Flexible Commercial Condo with
For Sale
$550,000
68 Nicolettas, Mashpee, MA 02649
Commercial condo featuring showroom, office space, and fenced yard.
Property Size2,464 SF
Price / SF$223.21
Days on Market531
Property Features for 68 Nicolettas
General Information
Standard status
Active
Size
2,464 SF
Taxes and HOA fees
Annual Taxes
$3,009
Building Details
Year Built
2006
Listing Agency:
CHATELAIN REAL ESTATE
Listed By:
NED B CHATELAIN
Source:
Corcoran
Added: May 1, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 CHATELAIN REAL ESTATE
Investment Insights
Based on property information with market context.
This flexible commercial end-unit condo offers a range of possibilities with I-1 zoning. The first floor is divided between a full-height bay with loft storage and a showroom that includes a reception area and a bathroom. The second level features a large office space, a kitchenette, a full bathroom, and additional storage. Adjacent to the unit is a fenced yard storage space. The property size is 2464 square feet. The yearly fee is $1540.
Key Highlights
- Flexible I‑1 zoning allows for a wide range of commercial uses.
- End‑unit condo offers enhanced privacy and potentially more natural light.
- Includes both showroom/reception area and large office space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,606
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,120
$1.0M
Cap Rate 7%
$722,943
$722.9K
Cap Rate 9%
$562,289
$562.3K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$73.9K $30.00/SF
− Vacancy
−$1.6K −$0.66/SF
EGI
$72.3K $29.34/SF
− OpEx
−$21.7K −$8.80/SF
NOI
$50.6K $20.54/SF
Area
Barnstable County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,120
Cap Rate 7%
$722,943
Cap Rate 9%
$562,289
Alternative Uses
Best Use
Office B
$740.0K
$647.5K – $863.4K
NOI $51,803 @ 7.0% cap · market cap 9.42%
Second Best
Retail
$722.9K
$632.6K – $843.4K
NOI $50,606 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$1.00M
$878.6K – $1.17M
NOI $70,287 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 02649, MA
15,060
Population
10,522
Households
1.4
Avg Household Size
55
Median Age
44%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
644
Density / Sq Mi
$95,852
Median Household Income
$52,826
Median Earnings
$1,808
Median Rent
$515,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Commercial condo featuring showroom, office space, and fenced yard.
Where is this office units located?
The property is located at 68 Nicolettas Mashpee, MA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Flexible I‑1 zoning allows for a wide range of commercial uses.; End‑unit condo offers enhanced privacy and potentially more natural light.; Includes both showroom/reception area and large office space.
