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    118 Thornton Dr Hyannis, MA 02601

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    9,572 sq ft commercial/industrial warehouse with rare uses.

    Property size:
    9,572 SF
    Lot size:
    0.45 Acres

    Property Features for 118 Thornton Dr

    General Information

    Standard status
    Active
    Size
    9,572 SF
    Lot size
    0.45 Acres

    Building Details

    Year built
    1973

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    Listing Contact
    Cliff Carroll
    Source: Exitrealty

    Listing Agency: The Carroll Company Listing Agent: Cliff Carroll

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

    Learn more

    Overview

    Hyannis Warehouse with Auto Shop

    This 9,572 sq ft commercial/industrial/warehouse property is located in the Hyannis Industrial District on a 0.45-acre lot. The property features significant parking and a secured storage lot. For over 30 years, this property has operated as an auto body and full mechanical repair shop, in addition to auto and marine-related sales and parts. The shop is fully equipped with multiple lifts, a complete Hunter alignment and wheel balancing area, a professional heated spray booth large enough to accommodate full-size commercial vehicles. The entire building has ceiling-mounted radiant heat throughout. Recent updates include roofing, siding, painting, and new overhead doors. There are full-service areas, a spray booth facility, a separate finishing and display showroom, a waiting area, and an office area. Outside, there is a newly paved parking lot with new drainage and a large secure fenced-in parking area, and town sewer. The underlying industrial/commercial/light manufacturing zoning, combined with the multiple existing uses, make this a rare opportunity.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Similar Places Nearby

    Toyota Service Center, Hyannis Honda Body Shop, DROP SHOP Customz, Amaral Automotive, Jiffy Lube

    Location Insight

    • Map
    • Local Demand
    City
    Hyannis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.297736
    Latitude
    41.6825074

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    FAQs

    What type of property is this?
    Auto shop - 9,572 sq ft commercial/industrial warehouse with rare uses.
    Where is this auto shop located?
    The property is located at 118 Thornton Dr Hyannis, MA.
    What are key features of this property?
    This property features: - Rare 9,572 sq ft commercial/industrial/warehouse property in Hyannis Industrial District with very rare uses.; - Fully equipped auto body and mechanical repair shop with multiple lifts, Hunter alignment/wheel balancing, and a professional heated spray booth for commercial vehicles.; - Large .45 acre lot with significant parking and a secured storage lot.
    (508) 771-2000
    Request Owner's contact information
    118 Thornton Dr Hyannis, MA 02601
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    Hyannis, MA 02601
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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
    118 Thornton Dr Hyannis, MA 02601
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    Listing Contact
    Cliff Carroll
    Real Estate License ID: 9508883
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