Building Details

Year Built 1920

Buildings 1

Listing Agency: Commercial Realty Advisors, Inc.

Listed By: Kevin A. Pepe Show Phone

Source: Lockandkeyre

Added: Sep 4 Changed: Oct 21 Last Checked: Oct 23 at 9:28AM

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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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Investment Insights

Based on property information with market context.

This restaurant property comprises approximately 3,531 square feet in a building constructed in 1920. The interior includes a vaulted dining room, a distinct bar area, and a commercial kitchen, while a landscaped outdoor patio adds an exterior service and gathering area.

The property is situated at 36-A Hope Ln in Dennis on the 22-acre Cape Cod Center for the Arts campus, near historic Route 6A. The campus includes The Cape Playhouse, Cape Cinema, and the Cape Cod Museum of Art, creating a setting connected to performing, visual, and culinary arts programming and events.

Key Highlights

• Approximately 3,531‑square‑foot restaurant building
• Vaulted dining room with separate bar area
• Commercial kitchen included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,986

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,019,720 $1.0M

Cap Rate 7%

$728,371 $728.4K

Cap Rate 9%

$566,511 $566.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,531 SF

Gross rent

$76.3K $21.60/SF

− Vacancy

−$3.4K −$0.97/SF

EGI

$72.8K $20.63/SF

− OpEx

−$21.9K −$6.19/SF

NOI

$51.0K $14.44/SF

Area

Barnstable County, MA

Vacancy

4.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,019,720

Cap Rate 7%

$728,371

Cap Rate 9%

$566,511

Alternative Uses

Best Use

Specialty Retail

$777.9K

$680.7K – $907.6K (±1% cap)

NOI $54,456 @ 7.0% cap · market cap 990.11%

Second Best

Industrial

$728.4K

$637.3K – $849.8K (±1% cap)

NOI $50,986 @ 7.0% cap · market cap 927.02%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,723 @ 7.0% cap · market cap 1,831.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Auto Repair Shop Building Supply Big Box & Wholesale Store Electrical Service Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

204

Businesses Nearby

3k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

2,937 visits/mo 0.1 miles

Demographics for 02638, MA

2,968

Population

3,043

Households

1

Avg Household Size

64

Median Age

40%

College-Educated

99%

High-School Grad

5.6 sq mi

ZIP Area

530

Density / Sq Mi

$117,619

Median Household Income

$44,702

Median Earnings

$1,689

Median Rent

$714,000

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant property with a vaulted dining room, dedicated bar, commercial kitchen, and landscaped outdoor patio.

Where is this conventional restaurant located?

The property is located at 36-A Hope Ln Dennis, MA.

What are key features of this property?

This property features: Approximately 3,531‑square‑foot restaurant building; Vaulted dining room with separate bar area; Commercial kitchen included