Dental Office Building with
For Sale
Contact for pricing
274 Barnstable Road, Hyannis, MA 02601
Fully occupied medical office building featuring multiple exam rooms, private offices, and ample onsite parking.
Property Size3,998 SF
Lot Size0.47 Acres
Price / SF$368.93
Days on Market112
Property Features for 274 Barnstable Road
General Information
Standard status
Active
Size
3,998 SF
Lot size
0.47 Acres
Property subtype
Office
Zoning
DMS
Occupancy
100%
Investment Type
Stabilized
Additional Details
Cap Rate
6%
Building Details
Year Built
1985
Year Renovated
2005
Stories
1
Tenancy
Single
Listing Agency:
Commercial Realty Advisors, Inc.
(508) 862-9000
Listed By:
Kevin Pepe
Source:
Crexi
Added: May 8
Changed: Aug 13
Last Checked: Aug 26 at 3:14PM
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 Commercial Realty Advisors, Inc.
Investment Insights
Based on property information with market context.
This fully occupied professional office building is configured as a functional dental office. The first-floor layout includes a large reception and business center, multiple exam rooms, private offices, administrative space, restrooms, and patient waiting areas, designed to support efficient patient flow and day-to-day staff operations. The interior has been well cared for with modernized functionality, and the building provides handicap-accessible access via a ramp to the main entrance.
The property is located along Barnstable Road, described as a major commercial connector between Hyannis Main Street and Route 28. It is positioned within minutes of Cape Cod Hospital, downtown Hyannis, the Hyannis Transportation Center, and Barnstable Municipal Airport.
Exterior amenities include ample onsite parking, supporting convenient access for patients, visitors, and staff.
The property is located along Barnstable Road, described as a major commercial connector between Hyannis Main Street and Route 28. It is positioned within minutes of Cape Cod Hospital, downtown Hyannis, the Hyannis Transportation Center, and Barnstable Municipal Airport.
Exterior amenities include ample onsite parking, supporting convenient access for patients, visitors, and staff.
Key Highlights
- Fully occupied professional office building with a 6% capitalization rate
- Built in 1985 and located on ±0.47 acres along Barnstable Road
- Approximately 3,998 SF first‑floor medical/dental office layout with multiple exam rooms, reception, and administrative offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,054
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,681,080
$1.7M
Cap Rate 7%
$1,200,771
$1.2M
Cap Rate 9%
$933,933
$933.9K
Market Conditions
NOI Build-Up for 3,998 SF
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.
Gross rent
$140.1K $35.04/SF
− Vacancy
−$28.0K −$7.01/SF
EGI
$112.1K $28.03/SF
− OpEx
−$28.0K −$7.01/SF
NOI
$84.1K $21.02/SF
Area
Barnstable County, MA
Vacancy
20.00%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,681,080
Cap Rate 7%
$1,200,771
Cap Rate 9%
$933,933
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,054 @ 7.0% cap · market cap 5.70%
Second Best
Healthcare Medical
$807.4K
$706.5K – $942.0K
NOI $56,521 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,045 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
Under-served
Demand for This Use
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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Similar Off Market Nearby
- Barnstable Animal Hospital — 157 Airport Rd, Hyannis, MA 02601
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully occupied medical office building featuring multiple exam rooms, private offices, and ample onsite parking.
Where is this medical office space located?
The property is located at 274 Barnstable Road Hyannis, MA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Fully occupied professional office building with a 6% capitalization rate; Built in 1985 and located on ±0.47 acres along Barnstable Road; Approximately 3,998 SF first‑floor medical/dental office layout with multiple exam rooms, reception, and administrative offices
