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    434 MA-134 Dennis, MA 02660

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    Office condominiums suitable for attorneys, accountants, and insurance agencies.

    Type:Office
    Property size:
    832 SF
    Added:
    Feb 11, 2025
    Days on Market:
    427
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 434 MA-134

    General Information

    Standard status
    Active
    Size
    832 SF
    Property subtype
    Office

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Kevin Pepe

    Listing agent Kevin Pepe

    Listing office Commercial Realty Advisors, Inc.

    Listing date Feb 11, 2025

    Source Crexi

    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 Commercial Realty Advisors, Inc.

    Overview

    Professional Office Condominium For Sale

    Located at 434 Route 134 in South Dennis, Units A3 and A4 present an opportunity for small office users. These second-floor office condominiums offer options to lease or purchase. The versatile layout includes multiple private offices, open workspaces, and a reception area. The environment is climate-controlled, and the property provides on-site parking and easy access to Route 6 (Mid-Cape Highway). The property features signage visibility and two restrooms. Unit A3 offers 537 square feet and is available for sale at $59,900 or lease at $1,000 per month (NNN). Unit A4 provides 832 square feet and is available for sale at $79,900 or lease at $1,250 per month (NNN). These spaces are suitable for various business needs.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Big Box & Wholesale Store Building Supply Auto Repair Shop Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dennis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.1529
    Latitude
    41.7141

    Nearby Similar for Sale

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      Route 134 Commercial Property

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      970 Route 134, Dennis, MA 02638
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    • $125,000
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      Commercial Condo in South Dennis

      570 sq ft condo suitable for professional, retail, medical uses.
      35 Rte 134, South Dennis, MA
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    • $800,000
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      .20 acre lot restaurant with a bar

      Established Dennis Port restaurant with apartment on high-traffic Route 28.
      451 Main Street, Dennis Port, MA 02639
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    • $125,000
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      Commercial Condo in South Dennis

      570 sq ft condo suitable for professional, retail, or medical.
      35 MA-134, South Dennis, MA 02660
      View Details

    FAQs

    What type of property is this?
    Office units - Office condominiums suitable for attorneys, accountants, and insurance agencies.
    Where is this office units located?
    The property is located at 434 MA-134 Dennis, MA.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Prime location with easy access to Route 6 (Mid‑Cape Highway).; Flexible options to lease or purchase Units A3 (537 sq. ft.) and A4 (832 sq. ft.).; Versatile layout with private offices, open workspaces, and a reception area.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin Pepe
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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