Building Details

Building Size 1,876 SF

Year Built 1940

Stories 2

Listing Agency: Robert Paul Properties, Inc.

Listed By: O'Neill Group Show Phone

Source: Evrealestate

Added: Aug 13 Changed: Oct 3 Last Checked: Oct 5 at 5:02PM

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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 Robert Paul Properties, Inc.

Investment Insights

Based on property information with market context.

This residential income property contains 1,876 square feet and dates to 1940. A gravel driveway provides on-site vehicle access. The property is zoned GR.

Access directions are from Route 28 to Palmer Avenue in Barnstable County.

Key Highlights

• 1,876‑square‑foot residential income property
• Built in 1940
• Gravel driveway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,592

Cap Rate

5.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$751,840 $751.8K

Cap Rate 7%

$537,029 $537.0K

Cap Rate 9%

$417,689 $417.7K

Market Conditions

NOI Build-Up for 1,876 SF

Gross rent

$70.5K $37.56/SF

− Vacancy

−$2.1K −$1.13/SF

EGI

$68.3K $36.43/SF

− OpEx

−$30.8K −$16.39/SF

NOI

$37.6K $20.04/SF

Area

Barnstable County, MA

Vacancy

3.00%

Lease Rate

$37.56 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$751,840

Cap Rate 7%

$537,029

Cap Rate 9%

$417,689

Alternative Uses

Best Use

Apartment 5plus

$537.0K

$469.9K – $626.5K (±1% cap)

NOI $37,592 @ 7.0% cap · market cap 5.16%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$764.5K

$668.9K – $891.9K (±1% cap)

NOI $53,514 @ 7.0% cap · market cap 7.34%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store Plumbing Service Computer & Electronic Repair Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

771

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

Questions? Ask Rey

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What type of property is this? Where is this residential income properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential income property - A gravel driveway serves this 1940-built residential income property.

Where is this residential income property located?

The property is located at 355 Palmer Avenue Falmouth, MA.

What is the asking price?

The asking price for this property is $729,000.

What are key features of this property?

This property features: 1,876‑square‑foot residential income property; Built in 1940; Gravel driveway