Modern Flex Space with Two
New
For Sale
$2,950,000
41 Echo Road, Mashpee, MA 02649
Commercial Sale, Mashpee, MA
Property Size4,710 SF
Lot Size0.95 Acres
Price / SF$626.33
Days on Market2
Property Features for 41 Echo Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
I1
Security features
Security System
Interior features
High Speed Internet
Appliances
Water Heater
Elementary school district
Mashpee
Middle school district
Mashpee
High school district
Mashpee
Directions
Route 130 to Echo Road, Mashpee, Cape Cod, MA, USA. Located on right side.
Subdivision
Mashpee
Standard status
Active
APN
MASH M:19 B: L:3-8
Size
4,710 SF
Lot size
0.95 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3799
Utilities
Utilities
Phone Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
locker rooms
break room
vault
elevator
signage
Building Details
Year built
2024
Floors in Building
1
Flooring type
Laminate
Building materials
Clapboard
Roof type
Asphalt
Listing Agency:
Premier Commercial
(508) 815-5700
Listed By:
John E Ciluzzi · License #8990
(508) 962-5033
Added: Aug 24
Changed: Aug 25
Last Checked: Aug 25 at 2:06PM
MLS# 22604171
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.
Investment Insights
Based on property information with market context.
This flex-space property includes two separate commercial buildings at 41 Echo Road. The site combines a primary building with a standalone secondary structure, allowing distinct occupancy, administrative, storage, retail, industrial, office, or R&D functions across the property. The improvements were built in 2024 and include laminate flooring, clapboard construction, central air conditioning, natural-gas forced-air heat, high-speed internet, and an asphalt roof. A finished basement area in the primary building contains men’s and women’s locker rooms, a break room, vault, and elevator.
The 0.95-acre property is positioned in Mashpee’s light industrial commercial corridor, with access to Routes 28 and 151 and US Route 6. Mashpee Commons and other commercial centers are nearby. Public water service, phone availability, and roadside exposure further support the property’s commercial configuration.
The 0.95-acre property is positioned in Mashpee’s light industrial commercial corridor, with access to Routes 28 and 151 and US Route 6. Mashpee Commons and other commercial centers are nearby. Public water service, phone availability, and roadside exposure further support the property’s commercial configuration.
Key Highlights
- Two commercial buildings on a 0.95‑acre property
- Built in 2024 with central air and natural‑gas forced‑air heating
- Finished basement includes locker rooms, break room, vault, and elevator
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
Lease Details
Yes
Highway access
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property with flexible layouts, central air, forced-air heating, and public water service.
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 on a 0.95‑acre property; Built in 2024 with central air and natural‑gas forced‑air heating; Finished basement includes locker rooms, break room, vault, and elevator
