157 Locust StFalmouth, MA 02540

  • Office properties
  • 3,901 SF
For Lease
$144/SF/YR View listing

Property Details for 157 Locust St

Year built
1934
Construction
FRAME
Lot size
0.28 AC
Property size (Sq ft)
3,901 SF
Zone code
GR
Property type
Office properties
Property subtype
Office buildings
APN
FALM 47A S:01 P:048 L:000
APU
FALM47AS01P048L000

Description

This exceptional 994 square foot traditional office space is available for lease at 157 Locust Street in Falmouth, Massachusetts, 02540. The completely renovated unit boasts 100% heat and air conditioning, ensuring year-round comfort. Conveniently located near Route 28 and Main Street Falmouth, this property offers easy access to area businesses, shopping, and transportation. A significant advantage is its proximity to the Shining Sea Bike Path, located directly behind the building. The space is perfect for a single tenant and includes reserved parking. The property is zoned GR - General Residence. This upper-level commercial space is offered at a monthly rate of $995, with the first month's rent waived for a 13-month lease. Don't miss this opportunity to secure a well-appointed office in a desirable Falmouth location. The property's convenient access to major roadways and local amenities makes it an ideal choice for businesses seeking a productive and accessible workspace.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $965,514
    6.5%
    $891,243
    7%
    $827,583
  • Comparable approach

    Method
    Valuation
    Relative Method
    $509,705
    Geo Method
    $509,705
  • Alternative Use

    Use
    Valuation
    Residential
    $1,105,142
    Hospitality
    $1,012,304
    Educational
    $842,225
    Medical
    $871,190
    Retail
    $1,310,128
157 Locust St, Falmouth, Massachusetts

Location Insight

City
Falmouth
County
Barnstable
State
Massachusetts
Latitude
41.5521
Longitude
-70.6265
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
$4,472
$335,800
$376,300
$712,100
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