Retail Condo with Display
For Sale
$299,000
569 Main Street, Hyannis, MA 02601
Commercial Sale, Hyannis, MA
Property Size532 SF
Price / SF$562.03
Days on Market184
Property Features for 569 Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Appliances
Water Heater
Elementary school district
Barnstable
Middle school district
Barnstable
High school district
Barnstable
Directions
Main Street Hyannis to 569 Unit 1 on the left.
Subdivision
Barnstable
Standard status
Active
APN
HYAN M:308 L:11100D
Size
532 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1341
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1987
Floors in Building
1
Flooring type
Vinyl
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Coastal Point Properties, LLC
(508) 258-9500
Listed By:
Sofiya Bailey
(774) 216-0488
Added: Mar 2
Changed: Sep 1
Last Checked: Sep 2 at 3:06PM
MLS# 22600581
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.
Investment Insights
Based on property information with market context.
This 532-square-foot commercial condominium contains an open storefront layout with large display windows and room for retail, boutique, office, gallery, or service-oriented operations. Brick construction, vinyl flooring, electric heat, wall-unit cooling, a water heater, public water, and public sewer are in place. The property was built in 1987 and has an asphalt roof.
The space is positioned on Main Street in Hyannis, near Hyannis Harbor and within a commercial district that includes shops, restaurants, waterfront attractions, ferry terminals, and public parking. The setting is described as serving both pedestrian and vehicle traffic throughout the year, with additional seasonal activity associated with Cape Cod. Signage potential is also identified as a feature of the storefront.
The space is positioned on Main Street in Hyannis, near Hyannis Harbor and within a commercial district that includes shops, restaurants, waterfront attractions, ferry terminals, and public parking. The setting is described as serving both pedestrian and vehicle traffic throughout the year, with additional seasonal activity associated with Cape Cod. Signage potential is also identified as a feature of the storefront.
Key Highlights
- 532 SF commercial condominium with an open storefront layout
- Large display windows and signage potential
- Main Street location in Hyannis near Hyannis Harbor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,926
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$218,520
$218.5K
Cap Rate 7%
$156,086
$156.1K
Cap Rate 9%
$121,400
$121.4K
Market Conditions
NOI Build-Up for 532 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.0K $30.00/SF
− Vacancy
−$351 −$0.66/SF
EGI
$15.6K $29.34/SF
− OpEx
−$4.7K −$8.80/SF
NOI
$10.9K $20.54/SF
Area
Barnstable County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$218,520
Cap Rate 7%
$156,086
Cap Rate 9%
$121,400
Alternative Uses
Best Use
Retail
$156.1K
$136.6K – $182.1K
NOI $10,926 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$216.8K
$189.7K – $252.9K
NOI $15,176 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 21%
Apparel 5%
Hotels & Casinos 4%
McDonald's
Dining
15,813 visits/mo
0.2 miles
Burger King
Dining
7,526 visits/mo
0.2 miles
Santander Bank
Shops & Services
3,376 visits/mo
0.2 miles
Balise Ford
Shops & Services
2,850 visits/mo
0.3 miles
Wings Beachwear
Apparel
1,826 visits/mo
0.1 miles
Demographics for 02601, MA
16,487
Population
9,077
Households
1.8
Avg Household Size
43
Median Age
28%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
1,874
Density / Sq Mi
$62,989
Median Household Income
$36,183
Median Earnings
$1,629
Median Rent
$408,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Bee & Blossom — 675 Main St, Hyannis, MA 02601
Frequently Asked Questions
What type of property is this?
Storefront property - 532-square-foot commercial condominium with an open floor plan, prominent glazing, and flexible retail or service use.
Where is this storefront property located?
The property is located at 569 Main Street Hyannis, MA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 532 SF commercial condominium with an open storefront layout; Large display windows and signage potential; Main Street location in Hyannis near Hyannis Harbor
