5 Katie Marie Drive, Bourne, MA 02532

Building Details

Year Built 2006 More

Construction steel frame More

Listing Agency: Commercial Realty Advisors, Inc.

Listed By: Kevin Pepe Show Phone

Source: Crexi

Added: Oct 6 Changed: Nov 8 Last Checked: Nov 8 at 5:32PM

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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.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Set on 1.66 acres in Bourne, this industrial warehouse condo contains approximately 10,000 square feet. Built in 2006, the building uses steel-frame construction and has concrete floors and multiple windows for natural light.

The property is near the Bourne Bridge, with access to Routes 25, 195, and 495.

Key Highlights

• Approximately 10,000 square feet of industrial warehouse space
• Located on 1.66 acres in Bourne, Massachusetts
• Steel‑frame construction with concrete floors and multiple windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$175,338

Cap Rate

5.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,506,760 $3.5M

Cap Rate 7%

$2,504,829 $2.5M

Cap Rate 9%

$1,948,200 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$216.0K $21.60/SF

− Vacancy

−$9.7K −$0.97/SF

EGI

$206.3K $20.63/SF

− OpEx

−$30.9K −$3.09/SF

NOI

$175.3K $17.53/SF

Area

Barnstable County, MA

Vacancy

4.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,506,760

Cap Rate 7%

$2,504,829

Cap Rate 9%

$1,948,200

Alternative Uses

Best Use

Warehouse

$2.50M

$2.19M – $2.92M (±1% cap)

NOI $175,338 @ 7.0% cap · market cap 5.85%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$4.08M

$3.57M – $4.75M (±1% cap)

NOI $285,254 @ 7.0% cap · market cap 9.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Stainless 7 Metal Fabrication Plant Auntie Vi's (Bike/Boat/Book/etc) Store Mr. Fussy Gutter ... General Contractor

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Nail Salon Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

153

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 02532, MA

13,411

Population

7,362

Households

1.8

Avg Household Size

49

Median Age

43%

College-Educated

96%

High-School Grad

13.8 sq mi

ZIP Area

972

Density / Sq Mi

$89,411

Median Household Income

$50,372

Median Earnings

$1,474

Median Rent

$477,200

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Barnstable County, MA

$684 Jul

$709 Aug

$294 Sep

$289 Oct

Properties on Market for Warehouses in Barnstable County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - The warehouse condo has concrete flooring and multiple windows that bring natural light into the interior.

Where is this warehouse located?

The property is located at 5 Katie Marie Drive Bourne, MA.

What is the asking price?

The asking price for this property is $2,999,000.

What are key features of this property?

This property features: Approximately 10,000 square feet of industrial warehouse space; Located on 1.66 acres in Bourne, Massachusetts; Steel‑frame construction with concrete floors and multiple windows