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    467 Main St West Dennis, MA 02670

    Sponsored
    For Sale
    $886,000

    MULTI_FAMILY - West Dennis, MA

    Property size:
    4,440 SF
    Lot size:
    1.00 Acre
    Days on Market:
    4
    Last Refresh:
    Jan 23 at 11:06 pm

    Property Features for 467 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 4, Basement, Bathroom 2, Bathroom 1, Bedroom 2
    Bedrooms
    4
    Bathrooms
    4
    APN
    DENN M:000065 P:035-000
    Exterior features
    Private Yard, Outdoor Shower
    Basement
    Full, Walk-Out Access
    Appliances
    Water Heater, Tankless Water Heater
    Size
    4,440 SF
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Central Air, Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1860
    Floors in Building
    2
    Flooring type
    Carpet, Wood, Tile, Vinyl
    Building materials
    Clapboard, Shingle Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Lisa D Steele

    Steele Associates Real Estate (508) 385-7311

    Listing agent Lisa D Steele (508) 737-5742

    Listing date Jan 20, 2026

    MLS# 22505525 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Acre on Main Street

    This mixed-use property, zoned GCII, is situated on an acre of land on Main Street. The main building features over 1600 square feet of space on the first floor, equipped with air conditioning and gas heat, suitable for offices, retail, or conversion to living space. The second level includes a 2-bedroom apartment with laundry facilities, a deck, and a walk-up attic that could serve as a studio or for storage. This apartment has a combination of gas heat and electric heat. The main building also has a full basement and a new gas boiler. A separate 2-bedroom, 1.5-bath ranch is located on the lot, featuring built-in AC units and electric heat. It includes a large living room, an eat-in kitchen with a pantry and laundry, a guest bedroom, and an oversized primary bedroom with a deck. The deck provides access to a screened gazebo. The property includes a yard area with a shed. The property, known as Smith's Time Shop for several decades, offers 4440 square feet of total space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    West Dennis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.16512
    Latitude
    41.665594

    Nearby Similar for Sale

    • New
      $886,000
      4,440 SF

      West Dennis Mixed-Use Retail Opportunity

      Retail space with residential units in West Dennis, Massachusetts.
      467 Main St, West Dennis, MA 02670
      View Details
    • $470,000
      764 SF

      West Dennis Commercial Property For Sale

      Prime commercial property on Main Street with high visibility.
      855 Main St, West Dennis, MA 02670
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Adaptable mixed-use property with residential and commercial potential on Main Street.
    Where is this mixed-use property located?
    The property is located at 467 Main St West Dennis, MA.
    What is the asking price?
    The asking price for this property is $886,000.
    What are key features of this property?
    This property features: - Mixed-use property (GCII) suitable for residential and commercial purposes on Main Street.; - Two separate residential units: a 2-bedroom apartment and a 2-bedroom ranch.; - Main building with **over 1600 sq ft on the first floor**, adaptable for offices, retail, or living space, plus a full basement.
    (508) 737-5742
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    467 Main St West Dennis, MA 02670
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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.

    More about this property
    467 Main St West Dennis, MA 02670
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    We can help!
    Listing Contact
    Lisa D Steele
    (508) 737-5742
    Learn more
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