40 Davis Straits Falmouth, MA 02540
Property profile & analytics
40 Davis Straits Falmouth, MA 02540
- Showrooms
- 5,100 SF
- 0.72 lot acres
Property ID
US38-0609356
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.
Location Intelligence
Current Use by Public Records
- ConvenientMD Urgent Care / Medical Clinic
- LabCorp / Blood Testing Service / Diagnostic Center
- Francesca Donaghey / Physician
- TINA L HOWE / Physician
Property Details for 40 Davis Straits
- Year built
- 2018
- Construction
- STEEL FRAME
- Lot size
- 0.72 lot acres
- Property size
- 5,100 SF
- Zone code
- B2
- Property type
- Showrooms
- APN
- FALM 39 S:21 P:004E L:000
- APU
- FALM39S21P004EL000
Description
This exceptional 5,099 square foot Class A medical office building in Falmouth, MA, presents a compelling investment opportunity. Situated on a 0.72-acre lot at 40 Davis Straits, this property boasts a prime location on Route 28, a major thoroughfare with high visibility and traffic volume (14,657 vehicles per day). The building is 100% occupied by ConvenientMD, a leading New England urgent care provider, under a 15-year absolute NNN lease (commencing November 6, 2018) with 9.5 years remaining. The lease includes four five-year renewal options, each with an 11% rent increase. The current annual net operating income (NOI) is $243,375, resulting in a 6.15% capitalization rate. The tenant is financially strong, backed by a corporate guarantee, and responsible for all operating expenses except roof maintenance. Built in 2018, this property benefits from a dense population base, with over 15,465 residents within a 3-mile radius and an average household income exceeding $127,990. The property's proximity to major retailers like Walmart, Shaw's, and TJ Maxx further enhances its desirability. This stabilized investment offers a secure, low-management opportunity with built-in inflation protection through the lease's rent escalations. The asking price is $3,957,317, making it an attractive addition to any portfolio. This offering is ideal for a 1031 exchange.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,185,000
- 6.5%
- $1,095,000
- 7%
- $1,015,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $965,000
Market price range: $215k - $966k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $965,000 Current use
- RESTAURANT
- $1,265,000 Change: +31% Conversion: Difficult
- RETAIL STORES
- $1,155,000 Change: +20% Conversion: Easy
- OFFICE BUILDING
- $1,125,000 Change: +16% Conversion: Easy
- AUTO REPAIR, GARAGE
- $875,000 Change: -10% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $780,000 Change: -19% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Falmouth
- County
- Barnstable
- State
- Massachusetts
- Longitude
- -70.6002
- Latitude
- 41.557
- 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
$17,965
$623,900
$2,236,700
$2,860,600
-
$0.00
$0.00
$0.00
