Listing Agency: Gibson Sotheby's International Realty k***@gibsonsir.com Show Phone

Listed By: Keith W Bradley Show Phone

Source: Exprealty

Added: Jun 11, 2025 Changed: Aug 29 Last Checked: Aug 30 at 11:56PM

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Investment Insights

Based on property information with market context.

This 1,123-square-foot office unit occupies a corner position within the property and is offered in its existing condition, allowing the next owner to tailor the space to its needs. The unit is located at A-212 Orleans Rd in North Chatham, Massachusetts, with parking available on site and straightforward access for daily business operations.

Key Highlights

• 1,123‑square‑foot corner office unit
• On‑site parking available
• Convenient access for business operations

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$23,610

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

5.56%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$472,200 $472.2K

Cap Rate 7%

$337,286 $337.3K

Cap Rate 9%

$262,333 $262.3K

Market Conditions

NOI Build-Up for 1,123 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$39.3K $35.04/SF

− Vacancy

−$7.9K −$7.01/SF

EGI

$31.5K $28.03/SF

− OpEx

−$7.9K −$7.01/SF

NOI

$23.6K $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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$472,200

Cap Rate 7%

$337,286

Cap Rate 9%

$262,333

Alternative Uses

Best Use

Office B

$337.3K

$295.1K – $393.5K (±1% cap)

NOI $23,610 @ 7.0% cap · market cap 5.56%

Second Best

Healthcare Medical

$226.8K

$198.5K – $264.6K (±1% cap)

NOI $15,876 @ 7.0% cap · market cap 3.74%

Theoretical Best

Office A

$457.6K

$400.4K – $533.9K (±1% cap)

NOI $32,034 @ 7.0% cap · market cap 7.54%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Dental Office Electrical Service Auto Repair Shop Pharmacy (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

128

Businesses Nearby

Explore this area Business Placement

Demographics for 02650, MA

829

Population

808

Households

1

Avg Household Size

67

Median Age

58%

College-Educated

97%

High-School Grad

1.4 sq mi

ZIP Area

592

Density / Sq Mi

$65,982

Median Household Income

$52,885

Median Earnings

$973,800

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - Corner positioning, on-site parking, and convenient access support a practical business setting.

Where is this office units located?

The property is located at A-212 Orleans Rd North Chatham, MA.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 1,123‑square‑foot corner office unit; On‑site parking available; Convenient access for business operations