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    204 Main St Orleans, MA 02653

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    204 Main St Orleans, MA 02653

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    • Office buildings
    • 3,701 SF
    • 1.00 lot acres
    For Sale
    $1,499,000
    View Listing →
    East Orleans Commercial Space For Sale
    $1,499,000

    East Orleans Commercial Space

    Renovated commercial space in village center with development potential.

    204 Main Street, Orleans, MA 2653
    View Listing
    Property ID
    US38-1560836
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    8.8%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Ann Marie Johnson, MD / Pediatrician / Physician
    • Conley Mary E / Physician
    • Roesler Evelyn S / Employment Agency
    • Brian Daggett / Physician

    Property Details for 204 Main St

    Year built
    1850
    Construction
    FRAME
    Lot size
    1.00 lot acres
    Property size
    3,701 SF
    Zone code
    RB
    Property type
    Office buildings
    APN
    ORLE M:035.0 B:0067 L:0000.0
    APU
    ORLEM0350B0067L00000

    Description

    This unique 3,701 square foot property at 204 Main Street, Orleans, MA 02653, presents a compelling investment opportunity. Built in 1850, this special purpose building sits on a substantial 43,560 square foot lot and is currently priced at $1,995,000. Previously used as a doctor's office, the expansive space offers significant potential for diverse commercial ventures. Alternatively, the property lends itself to conversion into a remarkable family residence, or a blend of residential and commercial use. The large, sunlit commercial area is adaptable to various needs. The generous lot size allows for significant redevelopment, creating a beautiful home conveniently located near the village center, beaches, biking trails, marinas, and restaurants. Once approved for residential use, the property could accommodate at least four bedrooms. The seller is open to offers including requests for buyer concessions. This prime location and flexible layout make it ideal for those seeking a stylish, walkable lifestyle or a thriving business venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $950,000
      ML approach
      $965,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,385,000
      6.5%
      $1,275,000
      7%
      $1,185,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,279,000
      Market price range: $477k - $1.28M
      AI Estimate
      $1,492,000
      Market price range: $503k - $1.49M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $835,000
      Current use
      RETAIL STORES
      $840,000
      Change: +0% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $820,000
      Change: -2% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orleans
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -69.9677
    Latitude
    41.7852
    CBSA code
    12700
    CBSA name
    BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,160
    $408,000
    $709,000
    $1,117,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,315,000
      14,340 SF

      8 Cardinal Ln

      OFFICE BUILDING • 14,340 SF
      8 Cardinal Ln, Orleans, MA 02653-2455
      View Details
    • Value Estimation
      $545,000
      3,602 SF

      14 Old Tote Rd

      OFFICE BUILDING • 3,602 SF
      14 Old Tote Rd, Orleans, MA 02653-3210
      View Details
    • Value Estimation by Request
      2,160 SF

      257 Rock Hbr Rd

      OFFICE BUILDING • 2,160 SF
      257 Rock Hbr Rd, Orleans, MA 02653-2314
      View Details
    • Value Estimation
      $630,000
      1,792 SF

      179 Rt 6a

      OFFICE BUILDING • 1,792 SF
      179 Rt 6a, Orleans, MA 02653-3206
      View Details
    • Value Estimation
      $2,605,000
      8,893 SF

      20 Ww Rd

      OFFICE BUILDING • 8,893 SF
      20 Ww Rd, Orleans, MA 02653-3203
      View Details
    • Value Estimation
      $875,000
      4,055 SF

      6 Rt 6a

      OFFICE BUILDING • 4,055 SF
      6 Rt 6a, Orleans, MA 02653-2412
      View Details

    Similar Nearby for Sale

    • $1,300,000
      4,000 SF

      Orleans Village Center Commercial Property

      Commercial property in excellent condition with expansion potential.
      12 Main St, Orleans, MA 02653
      View Details
    • $3,900,000
      14,341 SF

      Orleans Office Building For Sale

      14,340 SF office building in the heart of Orleans.
      8 Cardinal Ln, Orleans, MA 02653
      View Details
    • $3,900,000
      Pending

      Orleans Office Building For Sale

      14,340 SF office building on 2.6+ acres in Orleans.
      8 Cardinal Ln, Orleans, MA 02653
      View Details
    • $3,900,000

      Orleans Office Building For Sale

      14,340 SF office building in the heart of Orleans.
      8 Cardinal Ln, Orleans, MA 02653
      View Details
    • $1,399,000

      Main Street Commercial Condo

      3,595 SF commercial condo on Main Street for sale.
      32 Main St, Orleans, MA 02653
      View Details
    • $2,150,000
      3,843 SF

      Orleans Mixed-Use Investment Opportunity

      Three parcels with residential and commercial units in central Orleans.
      88 Route 6A, Orleans, MA 02653
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,822 SF

      Orleans Village Second Floor Office

      Second floor office space in Orleans Village for lease.
      26 Main St, Orleans, MA 02653
      View Details
    • $13,200 /Mo
      500 SF

      Orleans Office Space on Main

      Second-floor office space in the heart of Orleans, Massachusetts.
      26 Main St, Orleans, MA 02653
      View Details
    • Contact for pricing

      Orleans Office Space on Main

      Second-floor office space in the heart of Orleans, MA.
      26 Main St, Orleans, MA 02653
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent in Orleans, Massachusetts.
      24 Ma-6A, Orleans, MA 02653
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Orleans, MA

      Retail space available for lease in Orleans, Massachusetts.
      101 Rt 6A, Orleans, MA 02653
      View Details
    • $3,800 /Mo
      2,241 SF

      Orleans Commercial Kitchen For Rent

      Adaptable commercial kitchen space in Orleans, Massachusetts.
      12 Commerce Dr, Orleans, MA 02653
      View Details
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    204 Main St
    Orleans, MA 02653
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    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
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    204 Main St, Orleans, MA, 02653

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