Government-Leased Office
For Sale
Contact for pricing
48 Research Rd, East Falmouth, MA 02536
A federal agency occupies the building under a newly executed long-term lease.
Property Size4,970 SF
Lot Size2.52 Acres
Price / SF$446.08
Days on Market75
Property Features for 48 Research Rd
General Information
Standard status
Active
Size
4,970 SF
Lot size
2.52 Acres
Property subtype
Office
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Net Lease
Net Operating Income
$166,867
Financials
Asking Price
$2,153,000
Cap Rate
7.75%
Building Details
Year Built
2001
Buildings
1
Tenancy
Single
Building Size
4,970 SF
Abandoned
No
Listing Agency:
Colliers - Dallas, Texas
Listed By:
Geoff Ficke · License #TX 0593051
(972) 759-7814
Source:
Crexi
Added: Aug 4
Changed: Oct 10
Last Checked: Oct 16 at 7:51AM
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 Colliers - Dallas, Texas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,970-square-foot office building occupies a 2.52-acre site at 48 Research Road in East Falmouth, Massachusetts. The facility is occupied by the Social Security Administration, which operates a full-service field office serving Cape Cod, Martha’s Vineyard, and Nantucket.
A new 10-year lease begins in October 2026 and includes a 5-year firm term. The property has received substantial recent improvements, including a new HVAC system scheduled for 2026, a roof replacement completed in 2018, a security barrier wall, and on-site solar panels. The federal agency’s occupancy at the site extends beyond a decade, providing documented continuity of use.
A new 10-year lease begins in October 2026 and includes a 5-year firm term. The property has received substantial recent improvements, including a new HVAC system scheduled for 2026, a roof replacement completed in 2018, a security barrier wall, and on-site solar panels. The federal agency’s occupancy at the site extends beyond a decade, providing documented continuity of use.
Key Highlights
- 4,970‑square‑foot office building on 2.52 acres
- Social Security Administration occupancy at 48 Research Road
- New 10‑year lease commencing October 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,489
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,089,780
$2.1M
Cap Rate 7%
$1,492,700
$1.5M
Cap Rate 9%
$1,160,989
$1.2M
Market Conditions
NOI Build-Up for 4,970 SF
Gross rent
$174.1K $35.04/SF
− Vacancy
−$34.8K −$7.01/SF
EGI
$139.3K $28.03/SF
− OpEx
−$34.8K −$7.01/SF
NOI
$104.5K $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%
$2,089,780
Cap Rate 7%
$1,492,700
Cap Rate 9%
$1,160,989
Alternative Uses
Best Use
Office B
$1.49M
$1.31M – $1.74M
NOI $104,489 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,771 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 02536, MA
19,993
Population
12,151
Households
1.6
Avg Household Size
53
Median Age
45%
College-Educated
95%
High-School Grad
27.4 sq mi
ZIP Area
730
Density / Sq Mi
$95,295
Median Household Income
$52,868
Median Earnings
$1,473
Median Rent
$496,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A federal agency occupies the building under a newly executed long-term lease.
Where is this office building located?
The property is located at 48 Research Rd East Falmouth, MA.
What is the asking price?
The asking price for this property is $2,217,000.
What are key features of this property?
This property features: 4,970‑square‑foot office building on 2.52 acres; Social Security Administration occupancy at 48 Research Road; New 10‑year lease commencing October 2026
