Turnkey Restaurant with Outdoor
For Sale
$1,450,000
406 Route 6a, Sandwich, MA 02537
Restaurant property with indoor seating and an outdoor patio, supported by on-site parking for year-round service.
Property Size3,250 SF
Lot Size1.50 Acres
Price / SF$446.15
Days on Market95
Property Features for 406 Route 6a
General Information
Standard status
Active
Size
3,250 SF
Lot size
1.50 Acres
Property subtype
Commercial
Zoning
3260
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,500
Building Details
Building Size
3,250 SF
Year Built
1990
Listing Agency:
Herion Karbunara
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 3
Changed: Sep 4
Last Checked: Sep 5 at 5:28AM
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 Herion Karbunara
Investment Insights
Based on property information with market context.
This for-sale restaurant offering includes the real estate along with goodwill and furniture, fixtures, and equipment. The 3,250-square-foot establishment is built with Cape Cod character and features hand-crafted woodworking throughout. The dining room provides seating for 42 and opens to an outdoor patio with room for 30 additional guests.
The property is located along historic Route 6A in Sandwich, MA, and sits on 1.5 acres. The spacious lot is designed to support ample on-site parking for day-to-day operations and seasonal periods when demand may increase.
For operators and buyers looking for a restaurant they can run from day one, the combination of defined dining capacity, an outdoor patio for weather-permitting service, and on-site parking can help support both steady operations and busy seasonal traffic. The sale is shown by appointment only.
The property is located along historic Route 6A in Sandwich, MA, and sits on 1.5 acres. The spacious lot is designed to support ample on-site parking for day-to-day operations and seasonal periods when demand may increase.
For operators and buyers looking for a restaurant they can run from day one, the combination of defined dining capacity, an outdoor patio for weather-permitting service, and on-site parking can help support both steady operations and busy seasonal traffic. The sale is shown by appointment only.
Key Highlights
- 3,250 SF restaurant on 1.5 acres along historic Route 6A in Sandwich (includes real estate and business goodwill).
- Indoor dining room seats 42 and opens to an outdoor patio with room for 30 more.
- On‑site parking supports year‑round or high‑volume seasonal operations.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,123
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,002,460
$1.0M
Cap Rate 7%
$716,043
$716.0K
Cap Rate 9%
$556,922
$556.9K
Market Conditions
NOI Build-Up for 3,250 SF
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.
Gross rent
$70.2K $21.60/SF
− Vacancy
−$3.4K −$1.04/SF
EGI
$66.8K $20.56/SF
− OpEx
−$16.7K −$5.14/SF
NOI
$50.1K $15.42/SF
Area
Barnstable County, MA
Vacancy
4.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,002,460
Cap Rate 7%
$716,043
Cap Rate 9%
$556,922
Alternative Uses
Best Use
Specialty Retail
$716.0K
$626.5K – $835.4K
NOI $50,123 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,708 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02537, MA
6,178
Population
3,280
Households
1.9
Avg Household Size
50
Median Age
52%
College-Educated
99%
High-School Grad
13.7 sq mi
ZIP Area
451
Density / Sq Mi
$131,150
Median Household Income
$57,167
Median Earnings
$1,328
Median Rent
$617,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with indoor seating and an outdoor patio, supported by on-site parking for year-round service.
Where is this conventional restaurant located?
The property is located at 406 Route 6a Sandwich, MA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3,250 SF restaurant on 1.5 acres along historic Route 6A in Sandwich (includes real estate and business goodwill).; Indoor dining room seats 42 and opens to an outdoor patio with room for 30 more.; On‑site parking supports year‑round or high‑volume seasonal operations.
