Downtown Hyannis Office
33 Bassett Ln Barnstable Hyannis, MA 02601
33 Bassett Ln Barnstable, Hyannis, MA, 02601
$1,999,000
For Sale
$1,999,000
Recently renovated professional office building with central AC, gas heat, and shared space across multiple floors.
Property Size8,000 SF
Price / SF$249.88
Days on Market44
Property Features for 33 Bassett Ln Barnstable
General Information
- Standard status
- Active
- Size
- 8,000 SF
Building Details
- Year Built
- 1985
Listing Agency
(508) 501-1443
Listed by
Kim Goodby
(508) 501-1443
Source
Milestonerealtyinc
Added: Jun 4 Checked: Jul 17 at 2:44 am
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 Kim Goodby
Investment Insights
Based on property information with market context.
This professional office building offers shared office space configured at approximately 4,000 square feet per floor, along with a full storage basement. The property has been recently renovated and includes central air conditioning and gas heat to support year-round tenant comfort.
The building is positioned in downtown Hyannis, described as being just steps away from Main Street and North Street. It features ample onsite parking and is adjacent to a public parking lot, which can help with day-to-day access for tenants and visitors. The property is zoned HVB (Hyannis Village Business) by the Town of Barnstable.
Designed for business operations that benefit from flexible, shared office layouts, the building can serve tenants seeking a downtown presence within a professionally maintained facility. Individual units are also available for lease, and the overall configuration supports multiple occupants within the same building while keeping storage space on site for tenant needs.
The building is positioned in downtown Hyannis, described as being just steps away from Main Street and North Street. It features ample onsite parking and is adjacent to a public parking lot, which can help with day-to-day access for tenants and visitors. The property is zoned HVB (Hyannis Village Business) by the Town of Barnstable.
Designed for business operations that benefit from flexible, shared office layouts, the building can serve tenants seeking a downtown presence within a professionally maintained facility. Individual units are also available for lease, and the overall configuration supports multiple occupants within the same building while keeping storage space on site for tenant needs.
Key Highlights
- Approximately 8,000 SF professional office building built in 1985
- Shared office space of approximately 4,000 SF per floor with a full storage basement
- Recently renovated building with central AC and gas heat
Local 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 | $280.3k | $35.04 |
| − Vacancy | −$56.1k | −$7.01 |
| EGI | $224.3k | $28.03 |
| − OpEx | −$56.1k | −$7.01 |
| NOI | $168.2k | $21.02 |
8,000 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $168,192 @ 7.0% cap · market cap 8.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $228,204 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Recently renovated professional office building with central AC, gas heat, and shared space across multiple floors.
Where is this office building located?
The property is located at 33 Bassett Ln Barnstable Hyannis, MA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Approximately 8,000 SF professional office building built in 1985; Shared office space of approximately 4,000 SF per floor with a full storage basement; Recently renovated building with central AC and gas heat
