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    Corner Retail Landmark Title is generated by Realmo AI

    340 North Street, Hyannis, MA 02601

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    For Sale
    $1,500,000

    COMMERCIAL - Hyannis, MA

    Property size:
    3,296 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $455/SF
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 340 North Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Off Street, Parking Lot
    Appliances
    Water Heater
    Standard status
    Active
    APN
    HYAN M:308 L:009
    Size
    3,296 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    8095

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    2
    Flooring type
    Vinyl, Carpet, Laminate
    Building materials
    Clapboard
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Nik J Atsalis
    Nik J Atsalis

    Listing agent Nik J Atsalis

    Listing office Premier Commercial 1645 Falmouth Road, Building G, Centerville, MA

    Listing date Jun 2, 2026

    MLS# 22602664

    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.

    HighLights

    • Commercial property built in 1975 with clapboard construction and an asphalt roof
    • Heating: forced air natural gas; cooling: central air
    • Public water with septic tank sewer service
    • Flooring includes vinyl, carpet, and laminate; appliances include a water heater
    • Off‑street parking and parking lot included
    • Includes three long‑term businesses: Mr. Perry's Tux Shop, Mr. Perry's Hairstyling, and La Chez Patrice Beauty Salon

    Overview

    This for-sale retail property is located on a high-exposure corner lot and is offered as a commercial landmark opportunity. The building contains three established businesses: Mr. Perry's Tux Shop, Mr. Perry's Hairstyling, and La Chez Patrice Beauty Salon. The offering includes the real estate along with the ongoing operations of these long-term, locally known tenants.

    The asset sits on a prominent, high-traffic corridor and is positioned for strong visibility. It also provides ample parking and supports maximum signage potential, making it well-suited to serve both year-round customers and seasonal visitors. The property is described as being within easy walking distance of Downtown Hyannis and Main Street.

    From an ownership standpoint, the combination of retail space and three operating businesses can appeal to buyers looking for an immediately functional setup. For other buyers, the same corner configuration and visibility attributes provide a straightforward foundation for a variety of retail or personal services concepts, with the option to continue the existing uses or reposition the site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bee & Blossom — 675 Main St, Hyannis, MA 02601
    • Angie's Florists — 350 Mitchells Way, Hyannis, MA 02601

    Location Insight

    • Map
    • Local Demand
    City
    Hyannis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.2924
    Latitude
    41.6607

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    FAQs

    What type of property is this?
    Storefront property - For-sale retail property on a high-exposure corner lot, offered with three long-standing neighborhood businesses.
    Where is this storefront property located?
    The property is located at 340 North Street Hyannis, MA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Commercial property built in 1975 with clapboard construction and an asphalt roof; Heating: forced air natural gas; cooling: central air; Public water with septic tank sewer service
    (508) 360-8996
    We can help!
    Listing Contact
    Nik J Atsalis
    Nik J Atsalis
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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