Property profile

697 Main St Chatham, MA 02633

FOR SALE
Office buildings
Property ID
US38-1321794
3,415 SF 0.26 ac lot Built 1962
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This in-town multi-level building is suitable for professional office, commercial, or retail use, with potential for an upstairs apartment. The structure contains over three finished floors and is fully renovated (renovation completed in 2008) with additional space added in 2015. It is ADA-compliant and served by an elevator providing access to all three finished levels. The property includes 13 on-site parking spaces, with additional public parking available across the street, and it is positioned with prominent street visibility and signage. The first floor is configured with a reception area, five offices, and a waiting area; the second floor includes a full bathroom and six offices. The lower level contains two half baths, a lounge area, additional finished space, and access areas for utilities and the elevator mechanical room, along with a large unfinished area. The lot size is 0.26 acres, and the building property size is 4,235 square feet.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1962
Construction FRAME
Total area 3,415 SF
Lot 0.26 ac (11,320 SF)
Zoning code GB2
APN CHAT M:14E B:0019 L:13A
UPID US38-1321794

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
  • Insurance Agency

Location

697 Main St Chatham, MA 02633
Chatham metro Census 10600 BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.18M
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2008
3 recorded transactions
2008
Price N/A
2008
$739,000
1969
Price N/A

Zoning & alternative use

GB2 · Chatham, MA
Zoning description

automobiles accessory to and abutting a use or uses lawfully established in the GB1 or GB2 Zoning District. Such parking facilities are not to be used for sales, repair work or servicing of any kind, and no advertising s…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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