Building Details

Building Size 1,584 SF

Year Built 1860

Listing Agency: Jack Conway & Co Inc

Listed By: Alexander Zay Show Phone

Source: Paulgrover

Added: Oct 19 Changed: Oct 21 Last Checked: Oct 21 at 2:34AM

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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 Jack Conway & Co Inc

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Investment Insights

Based on property information with market context.

The 1,584-square-foot mixed-use condominium is the historic Kendrick House, built in 1860. Its first floor provides approximately 1,032 square feet of commercial or retail space across four rooms, with two half baths, a kitchenette, wide pine flooring, and French doors opening to a private patio with pergola. The two-bedroom apartment upstairs has a separate exterior entrance, hardwood floors, sloped ceilings, and an eat-in kitchen with a gas stove, microwave, dishwasher, and stainless sink. The property is delivered vacant.

Located at 894 Main Street in Chatham, the condominium is within Munson Meeting professional village. Parking is shared with adjoining businesses. The building has natural gas heat and public water and sewer.

Key Highlights

• 1,584‑square‑foot mixed‑use condominium; built in 1860
• First‑floor commercial or retail area spans approximately 1,032 SF across four rooms
• Two‑bedroom apartment upstairs with separate exterior entrance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,532

Cap Rate

3.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$650,640 $650.6K

Cap Rate 7%

$464,743 $464.7K

Cap Rate 9%

$361,467 $361.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,584 SF

Gross rent

$47.5K $30.00/SF

− Vacancy

−$1.0K −$0.66/SF

EGI

$46.5K $29.34/SF

− OpEx

−$13.9K −$8.80/SF

NOI

$32.5K $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%

$650,640

Cap Rate 7%

$464,743

Cap Rate 9%

$361,467

Alternative Uses

Best Use

Retail

$464.7K

$406.7K – $542.2K (±1% cap)

NOI $32,532 @ 7.0% cap · market cap 3.62%

Second Best

Mixed Use

$315.7K

$276.2K – $368.3K (±1% cap)

NOI $22,097 @ 7.0% cap · market cap 2.46%

Theoretical Best

Office A

$645.5K

$564.8K – $753.1K (±1% cap)

NOI $45,184 @ 7.0% cap · market cap 5.03%

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

Property Analytics

Current Use

A Great Yarn (Bike/Boat/Book/etc) Store Chatham Hair Studio Hair Salon The Caep (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Dental Office Grocery & Convenience Store Auto Repair Shop Storage Facility

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

1

Residential units

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

425

Businesses Nearby

12k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Cumberland Farms Shops & Services

10,574 visits/mo 0.4 miles

Chatham Ford, Inc Shops & Services

1,043 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Street-level business space is paired with a separately accessed apartment above.

Where is this mixed-use property located?

The property is located at 894 Main Street Chatham, 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: 1,584‑square‑foot mixed‑use condominium; built in 1860; First‑floor commercial or retail area spans approximately 1,032 SF across four rooms; Two‑bedroom apartment upstairs with separate exterior entrance