Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    981 Route 28 Yarmouth, MA 02664

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contract
    $499,000

    78-seat restaurant on 0.62 acres in busy area.

    Property size:
    3,739 SF

    Property Features for 981 Route 28

    General Information

    Standard status
    Contract
    Size
    3,739 SF

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Sharon Kingman Dixon
    Source: Corcoran

    Listing Agency: William Raveis Real Estate & Homes Services Listing Agent: Sharon Kingman Dixon

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

    Learn more

    Property Insight Report

    Overview

    Cape Cod Restaurant Opportunity

    A 78-seat restaurant is available for sale, featuring 62 seats in the dining room and 16 at the bar. The septic system is designed to accommodate 112 seats. A sprinkler system is in place. Situated on a 0.62-acre property, the site is zoned B2 commercial and VC4, the Hotel/Motel overlay district, and is located within an Economic Opportunity Zone. This restaurant has been vacant and requires repairs and upgrades. This property presents a potential opportunity in a busy, year-round area of Cape Cod.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Yarmouth
    County
    State
    Massachusetts
    Longitude
    -70.2053088
    Latitude
    41.6562664

    Nearby Similar for Sale

    • $2,300,000
      9,110 SF

      Historic Inn in South Yarmouth

      Turnkey hospitality opportunity in a premier Cape Cod destination.
      308 Old Main St, South Yarmouth, MA 02664
      View Details
    • New
      $805,000
      2,300 SF

      West Yarmouth Duplex with Income

      Well-maintained duplex near amenities, offering immediate income potential.
      22-24 Wildwood Path, West Yarmouth, MA 02673
      View Details
    • New
      $549,000
      912 SF

      South Yarmouth Duplex Opportunity

      Duplex in South Yarmouth with updated systems and appliances.
      9-11 Thatcher Rd, South Yarmouth, MA 02664
      View Details
    • $535,000
      Pending

      Cape Cod Duplex Near Nantucket

      Well-maintained, furnished duplex near beaches, ideal for summer retreat.
      20-22 Lorena Rd, West Yarmouth, MA 02673
      View Details
    • $280,000
      3,278 SF

      Cape Cod Restaurant Opportunity

      Beloved breakfast and lunch destination in South Yarmouth, MA.
      1329 Main St, South Yarmouth, MA 02664
      View Details
    • $1,699,000
      4,414 SF

      Multi-Use Property in Yarmouth Port

      Three-unit property with office spaces and a residential house.
      927-935 Ma-6A, Yarmouth Port, MA 02675
      View Details
    • $729,000
      1,960 SF

      Yarmouth Port Industrial Condo

      Modern 2-bay industrial condo centrally located near major routes.
      24B Easy St, Yarmouth Port, MA 02675
      View Details
    • Contact for pricing
      2,459 SF

      Executive Office Suite For Sale

      Executive office suite in Yarmouth Port, accessible to Cape Cod.
      86 Willow St, Yarmouth Port, MA 02675
      View Details
    • $2,300,000
      9,110 SF

      Historic Cape Cod Inn Opportunity

      Restored inn with 10 guest rooms and owner's quarters.
      308 Old Main St, South Yarmouth, MA 02664
      View Details
    • $499,000
      Pending

      Cape Cod Restaurant Opportunity

      78-seat restaurant on 0.62 acres in busy area.
      981 Route 28, Yarmouth, MA 02664
      View Details
    • Contact for pricing
      1,110 SF

      Office Unit in South Yarmouth

      Well-maintained office unit with great potential in a prime location.
      12 Whites Path, South Yarmouth, MA 02664
      View Details
    • $280,000
      3,278 SF

      Cape Cod Restaurant Opportunity

      Beloved breakfast and lunch destination in Yarmouth, Massachusetts.
      1329 Main St, South Yarmouth, MA 02664
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - 78-seat restaurant on 0.62 acres in busy area.
    Where is this conventional restaurant located?
    The property is located at 981 Route 28 Yarmouth, MA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Located in a busy, year-round area of Cape Cod, offering high potential for consistent business.; - Zoned B2 commercial, VC4 Hotel/Motel overlay district, and in an Economic Opportunity Zone, providing various development and investment advantages.; - Restaurant has **78 seats (62 in dining room, 16 in bar)** with septic capacity for **112 seats**, allowing for potential expansion.
    (508) 280-3443
    Request Owner's contact information
    981 Route 28 Yarmouth, MA 02664
    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.
    981 Route 28
    Yarmouth, MA 02664
    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
    981 Route 28 Yarmouth, MA 02664
    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

    We can help!
    Listing Contact
    Sharon Kingman Dixon
    Real Estate License ID: MA 9518180
    (508) 280-3443 (774) 994-8082 (508) 240-0334
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!