Building Details

Buildings 2

Stories 1

Units 24

Listed By: Chuck Carey Show Phone

Added: Dec 25, 2024 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This established hospitality property features a 24-room motel on a 1.42-acre lot. The property is located in South Yarmouth, Massachusetts, providing access to beaches, dining, and attractions. The building has a total size of 5,855 square feet. In addition to the motel, the property includes a former indoor pool house, currently used for storage, with potential for future development. The motel offers guest accommodations and is positioned as a hospitality asset in a tourist destination.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,422

Cap Rate

3.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,468,440 $1.5M

Cap Rate 7%

$1,048,886 $1.0M

Cap Rate 9%

$815,800 $815.8K

Market Conditions

NOI Build-Up for 5,855 SF

Gross rent

$175.7K $30.00/SF

− Vacancy

−$21.1K −$3.60/SF

EGI

$154.6K $26.40/SF

− OpEx

−$81.2K −$13.86/SF

NOI

$73.4K $12.54/SF

Area

Barnstable County, MA

Vacancy

12.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,468,440

Cap Rate 7%

$1,048,886

Cap Rate 9%

$815,800

Alternative Uses

Best Use

Hotel Hospitality

$1.05M

$917.8K – $1.22M (±1% cap)

NOI $73,422 @ 7.0% cap · market cap 3.92%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.39M

$2.09M – $2.78M (±1% cap)

NOI $167,016 @ 7.0% cap · market cap 8.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Hospitality properties

Location Intelligence

Trade Area within ½ mile

221

Businesses Nearby

Explore this area Business Placement

Demographics for 02664, MA

9,935

Population

7,185

Households

1.4

Avg Household Size

55

Median Age

38%

College-Educated

95%

High-School Grad

7.0 sq mi

ZIP Area

1,419

Density / Sq Mi

$78,796

Median Household Income

$43,285

Median Earnings

$1,692

Median Rent

$479,400

Median Home Value

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Frequently Asked Questions

What type of property is this?

Hospitality property - 1.42 Acres with motel and a former indoor pool house used for storage.

Where is this hospitality property located?

The property is located at 759 MA-28 Yarmouth, MA.

What is the asking price?

The asking price for this property is $1,875,000.