street, Falmouth, MA 02540
Commercial Sale, Falmouth, MA
Property Size3,214 SF
Price / SF$201.93
Days on Market141
Property Features for 320 Gifford Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
BU
Parking features
Parking Lot
Basement
Finished, Walk-Out Access
Appliances
Water Heater
Elementary school district
Falmouth
Middle school district
Falmouth
High school district
Falmouth
Directions
Rte 28 to Jones Rd to Gifford St
Subdivision
Falmouth
Standard status
Active
APN
FALM 38 S:03 P:300 L:001U-5U
Size
3,214 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3502
Utilities
Sewer type
Cesspool
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1971
Floors in Building
2
Number of units
4
Flooring type
Laminate, Tile, Carpet
Building materials
Barnboard
Roof type
Asphalt
Listing Agency:
Berkshire Hathaway HomeServices Robert Paul Properties
(508) 540-9800
Listed By:
O'Neill Group
(508) 524-7325
Added: Jun 2
Changed: Oct 8
Last Checked: Oct 20 at 12:06PM
MLS# 22602610
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,214-square-foot mixed-use property at 320 Gifford Street includes five units within the Homeport complex. Built in 1971, the building features tile, carpet, and laminate flooring, central air conditioning, forced-air heating fueled by natural gas, and a public water supply. An asphalt roof, parking lot, water heater, and cesspool are also present.
The property is in Falmouth near downtown, Falmouth Hospital, restaurants, shops, and waterfront attractions. Its configuration supports medical office, professional office, and other commercial applications identified for the property.
The property is in Falmouth near downtown, Falmouth Hospital, restaurants, shops, and waterfront attractions. Its configuration supports medical office, professional office, and other commercial applications identified for the property.
Key Highlights
- Five units within the Homeport complex
- 3,214 square feet of mixed‑use commercial space
- Built in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,437
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,740
$908.7K
Cap Rate 7%
$649,100
$649.1K
Cap Rate 9%
$504,856
$504.9K
Market Conditions
NOI Build-Up for 3,214 SF
Gross rent
$81.0K $25.20/SF
− Vacancy
−$5.3K −$1.64/SF
EGI
$75.7K $23.56/SF
− OpEx
−$30.3K −$9.42/SF
NOI
$45.4K $14.14/SF
Area
Barnstable County, MA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,740
Cap Rate 7%
$649,100
Cap Rate 9%
$504,856
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 authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Explore this area
Business Placement
Demographics for 02540, MA
8,450
Population
6,200
Households
1.4
Avg Household Size
61
Median Age
59%
College-Educated
94%
High-School Grad
11.0 sq mi
ZIP Area
768
Density / Sq Mi
$88,266
Median Household Income
$52,243
Median Earnings
$1,328
Median Rent
$756,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building suited to medical, professional, or other office-oriented uses.
Where is this mixed-use property located?
The property is located at 320 Gifford Street 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: Five units within the Homeport complex; 3,214 square feet of mixed‑use commercial space; Built in 1971
