Building Details

Building Size 1,456 SF

Year Built 2008

Stories 1

Tenancy Single

Listing Agency: Classic Cape Real Estate, LLC

Listed By: Ken Hager Show Phone

Source: Link.flexmls

Added: Jul 30 Changed: Sep 3 Last Checked: Sep 15 at 4:05AM

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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 Classic Cape Real Estate, LLC

Investment Insights

Based on property information with market context.

This 1,375± square foot industrial bay condominium is professionally built out and configured for office use, with upper-level storage that supports efficient use of the space. The unit is located within Crane Circle Commercial Business Park and includes two assigned parking spaces.

The property features Route 28A signage and is zoned B-2 Business, supporting a range of commercial uses. A long-term tenant is currently in place, providing an existing occupancy profile for an investor or owner-user evaluating the property.

Key Highlights

• 1,375± square foot industrial bay condominium
• Professionally built out and configured for office use
• Upper‑level storage included

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$28,908

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.50%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$578,160 $578.2K

Cap Rate 7%

$412,971 $413.0K

Cap Rate 9%

$321,200 $321.2K

Market Conditions

NOI Build-Up for 1,375 SF 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.

Gross rent

$48.2K $35.04/SF

− Vacancy

−$9.6K −$7.01/SF

EGI

$38.5K $28.03/SF

− OpEx

−$9.6K −$7.01/SF

NOI

$28.9K $21.02/SF

Area

Barnstable County, MA

Vacancy

20.00%

Lease Rate

$35.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$578,160

Cap Rate 7%

$412,971

Cap Rate 9%

$321,200

Alternative Uses

Best Use

Office B

$413.0K

$361.4K – $481.8K (±1% cap)

NOI $28,908 @ 7.0% cap · market cap 8.50%

Second Best

Industrial

$283.6K

$248.2K – $330.9K (±1% cap)

NOI $19,854 @ 7.0% cap · market cap 5.84%

Theoretical Best

Office A

$560.3K

$490.3K – $653.7K (±1% cap)

NOI $39,222 @ 7.0% cap · market cap 11.54%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Furniture & Home Goods Pharmacy HVAC Service Hair Salon Computer & Electronic Repair Electrical 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.

Lease Details

1

Office units

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

166

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 Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Frequently Asked Questions

What type of property is this?

Flex space - Office-configured commercial unit with upper-level storage, assigned parking, and an existing long-term tenant.

Where is this flex space located?

The property is located at 4 Crane Circle UNIT 1 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: 1,375± square foot industrial bay condominium; Professionally built out and configured for office use; Upper‑level storage included