Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    25 Way#055 Wellfleet, MA 02667

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    25 Way#055 Wellfleet, MA 02667

    View on Map
    • Specialty properties
    • 4,350 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 25 Way#055

    Year built
    1948
    Property size
    4,350 SF
    Property type
    Specialty properties

    Description

    This exceptional 4.35-acre property in Wellfleet, Massachusetts, presents a rare investment opportunity. The Wellfleet Colony, a historically significant collection of eight mid-century modern cottages, is offered for sale for the first time since 1963. Built in 1948 by renowned architects Nathaniel Saltonstall and Oliver P. Morton, this unique assemblage boasts a total of 4,350 square feet of living space. Situated on a generous 187,744 square foot lot, the property enjoys a coveted location near Chequessett Neck Road, adjacent to the prestigious Chequessett Country Club and stunning bay beaches. Many cottages offer picturesque views of either the bay or the golf course. Its proximity to the Wellfleet harbor and local restaurants adds to its appeal. This property is ideally suited for a developer, investor, or entrepreneur seeking a unique business venture. The seller is open to offers including requests for buyer concessions. Prior to visiting, please schedule an appointment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wellfleet
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.0254
    Latitude
    41.9161

    Comparable in this City

    • Value Estimation by Request
      140 SF

      2183 State Hwy Rte 6th 6

      PROFESSIONAL CLUBS/ASSOCIATIONS • 140 SF
      2183 State Hwy Rte 6th 6, Wellfleet, MA 02667-8902
      View Details
    • Value Estimation by Request
      1,911 SF

      40 Pocahontus Rd

      CHARITABLE ORGANIZATION • 1,911 SF
      40 Pocahontus Rd, Wellfleet, MA 02667
      View Details
    • Value Estimation by Request
      0.31 Acres

      Chequessett Nck Rd

      GOLF COURSE • 0.31 Acres
      Chequessett Nck Rd, Wellfleet, MA 02667
      View Details
    • Value Estimation by Request
      1.50 Acres

      King Phillip Rd

      VACANT COMMERCIAL LAND • 1.50 Acres
      King Phillip Rd, Wellfleet, MA 02667
      View Details
    • Value Estimation by Request
      4,294 SF

      2746 State Hwy Rte 6th 6

      FINANCIAL BUILDING • 4,294 SF
      2746 State Hwy Rte 6th 6, Wellfleet, MA 02667-7404
      View Details
    • Value Estimation by Request
      0.95 Acres

      15 Cinema Cir

      VACANT COMMERCIAL LAND • 0.95 Acres
      15 Cinema Cir, Wellfleet, MA 02667
      View Details

    Similar Nearby for Sale

    • New
      $399,900
      Pending

      Wellfleet Homesite Opportunity

      Wooded homesite near Cahoon Hollow Beach in Wellfleet.
      30 Sam Hollow Rd, Wellfleet, MA 02667
      View Details
    • $530,000
      1.52 Acres

      Wellfleet Land with Pond View

      1.5-acre wooded lot ready for a five-bedroom home.
      60 Perch Pond Way, Wellfleet, MA 02667
      View Details
    • $1,350,000

      Charming Gallery Space in Wellfleet

      Unique property blending history with creative potential near Wellfleet center.
      20 Bank St, Wellfleet, MA 02667
      View Details
    • Contact for pricing

      Truro Land Near National Seashore

      2.66-acre lot in Truro near Cape Cod National Seashore.
      57 Old Kings Hwy, Truro, MA 02667
      View Details
    • $729,000
      Pending

      Wellfleet Restaurant with Liquor License

      Turn-key 50-seat restaurant with outdoor patio and ample parking.
      554 State Hwy Rte 6, Wellfleet, MA 02667
      View Details
    • $575,000
      1.76 Acres

      Wellfleet Acreage Near Beaches

      1.76 acres near Duck Pond and White Crest Beach.
      175 Delphi Path, Wellfleet, MA 02667
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    25 Way#055
    Wellfleet, MA 02667
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    25 Way#055, Wellfleet, MA, 02667

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!