First-Floor Rehabilitation
For Sale
$399,000
Pending
5 Bay State Court UNIT 5, Brewster, MA 02631
Operational physical therapy practice with treatment rooms, equipment, accessible facilities, and parking for staff and patients.
Property Size933 SF
Days on Market217
Property Features for 5 Bay State Court UNIT 5
General Information
Standard status
Pending
Size
933 SF
Property subtype
Business w/Real Est
Additional Details
Floor
First Floor
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,194
Building Details
Building Size
933 SF
Year Built
1987
Listing Agency:
Bayside Realty Consultants
Listed By:
Kimberly A Clark
(508) 685-6660
Source:
Paulgrover
Added: Mar 13
Changed: Oct 5
Last Checked: Oct 15 at 6:56AM
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 Bayside Realty Consultants
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Investment Insights
Based on property information with market context.
This 933-square-foot first-floor rehabilitation center combines an operating physical therapy practice with the underlying real estate. The suite includes multiple treatment rooms, an ADA-compliant bathroom, and equipment used in physical therapy operations. The sale also includes the established business and its patient database, providing continuity for the incoming operator.
Built in 1987, the property is located at 5 Bay State Ct Unit 5 in Brewster, Massachusetts, near the Orleans town line. Parking is available for both staff and patients. The seller is willing to assist with the transition, and the layout is arranged for organized patient care and day-to-day practice operations.
Built in 1987, the property is located at 5 Bay State Ct Unit 5 in Brewster, Massachusetts, near the Orleans town line. Parking is available for both staff and patients. The seller is willing to assist with the transition, and the layout is arranged for organized patient care and day-to-day practice operations.
Key Highlights
- 933‑square‑foot first‑floor physical therapy facility
- Sale includes the business, real estate, equipment, and patient database
- Multiple treatment rooms support varied physical therapy services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,615
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,300
$392.3K
Cap Rate 7%
$280,214
$280.2K
Cap Rate 9%
$217,944
$217.9K
Market Conditions
NOI Build-Up for 933 SF
Gross rent
$32.7K $35.04/SF
− Vacancy
−$6.5K −$7.01/SF
EGI
$26.2K $28.03/SF
− OpEx
−$6.5K −$7.01/SF
NOI
$19.6K $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%
$392,300
Cap Rate 7%
$280,214
Cap Rate 9%
$217,944
Alternative Uses
Best Use
Office B
$280.2K
$245.2K – $326.9K
NOI $19,615 @ 7.0% cap · market cap 4.92%
Second Best
Healthcare Medical
$188.4K
$164.9K – $219.8K
NOI $13,190 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$380.2K
$332.7K – $443.6K
NOI $26,614 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 02631, MA
10,178
Population
8,215
Households
1.2
Avg Household Size
58
Median Age
52%
College-Educated
98%
High-School Grad
22.2 sq mi
ZIP Area
458
Density / Sq Mi
$93,427
Median Household Income
$47,395
Median Earnings
$1,386
Median Rent
$621,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Rehabilitation center - Operational physical therapy practice with treatment rooms, equipment, accessible facilities, and parking for staff and patients.
Where is this rehabilitation center located?
The property is located at 5 Bay State Court UNIT 5 Brewster, MA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 933‑square‑foot first‑floor physical therapy facility; Sale includes the business, real estate, equipment, and patient database; Multiple treatment rooms support varied physical therapy services
