Historic Retail
For Sale
Contact for pricing
316 Route 28, Yarmouth, MA 02673
B3-zoned space occupies the north side of a historic building with shared parking.
Property Size3,360 SF
Price / SF$0.01
Days on Market52
Property Features for 316 Route 28
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Commercial
Zoning
B3
Taxes and HOA fees
Annual Taxes
$9,614
Building Details
Building Size
3,360 SF
Year Built
1930
Listing Agency:
Commercial Realty Advisors, Inc.
Listed By:
Kevin A. Pepe
(508) 862-9000
Source:
Churchillprop
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 14 at 8:10PM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space at 316 Route 28 provides approximately 3,360 square feet within a building constructed in 1930. The premises are positioned on the north side of the structure and were formerly used as a shoe store. B3 zoning applies to the property.
The building is visible from Route 28 in West Yarmouth, Massachusetts. Shared parking is available with Cape Abilities Thrift Store, providing on-site parking for the property.
The building is visible from Route 28 in West Yarmouth, Massachusetts. Shared parking is available with Cape Abilities Thrift Store, providing on-site parking for the property.
Key Highlights
- Approximately 3,360 square feet of retail space
- B3 zoning
- Constructed in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,008
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,380,160
$1.4M
Cap Rate 7%
$985,829
$985.8K
Cap Rate 9%
$766,756
$766.8K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$100.8K $30.00/SF
− Vacancy
−$2.2K −$0.66/SF
EGI
$98.6K $29.34/SF
− OpEx
−$29.6K −$8.80/SF
NOI
$69.0K $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%
$1,380,160
Cap Rate 7%
$985,829
Cap Rate 9%
$766,756
Alternative Uses
Best Use
Retail
$985.8K
$862.6K – $1.15M
NOI $69,008 @ 7.0% cap · market cap 405,929.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,845 @ 7.0% cap · market cap 563,794.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
25k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
Ninety Nine Restaurants
Dining
7,969 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,656 visits/mo
0.5 miles
Dollar General
Shops & Services
6,091 visits/mo
0.4 miles
Shell
Shops & Services
2,780 visits/mo
0.3 miles
7-Eleven
Shops & Services
1,493 visits/mo
0.4 miles
Demographics for 02673, MA
8,892
Population
6,596
Households
1.3
Avg Household Size
50
Median Age
34%
College-Educated
93%
High-School Grad
9.3 sq mi
ZIP Area
956
Density / Sq Mi
$73,846
Median Household Income
$42,439
Median Earnings
$1,502
Median Rent
$445,100
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
Frequently Asked Questions
What type of property is this?
Retail space - B3-zoned space occupies the north side of a historic building with shared parking.
Where is this retail space located?
The property is located at 316 Route 28 Yarmouth, MA.
What are key features of this property?
This property features: Approximately 3,360 square feet of retail space; B3 zoning; Constructed in 1930
