Technical
Financial
Distress signals
Property profile

12 Main St 1 Orleans, MA 02653

OFF-MARKET
Office Spaces
Property ID
US38-1101041
890 SF 0.5 ac lot Built 1875
Trust Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional two-story office building in Orleans Village Center, MA, presents a compelling investment opportunity. The 4,000 square-foot property sits on a half-acre lot, offering ample parking and potential for expansion. Currently housing four tenants with short-term leases across six condominium units, it provides a flexible income stream and diverse layout. The building features a mix of HVAC systems (gas, electric, and central cooling in some areas) and is connected to municipal sewer. Zoned VC, it's ideally situated to attract various businesses. The asking price is $1,300,000 ($325/sq ft, $216,667/unit), with a 60% occupancy rate currently, reaching full occupancy by May 30, 2024. Existing financials are available to qualified buyers under a non-disclosure agreement. The annual real estate tax for all six units is $5,210. Note that a right of first refusal exists for one tenant. This presents a rare chance to acquire a prime commercial property in a desirable location. Built in 1875, the building offers both immediate income and long-term growth potential.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1875
Construction FRAME
Total area 890 SF
Lot 0.5 ac (21,780 SF)
Zoning code VILLAG
APN ORLE M:025.0 B:0057 L:0001.0
UPID US38-1101041

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Construction Company
  • Loan Service Bank
  • Home Health Care Service

Location

12 Main St, Unit 1 Orleans, MA 02653-2418
Orleans metro Census 10400 BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
1987
$145,000

Zoning & alternative use

VILLAG · Orleans, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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