Multi-Suite Storefront
New
For Sale
$995,000
28 Barnstable Road, Hyannis, MA 02601
Street-level space includes an operating beauty-services spa alongside a separate shell ready for tenant buildout.
Property Size4,323 SF
Lot Size0.27 Acres
Days on Market7
Property Features for 28 Barnstable Road
General Information
Standard status
Active
Size
4,323 SF
Lot size
0.27 Acres
Property subtype
Commercial
Zoning
DMS
Property Condition
Severity
Major Repairs Needed
Evidence
gutted down to the studs
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,711
Building Details
Building Size
4,323 SF
Year Built
1890
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Classic Cape Real Estate, LLC
Listed By:
Ken Hager
(508) 737-9974
Source:
Link.flexmls
Added: Sep 29
Last Checked: Oct 4 at 6:10AM
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 Classic Cape Real Estate, LLC
Investment Insights
Based on property information with market context.
This storefront property has two street-level commercial units and a second-floor space. One ground-floor unit is occupied by a beauty-services spa with a completed interior renovation. The other street-level unit and the upper floor have been stripped to the framing and await commercial buildout. Conceptual architectural and engineering plans for three apartments are available as an alternative conversion concept; any proposed use should be verified. The property is served by town water and sewer and sits on a 0.27-acre lot zoned DMS.
The building is at 28 Barnstable Road in Hyannis, one block from Main Street, with visibility from North Street. It was built in 1890.
The building is at 28 Barnstable Road in Hyannis, one block from Main Street, with visibility from North Street. It was built in 1890.
Key Highlights
- Two street‑level commercial units plus a second‑floor space
- Operating beauty‑services spa in one ground‑floor unit
- Second street‑level unit and upper floor are gutted and ready for commercial buildout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,786
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,775,720
$1.8M
Cap Rate 7%
$1,268,371
$1.3M
Cap Rate 9%
$986,511
$986.5K
Market Conditions
NOI Build-Up for 4,323 SF
Gross rent
$129.7K $30.00/SF
− Vacancy
−$2.9K −$0.66/SF
EGI
$126.8K $29.34/SF
− OpEx
−$38.1K −$8.80/SF
NOI
$88.8K $20.54/SF
Area
Barnstable County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,775,720
Cap Rate 7%
$1,268,371
Cap Rate 9%
$986,511
Alternative Uses
Best Use
Retail
$1.27M
$1.11M – $1.48M
NOI $88,786 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,315 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
319k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 26%
Groceries 14%
Apparel 14%
Trader Joe's
Groceries
46,099 visits/mo
0.3 miles
BJ's Gas
Shops & Services
24,971 visits/mo
0.3 miles
Wendy's
Dining
23,709 visits/mo
0.3 miles
Old Navy
Apparel
21,907 visits/mo
0.5 miles
T.J. Maxx
Apparel
21,664 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Angie's Florists — 350 Mitchells Way, Hyannis, MA 02601
Frequently Asked Questions
What type of property is this?
Storefront property - Street-level space includes an operating beauty-services spa alongside a separate shell ready for tenant buildout.
Where is this storefront property located?
The property is located at 28 Barnstable Road Hyannis, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two street‑level commercial units plus a second‑floor space; Operating beauty‑services spa in one ground‑floor unit; Second street‑level unit and upper floor are gutted and ready for commercial buildout
