Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mixed-Use Redevelopment Opportunity Title is generated by Realmo AI

    33 Old Colony Road, Harwich, MA 02645

    View on Map
    Claim this Listing
    For Sale
    $599,000

    Harwich Commercial-Village zoned property with approvals to repurpose an existing office building and add four 1-bedroom units.

    Type:Commercial
    Property size:
    860 SF
    Price / SF:
    $696/SF
    Added:
    Mar 3, 2026
    Days on Market:
    95
    Last Refresh:
    Jun 6 at 2:52 am

    Property Features for 33 Old Colony Road

    General Information

    Standard status
    Active
    Size
    860 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1971

    We can help!

    Listing Contact
    Erin C Hemeon

    Listing office Melanie Cauchon Real Estate

    Listing date Mar 3, 2026

    Source Shorelandrealty

    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 Melanie Cauchon Real Estate

    HighLights

    • Harwich Commercial‑Village zoned property with Planning Board and ZBA approvals in place for redevelopment
    • Existing 860 SF office building to be repurposed as part of the approved plan
    • Approved redevelopment includes a new 4‑unit residential building
    • Each of the 4 units is designed as a 1‑bedroom, 1.5‑bath layout
    • Engineering and approvals are complete for the mixed‑use redevelopment plan

    Overview

    This Harwich Commercial-Village zoned property includes an existing 860 sq ft building that has previously been used as office space. The planned redevelopment calls for repurposing the existing structure and constructing a new 4-unit residential building. Each of the proposed units is designed as a 1-bedroom, 1.5-bath layout, based on a plan recently approved by the Planning Board and ZBA, with engineering and approvals described as complete.

    The site is located just steps to Brooks Park and the Community Center. It benefits from a walkable setting within the Commercial-Village Zone.

    For developers, investors, or owner-operators, the key advantage here is the streamlined approval path already in place for a mixed-use concept combining the existing building with new residential construction. The property’s mix of a prior office component and approved residential layouts may suit an owner seeking to execute the redevelopment plan using the currently approved design. Please note that all deposits must be made via Deposit Link, and offers must include proof of funds or a current pre-approval letter.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harwich
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.0725383
    Latitude
    41.6875727

    Nearby Similar for Sale

    • $899,000
      3,156 SF

      Harwich Port Mixed-Use Commercial Property

      Mixed-use property with retail, residential, and workshop spaces.
      820 Massachusetts 28, Harwich, MA 02645
      View Details
    • $1,399,000
      4,000 SF

      Harwich Port Office Building For Sale

      4,000 SF office building in Harwich Port.
      476 Route 28, Harwich, MA 02646
      View Details
    • $640,000

      Harwich Commercial-Village Zoned Property

      Commercial-Village Zoned property with approvals for redevelopment in Harwich, MA.
      33 Old Colony, Harwich, MA 02645
      View Details
    • $1,399,000
      4,000 SF

      Harwich Port Office Building For Sale

      4,000 sqft office building in Harwich Port with tenants.
      476 Route 28, Harwich, MA 02646
      View Details
    • $640,000
      860 SF

      Harwich Commercial-Village Zoned Property

      Approved mixed-use redevelopment in Harwich's Commercial-Village Zone.
      33 Old Colony, Harwich, MA 02645
      View Details

    FAQs

    What type of property is this?
    Quadplex - Harwich Commercial-Village zoned property with approvals to repurpose an existing office building and add four 1-bedroom units.
    Where is this quadplex located?
    The property is located at 33 Old Colony Road Harwich, MA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Harwich Commercial‑Village zoned property with Planning Board and ZBA approvals in place for redevelopment; Existing 860 SF office building to be repurposed as part of the approved plan; Approved redevelopment includes a new 4‑unit residential building
    We can help!
    Listing Contact
    Erin C Hemeon
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    33 Old Colony Road, Harwich, MA 02645
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!