Mixed-Use Commercial Opportunity Near
For Sale
$899,000
5030 State Hwy Eastham, Eastham, MA 02642
Mixed-use property with commercial kitchen and short-term rental potential.
Property Size2,442 SF
Price / SF$368.14
Days on Market106
Property Features for 5030 State Hwy Eastham
General Information
Standard status
Active
Size
2,442 SF
Zoning
RES & COMM
Taxes and HOA fees
Annual Taxes
$3,248
Building Details
Building Size
2,442 SF
Year Built
1890
Listing Agency:
(508) 501-1443
Listed By:
Leanne McCormick
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 15
Changed: Aug 28
Last Checked: Aug 28 at 7:25AM
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 Leanne McCormick
Investment Insights
Based on property information with market context.
This mixed-use commercial property is located in a high-traffic area near the Cape Cod National Seashore. Situated on a corner lot, the property features street presence, accessibility, and on-site parking. The building includes a full-size commercial kitchen suitable for catering, café, bakery, food production, or hospitality-related operations. The layout allows for various commercial uses, subject to local zoning regulations. The second floor is currently used as a short-term rental, offering income potential and flexibility for owner occupancy or employee housing. The location is surrounded by established businesses, residential neighborhoods, and seasonal tourism, providing visibility and customer traffic. The property size is 2442 square feet.
Key Highlights
- High‑traffic location near Cape Cod National Seashore with excellent street visibility.
- Full‑size commercial kitchen ideal for food‑related businesses.
- Income‑producing second‑floor short‑term rental unit.
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
$37,662
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
4.19%
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%
$753,240
$753.2K
Cap Rate 7%
$538,029
$538.0K
Cap Rate 9%
$418,467
$418.5K
Market Conditions
NOI Build-Up for 2,442 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
$52.7K $21.60/SF
− Vacancy
−$2.5K −$1.04/SF
EGI
$50.2K $20.56/SF
− OpEx
−$12.6K −$5.14/SF
NOI
$37.7K $15.42/SF
Area
Barnstable County, MA
Vacancy
4.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$753,240
Cap Rate 7%
$538,029
Cap Rate 9%
$418,467
Alternative Uses
Best Use
Specialty Retail
$538.0K
$470.8K – $627.7K
NOI $37,662 @ 7.0% cap · market cap 4.19%
Second Best
Industrial
$503.7K
$440.8K – $587.7K
NOI $35,262 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$995.1K
$870.7K – $1.16M
NOI $69,659 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
3,500 visits/mo
0.5 miles
Demographics for 02642, MA
5,752
Population
6,349
Households
0.9
Avg Household Size
61
Median Age
52%
College-Educated
96%
High-School Grad
14.0 sq mi
ZIP Area
411
Density / Sq Mi
$72,683
Median Household Income
$42,638
Median Earnings
$1,692
Median Rent
$668,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial kitchen and short-term rental potential.
Where is this mixed-use property located?
The property is located at 5030 State Hwy Eastham Eastham, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: High‑traffic location near Cape Cod National Seashore with excellent street visibility.; Full‑size commercial kitchen ideal for food‑related businesses.; Income‑producing second‑floor short‑term rental unit.
