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    880 Main St Ste Chatham, MA 02633-2740

    • Office Properties & Spaces
    • 856 SF
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    8.5%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US38-1852615
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 880 Main St Ste

    Year built
    1998
    Property size
    856 SF
    Zone code
    GB3
    Property type
    Office Properties & Spaces
    APN
    CHAT M:13E B:050G L:X880E
    APU
    CHATM13EB050GLX880E

    Description

    This exceptional 720-square-foot commercial space presents a unique opportunity for a single tenant seeking a high-visibility location in the heart of Chatham. Situated on Main Street, this property boasts excellent street exposure thanks to a large street sign and its strategic proximity to the intersection of Route 28, Crowell Road, Queen Ann Road, and Depot Road. The property is a single-suite building on a 0.49-acre lot (APN: 13E-50C-X880A), ideal for a variety of uses, including office space or retail. Its spacious, wide-open layout offers flexibility for customization to suit individual business needs. The property's prime location offers unparalleled convenience, placing it within easy reach of all that Old Chatham Village has to offer. Enjoy the vibrant atmosphere of nearby art studios, restaurants, local markets, and town offices. Benefit from the high foot traffic generated by its adjacency to the Chatham Village Market and Del Mar Bar & Bistro. This property represents a rare chance to establish a business in a thriving and desirable community. The building's single-tenant occupancy ensures a focused and controlled environment. This is a special purpose property offering a unique blend of accessibility, visibility, and community connection. Don't miss this chance to secure a prominent presence in the heart of Chatham.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $320,000
      6.5%
      $295,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $358,000
      Market price range: $214k - $1.71M
      AI Estimate
      $160,000
      Market price range: $161k - $492k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -69.968
    Latitude
    41.6859
    CBSA code
    12700
    CBSA name
    BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $346
    $0.00
    $96,900
    $96,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $250,000
      1,108 SF

      880 Main St, Unit D

      CONDOMINIUM OFFICES • 1,108 SF
      880 Main St, Chatham, MA 02633-2740
      View Details
    • Value Estimation
      $230,000
      158 SF

      26 George Ryder Rd, Unit 3

      CONDOMINIUM OFFICES • 158 SF
      26 George Ryder Rd, Chatham, MA 02633
      View Details
    • Value Estimation
      $225,000
      351 SF

      593 Main St, Unit 41

      CONDOMINIUM OFFICES • 351 SF
      593 Main St, Chatham, MA 02633-2275
      View Details
    • Value Estimation
      $360,000
      744 SF

      210 Commerce N Park, Unit 4

      CONDOMINIUM OFFICES • 744 SF
      210 Commerce N Park, Chatham, MA 02633
      View Details
    • Value Estimation
      $250,000
      718 SF

      1038 Main St Ste A

      CONDOMINIUM OFFICES • 718 SF
      1038 Main St Ste A, Chatham, MA 02633-2721
      View Details
    • Value Estimation
      $2,550,000
      488 SF

      639 Main St

      CONDOMINIUM OFFICES • 488 SF
      639 Main St, Chatham, MA 02633-2233
      View Details

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    Similar Nearby for Lease

    • $40 SF/Yr

      Chatham Retail Building For Rent

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    • Contact for pricing
      1,000 SF

      Prime Retail Space in Chatham

      Corner retail location in the heart of Main Street Chatham.
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      View Details
    • New
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      Prime Chatham Retail Space Available

      Exceptional commercial space in a highly desirable Chatham location.
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      View Details
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    880 Main St Ste
    Chatham, MA 02633-2740
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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