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Property profile & analytics
OFF-MARKET Estimated value $570,000
Office buildings

19 Locust St Falmouth, MA 02540-2656

2,234 SF 0.44 ac lot Built 1890
Individually Owned 2-yr Hold Free & Clear
Property ID
US38-0204360
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1890
Construction FRAME
Total area 2,234 SF
Lot 0.44 ac (19,001 SF)
Zoning code GR
APN FALM 47A S:03 P:062 L:000
UPID US38-0204360
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
  • Pink Cloud Property Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
$770k
Comparable Approach Comparable
$617k
Blend (final) Blend
$570k
Owner & transaction history
Bojangles RT · 2 yrs held
Bojangles RT
since 2024
Last sale
$570,000
5 recorded transactions
2024
$570,000
2020
Price N/A
2006
Price N/A
1999
$125,000
1987
$150,000
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 $505,000 +2.7%
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