Building Details

Year Built 1880

Units 1

Listing Agency: Kinlin Grover Compass

Listed By: Nat Santoro · License #141467 Show Phone

Source: Crexi

Added: Jan 19, 2025 Changed: Oct 2 Last Checked: Oct 12 at 6:37PM

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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 Kinlin Grover Compass

Investment Insights

Based on property information with market context.

This mixed-use property contains 2,493 square feet across two levels, including nearly 1,600 square feet of commercial space and a nearly 900-square-foot apartment on the second floor. The residential component can serve as an owner’s living space or be used as a rental.

Located at 515 Route 28 in Harwich Port, Massachusetts, the property includes on-site parking and was built in 1880. Its combination of commercial and residential areas supports a range of personal-use or income-producing configurations.

Key Highlights

• 2,493‑square‑foot mixed‑use property
• Nearly 1,600 square feet of commercial space
• Nearly 900‑square‑foot apartment on the second level

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,201

Cap Rate

3.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,024,020 $1.0M

Cap Rate 7%

$731,443 $731.4K

Cap Rate 9%

$568,900 $568.9K

Market Conditions

NOI Build-Up for 2,493 SF

Gross rent

$74.8K $30.00/SF

− Vacancy

−$1.6K −$0.66/SF

EGI

$73.1K $29.34/SF

− OpEx

−$21.9K −$8.80/SF

NOI

$51.2K $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%

$1,024,020

Cap Rate 7%

$731,443

Cap Rate 9%

$568,900

Alternative Uses

Best Use

Retail

$731.4K

$640.0K – $853.4K (±1% cap)

NOI $51,201 @ 7.0% cap · market cap 3.31%

Second Best

Apartment 5plus

$713.6K

$624.4K – $832.6K (±1% cap)

NOI $49,955 @ 7.0% cap · market cap 3.22%

Theoretical Best

Office A

$1.02M

$888.9K – $1.19M (±1% cap)

NOI $71,114 @ 7.0% cap · market cap 4.59%

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

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm HVAC Service Hair Salon (Bike/Boat/Book/etc) Store Skin Care Clinic Daycare Center

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

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

312

Businesses Nearby

12k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Cumberland Farms Shops & Services

9,300 visits/mo 0.2 miles

TD Bank Shops & Services

2,549 visits/mo 0.4 miles

Demographics for 02646, MA

1,926

Population

2,519

Households

0.8

Avg Household Size

63

Median Age

65%

College-Educated

100%

High-School Grad

2.9 sq mi

ZIP Area

664

Density / Sq Mi

$74,276

Median Household Income

$59,737

Median Earnings

$1,964

Median Rent

$723,600

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-level property combines commercial space with an upper-floor apartment and on-site parking.

Where is this mixed-use property located?

The property is located at 515 Route 28 Harwich Port, MA.

What is the asking price?

The asking price for this property is $1,549,000.

What are key features of this property?

This property features: 2,493‑square‑foot mixed‑use property; Nearly 1,600 square feet of commercial space; Nearly 900‑square‑foot apartment on the second level