Flex Space with Mezzanine
381 Old Falmouth Rd, Barnstable, MA 02648
For Sale
$525,000
Industrial condominium bay with overhead access, a ground-floor restroom, and gas-fired forced-air heat.
Property Size1,987 SF
Price / SF$271.74
Days on Market74
Property Features for 381 Old Falmouth Rd
General Information
Standard status
Size
Total Parking Spaces
Zoning
Lease Term
Warehouse & Industrial
Clear Height
Mezzanine
Additional Details
Property Use
Amenities
Water
Master Insurance
Snow Removal
Trash Removal
Building Details
Building Size
Year Built
Listing Agency:
William Raveis R.E. & Homes Services
(774) 608-7160
Listed By:
Jennifer Churchill
(508) 922-3035
Source:
Iverty
Added: Sep 2
Changed: Nov 12
Last Checked: Nov 12 at 8:11AM
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 William Raveis R.E. & Homes Services
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Investment Insights
Based on property information with market context.
This industrial condominium provides 1,932+ square feet of bay area and an additional 1,932+ square feet of mezzanine storage. The space has a 14-foot overhead door, a separate personnel entrance, more than 20 feet of interior clearance, and a restroom at ground level. Built in 1987, the building features a metal roof, prefinished metal exterior, and gas FHA heating. Zoning is RF.
The property is in Marstons Mills, with access to major routes. Two parking spaces are included.
The property is in Marstons Mills, with access to major routes. Two parking spaces are included.
Key Highlights
- 1,932+ sq.ft. of industrial bay space
- Additional 1,932+ sq.ft. mezzanine area for storage
- 14 ft overhead door and separate personnel entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,875
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,500
$677.5K
Cap Rate 7%
$483,929
$483.9K
Cap Rate 9%
$376,389
$376.4K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$41.7K $21.60/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$39.9K $20.63/SF
− OpEx
−$6.0K −$3.09/SF
NOI
$33.9K $17.53/SF
Area
Barnstable County, MA
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,500
Cap Rate 7%
$483,929
Cap Rate 9%
$376,389
Alternative Uses
Best Use
Warehouse
$483.9K
$423.4K – $564.6K
NOI $33,875 @ 7.0% cap · market cap 6.45%
Second Best
Industrial
$398.5K
$348.7K – $465.0K
NOI $27,897 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$787.3K
$688.9K – $918.5K
NOI $55,111 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 02648, MA
7,325
Population
3,476
Households
2.1
Avg Household Size
51
Median Age
40%
College-Educated
95%
High-School Grad
10.0 sq mi
ZIP Area
733
Density / Sq Mi
$131,125
Median Household Income
$53,788
Median Earnings
$1,533
Median Rent
$580,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Barnstable County, MA
Properties on Market for Flex space in Barnstable County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Simply Divine Catering & More — 166 hollidge hill ln, marstons mills, ma 02648
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium bay with overhead access, a ground-floor restroom, and gas-fired forced-air heat.
Where is this flex space located?
The property is located at 381 Old Falmouth Rd Barnstable, MA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1,932+ sq.ft. of industrial bay space; Additional 1,932+ sq.ft. mezzanine area for storage; 14 ft overhead door and separate personnel entrance
