Chatham In-Town Commercial
For Sale
$2,399,000
Pending
697 Main St, Chatham, MA 02633
Versatile commercial space in Chatham with parking and elevator.
Property Size1,962 SF
Days on Market226
Property Features for 697 Main St
General Information
Standard status
Pending
Size
1,962 SF
Property subtype
Commercial
Lease Term
Listing ID: 73541936, Standard Status: Pending, MLS Status: Under Agreement, Off market as of 2026-09-02
Building Details
Building Size
1,962 SF
Year Built
1962
Listing Agency:
Commercial Realty Advisors, Inc.
Listed By:
Kevin A. Pepe
(508) 862-9000
Source:
Iverty
Added: Mar 26
Changed: Nov 5
Last Checked: Nov 4 at 3:14PM
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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Investment Insights
Based on property information with market context.
This in-town property is suitable for a professional office, commercial space, or retail store, with the potential for an upstairs apartment. The building features over three finished floors and includes 13 parking spaces, with additional public parking available across the street. Renovated in 2008 by Rick Roy Construction, with additional space added in 2015, the property is ADA-compliant and equipped with an elevator providing access to all three floors. Currently used as professional offices, the first floor includes a reception area, five professional offices, and a waiting area. The second floor features a full bath and six offices. The lower level contains two half baths, a lounge area, another finished space, and access to the utilities and elevator mechanical room, along with a large unfinished area. The property offers signage and exposure in town, presenting an opportunity for establishing and growing a business. The property size is 4235 square feet.
Key Highlights
- Prime in‑town location with high visibility and signage opportunities.
- 13 on‑site parking spaces plus additional public parking available.
- ADA‑compliant with elevator access to all three finished floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,037
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,740
$1.8M
Cap Rate 7%
$1,271,957
$1.3M
Cap Rate 9%
$989,300
$989.3K
Market Conditions
NOI Build-Up for 4,235 SF
Gross rent
$148.4K $35.04/SF
− Vacancy
−$29.7K −$7.01/SF
EGI
$118.7K $28.03/SF
− OpEx
−$29.7K −$7.01/SF
NOI
$89.0K $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%
$1,780,740
Cap Rate 7%
$1,271,957
Cap Rate 9%
$989,300
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $89,037 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,805 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
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Business Placement
Demographics for 02633, MA
4,664
Population
5,425
Households
0.9
Avg Household Size
62
Median Age
65%
College-Educated
99%
High-School Grad
8.6 sq mi
ZIP Area
542
Density / Sq Mi
$94,036
Median Household Income
$50,038
Median Earnings
$1,005
Median Rent
$881,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Barnstable County, MA
Properties on Market for Office buildings in Barnstable County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Versatile commercial space in Chatham with parking and elevator.
Where is this office building located?
The property is located at 697 Main St Chatham, MA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Prime in‑town location with high visibility and signage opportunities.; 13 on‑site parking spaces plus additional public parking available.; ADA‑compliant with **elevator access to all three finished floors.**
