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    Commercially Zoned Ranch with Residence Title is generated by Realmo AI

    195 Underpass, Brewster, MA 02631

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    For Sale
    $675,000

    Unique opportunity: live and work or convert to full office.

    Property size:
    1,204 SF
    Price / SF:
    $560/SF
    Added:
    Jul 7, 2025
    Days on Market:
    311
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 195 Underpass

    General Information

    Standard status
    Active
    Size
    1,204 SF

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    AMY L HARBECK

    Listing agent AMY L HARBECK License #9554777

    Listing office KINLIN GROVER COMPASS

    Listing date Jul 7, 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 KINLIN GROVER COMPASS

    HighLights

    • Commercially zoned lot on a main road offers business opportunity or office conversion.
    • Three garage bays with storage above and horseshoe driveway provide ample parking.
    • Completely renovated in 2013 with new insulation, doors, windows, plumbing, and electrical.
    • Separate studio suite with full bath, ductless AC/heat, and private exterior access.
    • One‑floor living with laundry on the main floor.
    • Abuts a vacant .34 acre parcel that is also available for sale.

    Overview

    This property features a ranch-style house situated on a 0.41-acre commercially zoned lot, offering visibility on a main road. The property is currently configured as a three-bedroom residence but can be modified for 100% office space and storage. The setting combines business frontage with a private backyard retreat, including a deck and yard. The property includes three garage bays with storage above, and a horseshoe driveway providing ample parking. The house offers one-floor living with main floor laundry. In 2013, the house was completely renovated, including re-insulation, replacement of interior doors, sliders, and most windows, along with new plumbing and electrical systems. The primary bedroom features a private bath with tile floors and a walk-in shower. The third bedroom is a separate studio suite with a full bath, ductless AC/heat, and exterior access from its own deck. The main part of the house has gas hot water heat and hardwood floors, with tile floors in the kitchen. A full basement includes one finished room used as an office. The property abuts a vacant 0.34-acre parcel that is also available for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    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
    Brewster
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.0659
    Latitude
    41.7598

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    FAQs

    What type of property is this?
    Mixed-use property - Unique opportunity: live and work or convert to full office.
    Where is this mixed-use property located?
    The property is located at 195 Underpass Brewster, MA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Commercially zoned lot on a main road offers business opportunity or office conversion.; Three garage bays with storage above and horseshoe driveway provide ample parking.; **Completely renovated in 2013** with new insulation, doors, windows, plumbing, and electrical.
    (508) 364-5845
    We can help!
    Listing Contact
    AMY L HARBECK
    Real Estate License ID: 9554777
    Learn More
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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
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