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: Oct 25 Last Checked: Oct 30 at 10:26AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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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 / Yr

$28,908

Cap Rate

8.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$578,160 $578.2K

Cap Rate 7%

$412,971 $413.0K

Cap Rate 9%

$321,200 $321.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,375 SF

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 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. How Realmo checks its estimates

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

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