Individually Owned Property summary
AI-generated overview
This medical condominium is located in the North Falmouth medical community and sits on a 1.06-acre site. The property is zoned LIA – Light Industrial A and is part of a condominium complex in which Unit 1B holds an approximately 35% common interest. Unit 1B contains about 3,694 square feet and includes a reception/waiting area, three offices, ten exam rooms, two nurses’ stations, two ADA-compliant restrooms, laundry facilities, and break rooms. Parking totals 11 shared spaces, including two ADA-compliant spaces. The site is positioned along Rte 28 and is near the North Falmouth Rte 151 exit off Rte 28; MassDOT traffic counts cited for 2024 report 27,691 vehicles per day on Rte 28 and 13,104 vehicles per day at the Rte 28A intersection.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
2005
Construction
STEEL FRAME
Total area
2,183 SF
Zoning code
LA
APN
FALM 05 S:10 P:019B L:008U
UPID
US38-0775643
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician
-
Medical Clinic Hospital
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$470k
Comparable Approach
Comparable
$508k
Blend (final)
Blend
$315k
Owner & transaction history
1 recorded transaction
Zoning & alternative use
LA · North Falmouth, MA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$315k
Value range
$284k – $347k
±10% around blend
Estimated value / SF
$144 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
$284k
blend $315k
$347k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,183 SF
Year built
2005
Stories
1
APN
FALM 05 S:10 P:019B L:008U
Zoning
LA
Assessed value
$615,400
Annual tax
$3,865
3
Income approach: direct capitalization
Partial preview
Income approach indication
$470k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$510k
@ 6.5% CAP return
$470k
@ 7% CAP return
$435k
4
Sales comparison
Partial preview
Sales approach indication
$976k
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.0 mi away · 2,448 SF
10.1 mi away · 1,816 SF
11.4 mi away · 1,932 SF
15.6 mi away · 2,512 SF
16.4 mi away · 1,712 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$315k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 592 sales
$291
-50%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $144/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
9.70%
Implied, in-place cap rate for this other commercial real estate
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.70%
9.0%
NOI (est.)
$43k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$444k
Move the market yield to see immediate price impact.
Value / SF
$203
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
9.20%9.70%10.20%
$39k
$421k
$400k
$380k
$43k
$468k
$444k
$422k
$47k
$515k
$489k
$465k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$1.05M
2.2 mi · Feb 2026 · $569/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,865
Tax year 2024
Assessed value
$615,400
Assessed 2024
Previous assessed
$608,400
+1.2% YoY
Effective rate
0.63%
On assessed value
Assessed improvement
$615,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
2,183 SF
Zoning code
LA
APN
FALM 05 S:10 P:019B L:008U
UPID
US38-0775643
Jurisdiction
FALMOUTH
Zoning & alternative use
LA · North Falmouth, MAZoning LA · permitted uses
LA · North Falmouth, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LA
Jurisdiction
North Falmouth, MA
Recorded code
LA
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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