Two-Building Flex Commercial
New
For Sale
$2,950,000
41 Echo Road, Mashpee, MA 02649
Versatile commercial improvements in a light industrial corridor with office, retail, industrial, R&D, and specialty-use potential.
Property Size4,710 SF
Days on Market4
Property Features for 41 Echo Road
General Information
Standard status
Active
Size
4,710 SF
Property subtype
Commercial
Zoning
I1
Taxes and HOA fees
Annual Taxes
$3,799
Building Details
Building Size
4,710 SF
Year Built
2024
Stories
1
Listing Agency:
Classic Cape Real Estate, LLC
(508) 737-9974
Listed By:
Ken Hager
(508) 737-9974
Source:
Link.flexmls
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 30 at 12:50PM
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 flex property comprises two commercial buildings on one parcel, including a recently constructed primary facility and a separate standalone structure. The larger building includes finished lower-level space with men’s and women’s locker rooms, a break room, vault, and elevator. The additional building provides distinct space for retail, administrative functions, or storage. Together, the improvements support a range of documented flex, industrial, retail, office, R&D, and specialty-use applications.
The property is located in a light industrial commercial corridor in Mashpee, Massachusetts, near Mashpee Commons and Routes 28 and 151, as well as US Route 6. The site offers roadside exposure, parking, frontage, signage, and accessibility. The property’s stated year built is 2024, and its two-building configuration allows separate occupancy of the improvements.
The property is located in a light industrial commercial corridor in Mashpee, Massachusetts, near Mashpee Commons and Routes 28 and 151, as well as US Route 6. The site offers roadside exposure, parking, frontage, signage, and accessibility. The property’s stated year built is 2024, and its two-building configuration allows separate occupancy of the improvements.
Key Highlights
- Two commercial buildings situated on a single property
- Primary building includes locker rooms, break room, vault, and elevator
- Separate standalone building for retail, administrative, or storage use
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
$96,734
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
3.28%
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%
$1,934,680
$1.9M
Cap Rate 7%
$1,381,914
$1.4M
Cap Rate 9%
$1,074,822
$1.1M
Market Conditions
NOI Build-Up for 4,710 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
$141.3K $30.00/SF
− Vacancy
−$3.1K −$0.66/SF
EGI
$138.2K $29.34/SF
− OpEx
−$41.5K −$8.80/SF
NOI
$96.7K $20.54/SF
Area
Barnstable County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,934,680
Cap Rate 7%
$1,381,914
Cap Rate 9%
$1,074,822
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,734 @ 7.0% cap · market cap 3.28%
Second Best
Industrial
$971.6K
$850.1K – $1.13M
NOI $68,011 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,355 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02649, MA
15,060
Population
10,522
Households
1.4
Avg Household Size
55
Median Age
44%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
644
Density / Sq Mi
$95,852
Median Household Income
$52,826
Median Earnings
$1,808
Median Rent
$515,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial improvements in a light industrial corridor with office, retail, industrial, R&D, and specialty-use potential.
Where is this flex space located?
The property is located at 41 Echo Road Mashpee, MA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Two commercial buildings situated on a single property; Primary building includes locker rooms, break room, vault, and elevator; Separate standalone building for retail, administrative, or storage use
