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    West Dennis Restaurant Opportunity Title is generated by Realmo AI

    369 Main Street, West Dennis, MA 02670

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    For Lease
    $113,736 SF/Yr $67,379,102/Mo (calc)

    COMMERCIAL - West Dennis, MA

    Property size:
    7,109 SF
    Lot size:
    0.92 Acres
    Added:
    Feb 1, 2026
    Days on Market:
    102
    Last Refresh:
    May 14 at 6:06 am

    Property Features for 369 Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Basement
    Full
    Appliances
    Water Heater
    Standard status
    Active
    Size
    7,109 SF
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    6000

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1938
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Vinyl Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Mike Valentine

    Listing agent Mike Valentine

    Listing office Premier Commercial 1645 Falmouth Road, Building G, Centerville, MA

    Listing date Feb 1, 2026

    MLS# 22600358

    Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brand‑new, fully‑equipped 5,300+\/- SF restaurant space ready for immediate operation.
    • Prime West Dennis location in an active dining market.
    • Includes 1,800+\/- SF second‑floor residential/office space with two bedrooms and a full bath.
    • Large open bar area ideal for high‑volume service.
    • Turnkey and versatile space suitable for various restaurant concepts.
    • New construction with modern amenities including central air and security surveillance.

    Overview

    This property presents a leasing opportunity for a new restaurant space in West Dennis, Massachusetts. The space features new construction and spans over 5,300 square feet. It includes a large, open bar area suitable for high-volume service, and a fully equipped commercial kitchen with new equipment. The lease also includes an approximately 1,800 square foot second-floor residential or office space. This unit contains two bedrooms, a full bathroom, and a private office, along with full security surveillance. The property is suitable for owner-operators seeking on-site management, staff housing, or the convenience of living above the business. The property is located in an active dining market on Cape Cod. The lot size is 0.92 acres. The total property size is 7,109 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ardeo Cafe & Catering — 581 Main St, West Dennis, MA 02670

    Location Insight

    • Map
    • Local Demand
    City
    West Dennis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.1681
    Latitude
    41.663837

    Nearby Similar for Lease

    • $2,500/Mo

      Retail Unit in West Dennis

      Retail space available for lease next to Dunkin Donuts.
      927 Main Street, West Dennis, MA 02670
      View Details
    • Contact for pricing

      Retail Unit For Lease

      Retail space available next to Dunkin Donuts.
      927 Main Street, West Dennis, MA 02670
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant space with residential/office unit in West Dennis.
    Where is this restaurant located?
    The property is located at 369 Main Street West Dennis, MA.
    What is the lease rate?
    The lease rate is $113,736.
    What are key features of this property?
    This property features: Brand‑new, fully‑equipped 5,300+\/- SF restaurant space ready for immediate operation.; Prime West Dennis location in an active dining market.; Includes 1,800+\/- SF second‑floor residential/office space with two bedrooms and a full bath.
    (508) 958-6927
    We can help!
    Listing Contact
    Mike Valentine
    Learn More
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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.

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