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    Medical Condominium Investment Opportunity Title is generated by Realmo AI

    39 Edgerton Dr, North Falmouth, MA 02540

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    Long-term NNN lease with Cape Cod Healthcare in place.

    Type:OFFICE
    Property size:
    3,694 SF
    Lot size:
    3.26 Acres
    Price / SF:
    $324/SF
    Added:
    Sep 9, 2025
    Days on Market:
    301
    Last Refresh:
    May 20 at 8:51 pm

    Property Features for 39 Edgerton Dr

    General Information

    Standard status
    Active
    Size
    3,694 SF
    Lot size
    3.26 Acres
    Property subtype
    OFFICE

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    Jody Shaw
    Jody Shaw

    Listing office Hartel Realty

    Listing date Sep 9, 2025

    Source Moodyscre

    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

    HighLights

    • Long‑term NNN lease in place since 2013 with Cape Cod Healthcare, providing a stable investment.
    • Located in the North Falmouth Medical Community.
    • High traffic counts (27,691 vehicles/day on Rte 28 in 2024) ensure visibility and accessibility.
    • The 3,694± SF unit includes a reception/wait area, 3 offices, 10 exam rooms, 2 nurses stations, 2 ADA restrooms, laundry & break rooms.
    • Convenient access via Rte 151 exit off Rte 28.
    • Zoned LIA - Light Industrial A, offering flexibility for potential future uses.

    Overview

    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 on 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/waiting area, three offices, ten exam rooms, two nurses' stations, two ADA restrooms, laundry facilities, and break rooms. There are 11 shared parking spaces, including two ADA-compliant spaces. MassDOT traffic counts on Rte 28 in 2024 show 27,691 vehicles per day, with 13,104 vehicles per day at the Rte 28A intersection. The property is located near the North Falmouth Rte 151 exit off Rte 28.

    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 (±1% cap)
    NOI $77,663 @ 7.0% cap · market cap 6.47%
    Second Best
    Healthcare Medical
    $746.0K
    $652.8K – $870.4K (±1% cap)
    NOI $52,223 @ 7.0% cap · market cap 4.35%
    Theoretical Best
    Office A
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,373 @ 7.0% cap · market cap 8.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Building Supply Big Box & Wholesale Store Law Firm Auto Repair Shop Hair Salon Department Store Nail Salon Food Market Hotel & Motel Spa & Massage Center

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

    Location Insight

    • Map
    • Local Demand
    City
    North Falmouth
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.6118
    Latitude
    41.6399

    FAQs

    What type of property is this?
    Medical Office Space - Long-term NNN lease with Cape Cod Healthcare in place.
    Where is this medical office space located?
    The property is located at 39 Edgerton Dr North 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 since 2013 with Cape Cod Healthcare, providing a stable investment.; Located in the North Falmouth Medical Community.; High traffic counts (27,691 vehicles/day on Rte 28 in 2024) ensure visibility and accessibility.
    (508) 566-3556 Call to check price and availability
    More about this property
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