Building Details

Year built 2008

Floors in Building 1

Flooring type Laminate, Carpet

Building materials Steel Siding

Roof type Metal

Listing Agency: Hartel Realty Corp. n***@capecod.net Show Phone

Listed By: Greg P Hartel Show Phone

Added: Jul 28 Changed: Oct 22 Last Checked: Oct 23 at 2:06AM

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MLS# 22603645

Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This flex-space condominium was built in 2008 and arranged for office use, with additional storage on an upper level. An overhead door remains in place and can be reused. Interior finishes include laminate and carpet, while the exterior features steel siding and a metal roof.

The property is in Crane Circle Commercial Business Park in Bourne, Massachusetts. It has B-2 Business zoning, Route 28A signage, two assigned parking spaces, and public water service.

Key Highlights

• Flex‑space condominium with office configuration and upper‑level storage
• Existing overhead door can be reused
• B‑2 Business zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,024

Cap Rate

6.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$420,480 $420.5K

Cap Rate 7%

$300,343 $300.3K

Cap Rate 9%

$233,600 $233.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,456 SF

Gross rent

$31.4K $21.60/SF

− Vacancy

−$1.4K −$0.97/SF

EGI

$30.0K $20.63/SF

− OpEx

−$9.0K −$6.19/SF

NOI

$21.0K $14.44/SF

Area

Barnstable County, MA

Vacancy

4.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$420,480

Cap Rate 7%

$300,343

Cap Rate 9%

$233,600

Alternative Uses

Best Use

Industrial

$300.3K

$262.8K – $350.4K (±1% cap)

NOI $21,024 @ 7.0% cap · market cap 6.18%

Second Best

Flex RnD

$286.1K

$250.3K – $333.7K (±1% cap)

NOI $20,024 @ 7.0% cap · market cap 5.89%

Theoretical Best

Office A

$593.3K

$519.2K – $692.2K (±1% cap)

NOI $41,533 @ 7.0% cap · market cap 12.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Furniture & Home Goods Pharmacy HVAC Service Barber Shop Computer & Electronic Repair Plumbing Service

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

134

Businesses Nearby

Explore this area Business Placement

Demographics for 02534, MA

899

Population

628

Households

1.4

Avg Household Size

58

Median Age

70%

College-Educated

96%

High-School Grad

2.7 sq mi

ZIP Area

333

Density / Sq Mi

$171,169

Median Household Income

$74,645

Median Earnings

$1,010,500

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Flex space - An office-configured interior includes upper-level storage and an overhead door.

Where is this flex space located?

The property is located at 4 Crane Circle Cataumet, MA.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: Flex‑space condominium with office configuration and upper‑level storage; Existing overhead door can be reused; B‑2 Business zoning