Medical Condominium with Long-Term
33 Edgerton Dr Falmouth, MA 02540
33 Edgerton Dr, Falmouth, MA, 02540
Contact for pricing
For Sale
Contact for pricing
Medical condominium for sale with long-term tenant in place.
Property Size3,694 SF
Lot Size1.12 Acres
Price / SF$324.85
Days on Market246
Property Features for 33 Edgerton Dr
General Information
- Standard status
- Active
- Size
- 3,694 SF
- Lot size
- 1.12 Acres
- Property subtype
- OFFICE
Listing agency
Hartel Realty
(617) 256-3169
Listed by
Greg Hartel
(617) 256-3169
Source
Moodyscre
Added: Nov 18, 2025 Updated: Jul 6 at 11:01AM Checked: Jul 21 at 4:25AM
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 Hartel Realty
Investment Insights
Based on property information with market context.
This medical condominium, located in the North Falmouth medical community, presents an investment opportunity with a long-term NNN lease in place since 2013 with Cape Cod Healthcare. The property is situated within a 1.06-acre site and is zoned LIA - Light Industrial A. Unit 1B comprises approximately 3,694 square feet and includes a 35% common interest in the condominium complex. The interior layout features a reception and waiting area, three offices, ten exam rooms, two nurses' stations, two ADA-compliant restrooms, as well as laundry and break rooms. There are 11 shared parking spaces, including two ADA-accessible spaces. MassDOT traffic counts on Route 28 in 2024 show 27,691 vehicles per day, with 13,104 vehicles per day at the Route 28A intersection. The property is located near the North Falmouth Route 151 exit off Route 28.
Key Highlights
- Long‑term NNN lease in place with Cape Cod Healthcare since 2013.
- Investment opportunity with a stable, established tenant.
- Located in the North Falmouth Medical Community.
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 | $129.4k | $35.04 |
| − Vacancy | −$25.9k | −$7.01 |
| EGI | $103.6k | $28.03 |
| − OpEx | −$25.9k | −$7.01 |
| NOI | $77.7k | $21.02 |
3,694 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.11M
$970.8K – $1.29M
NOI $77,663 @ 7.0% cap · market cap 6.47%
Second Best
Healthcare Medical
$746.0K
$652.8K – $870.4K
NOI $52,223 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,373 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Medical condominium for sale with long-term tenant in place.
Where is this medical office space located?
The property is located at 33 Edgerton Dr Falmouth, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Long‑term NNN lease in place with Cape Cod Healthcare since 2013.; Investment opportunity with a stable, established tenant.; Located in the North Falmouth Medical Community.
