Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Restaurant Opportunity in Falmouth Title is generated by Realmo AI

    56 Water St, Falmouth, MA 02543

    View on Map
    Claim this Listing
    For Sale
    $999,900

    Charming waterfront property with a successful restaurant in Woods Hole.

    Added:
    Apr 21, 2025
    Days on Market:
    404
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 56 Water St

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1916

    We can help!

    Listing Contact
    Tracey Spellman

    Listing agent Tracey Spellman

    Listing office Rand Atlantic, Inc.

    Listing date Apr 21, 2025

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Rand Atlantic, Inc.

    HighLights

    • Waterfront property overlooking Great Harbor and the Channel.
    • Located in the heart of the vibrant Woods Hole Community.
    • Successful and popular full‑service restaurant tenancy for the past 10 years.
    • 2681 square foot building on three floors.
    • Views of Great Harbor, the Channel into Eel Pond, and the Drawbridge.
    • Built in 1916, offering a piece of Woods Hole history.

    Overview

    This waterfront property, located in the Woods Hole community, was originally constructed in 1916 as a restaurant. Spanning 2681 square feet across three floors, the building offers views of Great Harbor, the Channel, and the Drawbridge. A full-service restaurant, with a seating capacity of 70 to 90, has been a successful tenant for the past 10 years and intends to continue operating at the location. This property presents an opportunity to own a piece of Woods Hole history.
    Property Profile Location Intelligence

    Current Use by Public Records

    Water Street Kitchen Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Gym & Fitness Center Hotel & Motel Department Store Kitchen & Bath Showroom Bar & Pub Garden Center

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

    Similar Places Nearby

    • Sodexo — 5 North St, Falmouth, MA 02543

    Location Insight

    • Map
    • Local Demand
    City
    Falmouth
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.6702
    Latitude
    41.5241

    Nearby Similar for Sale

    • $5,250,000
      11,114 SF

      Mixed-Use Investment in Downtown Falmouth

      Prime mixed-use property with retail and residential spaces.
      199 Main Street, Falmouth, MA 02540
      View Details
    • $249,000
      1,401 SF

      Falmouth Office Condo For Sale

      Class A office condo in mixed-use Heritage Place, Falmouth.
      205 Worcester Court, Falmouth, MA 02540
      View Details
    • $2,300,000
      5,760 SF

      Turnkey Rental Investment Opportunity

      Fully furnished 6-bedroom home near Falmouth Heights Beach.
      156 Teaticket Highway, Falmouth, MA 02540
      View Details
    • $3,295,000
      3,744 SF

      Waterfront Retail and Restaurant Opportunity

      Landmark waterfront retail and restaurant property in iconic Cape Cod village.
      87 Water St, Falmouth, MA 02543
      View Details
    • $595,000
      2,947 SF

      Mixed-Use Commercial Building in Falmouth

      Mixed-use building in downtown Falmouth with income potential.
      346 Gifford Street, Falmouth, MA 02540
      View Details
    • $1,100,000
      2,681 SF

      Waterfront Restaurant Opportunity in Woods Hole

      Charming waterfront restaurant property in the heart of Woods Hole.
      56 Water St, Falmouth, MA 02543
      View Details
    • $1,200,000
      3,694 SF

      Medical Condominium with Long-Term Tenant

      Medical condominium for sale with long-term tenant in place.
      33 Edgerton Dr, North Falmouth, MA
      View Details
    • $1,200,000
      3,694 SF

      Medical Condominium Investment Opportunity

      Long-term NNN lease with Cape Cod Healthcare in place.
      39 Edgerton Dr, North Falmouth, MA
      View Details
    • $595,000
      2,947 SF

      Falmouth Mixed-Use Commercial Building

      Mixed-use building in downtown Falmouth with income potential.
      364 Gifford St 1-6, Falmouth, MA 02540
      View Details
    • $1,995,000

      Renovated Multi-Residence Compound in Falmouth

      Fully renovated multi-residence compound with rental history in downtown Falmouth.
      20 Nye Rd, Falmouth, MA 02540
      View Details
    • $1,995,000
      2,525 SF

      Renovated Multi-Residence Compound in Falmouth

      Fully renovated Falmouth multi-residence compound with rental history.
      20 Nye Rd, Falmouth, MA 02540
      View Details
    • $1,995,000
      2,525 SF

      Renovated Falmouth Multi-Residence Compound

      Fully renovated multi-residence compound in downtown Falmouth with rental history.
      20 Nye, Falmouth, MA 02540
      View Details

    FAQs

    What type of property is this?
    Restaurant - Charming waterfront property with a successful restaurant in Woods Hole.
    Where is this restaurant located?
    The property is located at 56 Water St Falmouth, MA.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: Waterfront property overlooking Great Harbor and the Channel.; Located in the heart of the vibrant Woods Hole Community.; Successful and popular full‑service restaurant tenancy for the past 10 years.
    We can help!
    Listing Contact
    Tracey Spellman
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    56 Water St, Falmouth, MA 02543
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!