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Property profile & analytics
OFF-MARKET Estimated value $580,000
Office buildings

121 Locust St Falmouth, MA 02540-2668

2,608 SF 0.24 ac lot Built 1967
Individually Owned 19-yr Hold Free & Clear
Property ID
US38-0471196
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1967
Construction FRAME
Total area 2,608 SF
Lot 0.24 ac (10,411 SF)
Zoning code GR
APN FALM 47A S:01 P:050B L:001
UPID US38-0471196
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
  • Locust Street Sign Co (Bike/Boat/Book/etc) Store Printing Service
  • Cape Coastal Computers Computer & Electronic Repair
  • Morningstar Design Marketing & Advertising (Bike/Boat/Book/etc) Store
  • PenGwynn Prints (Bike/Boat/Book/etc) Store
  • PGM Landscapes Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$522k
Blend (final) Blend
$580k
Owner & transaction history
Catherine E Mcgowan · 19 yrs held
Catherine E Mcgowan
since 2007
1 recorded transaction
2007
$1
Zoning & alternative use
GR · Falmouth, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

In the GR District, the Zoning Board of Appeals finds that: a) The dwelling has been in existence as of January 1, 2000; b) There is no material change to the exterior of the existing dwelling, including architectural features; c) The size of the dwelling and the lot are suitable for the conversion; and d) All resulting rental dwelling units shall have a min…

Zone name General Residence
General category RESIDENTIAL
Zone area 174.61 ac
Top alternative use upside
Retail stores $590,000 +2.7%
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