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Property profile & analytics
OFF-MARKET
Office Spaces

12 Main St 1 Orleans, MA 02653-2418

890 SF 0.5 ac lot Built 1875
Trust Owned 8-yr Hold Free & Clear
Property ID
US38-1101041
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Michael I Flores PC Law Firm
  • Homes By Sisson Construction Company
  • Cape Cod Mortgage Trust Loan Service Bank
  • ComForCare Home Care (Cape Cod, MA) Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Sisson,scott B Living Trust 2017 · 8 yrs held
Sisson,scott B Living Trust 2017
since 2017
2 recorded transactions
2017
Price N/A
1987
$145,000
Zoning & alternative use
VILLAG · Orleans, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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