Fully Leased Professional Office
For Sale
$775,000
243 South Street, Hyannis, MA 02601
COMMERCIAL - Hyannis, MA
Property Size2,766 SF
Lot Size0.53 Acres
Price / SF$280.19
Days on Market317
Property Features for 243 South Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
SF
Basement
Full, Walk-Out Access
Appliances
Water Heater
Elementary school district
Barnstable
Middle school district
Barnstable
High school district
Barnstable
Directions
Please utilize GPS for most accurate directions from your location
Subdivision
Barnstable
Standard status
Active
APN
326-005
Size
2,766 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4678
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Flooring type
Hardwood, Carpet
Building materials
Frame
Roof type
Shingle
Listing Agency:
Commercial Realty Advisors, Inc.
(508) 862-9000
Listed By:
Kevin Pepe
(508) 862-9000
Added: Sep 19, 2025
Changed: Aug 1
Last Checked: Aug 1 at 11:06AM
MLS# 22504684
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied professional office building is anchored by a popular FM radio station with extensive IT infrastructure. The property is approximately 2,766 SF on a 0.53-acre parcel, served by public water and public sewer. Interior finishes include hardwood and carpet, with heating provided by natural gas forced air and cooling via central air. The roof is shingle, and the building is frame construction.
Originally built in 1910 and effectively updated in 1984, the building is located in Hyannis Downtown (DN) zoning. With the tenant’s long-standing presence, the property is positioned as an income-producing, low-management commercial office investment.
Operationally, the FM broadcast use is supported by specialized infrastructure already in place, and the asset is characterized by a 7.5% capitalization rate as stated in the marketing materials.
Originally built in 1910 and effectively updated in 1984, the building is located in Hyannis Downtown (DN) zoning. With the tenant’s long-standing presence, the property is positioned as an income-producing, low-management commercial office investment.
Operationally, the FM broadcast use is supported by specialized infrastructure already in place, and the asset is characterized by a 7.5% capitalization rate as stated in the marketing materials.
Key Highlights
- Fully occupied professional office building anchored by an FM radio station with extensive IT infrastructure
- 2,766 SF building on a 0.53‑acre parcel
- Hyannis Downtown (DN) zoning
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.9k | $35.04 |
| − Vacancy | −$19.4k | −$7.01 |
| EGI | $77.5k | $28.03 |
| − OpEx | −$19.4k | −$7.01 |
| NOI | $58.2k | $21.02 |
2,766 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$830.7K
$726.9K – $969.2K
NOI $58,152 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$986.3K – $1.32M
NOI $78,901 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,786
Businesses Nearby
Explore this area
Business Placement
Demographics for 02601, MA
16,487
Population
9,077
Households
1.8
Avg Household Size
43
Median Age
28%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
1,874
Density / Sq Mi
$62,989
Median Household Income
$36,183
Median Earnings
$1,629
Median Rent
$408,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Historic professional office building fully occupied by an established FM radio station with extensive IT infrastructure and central HVAC.
Where is this office building located?
The property is located at 243 South Street Hyannis, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Fully occupied professional office building anchored by an FM radio station with extensive IT infrastructure; 2,766 SF building on a 0.53‑acre parcel; Hyannis Downtown (DN) zoning
