Sushi Restaurant with Full-Service
For Sale
$215,999
56 Main Street Unit A&B, Orleans, MA 02653
Established restaurant operation with dining, bar, kitchen, preparation, and storage areas in place.
Property Size1,100 SF
Price / SF$196.36
Days on Market57
Property Features for 56 Main Street Unit A&B
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Restaurant
Additional Details
Business Included
Yes
Seating Capacity
40
Building Details
Building Size
1,100 SF
Year Built
1987
Listing Agency:
Premier Commercial
Listed By:
Paige Mansfield · License #9576043
(774) 216-1184
Source:
Paulgrover
Added: Jul 15
Changed: Sep 8
Last Checked: Sep 8 at 9:22AM
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 Premier Commercial
Investment Insights
Based on property information with market context.
Ten Yen is an operating sushi restaurant with an open dining layout, a full-service bar, and integrated guest seating. The premises include a commercial kitchen, a separate food-preparation area, and on-site storage. The dining room is arranged for 20 guests, while the facility is licensed for seating up to 40.
Located at 56 Main Street A&B in Orleans, Massachusetts, the property includes access to public parking. The building was constructed in 1987 and is configured for continued restaurant use, with the primary operational areas already established.
Located at 56 Main Street A&B in Orleans, Massachusetts, the property includes access to public parking. The building was constructed in 1987 and is configured for continued restaurant use, with the primary operational areas already established.
Key Highlights
- Open dining room arranged for 20 guests
- Licensed seating capacity of 40 guests
- Full‑service bar with integrated seating
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
$16,965
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
7.85%
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%
$339,300
$339.3K
Cap Rate 7%
$242,357
$242.4K
Cap Rate 9%
$188,500
$188.5K
Market Conditions
NOI Build-Up for 1,100 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
$23.8K $21.60/SF
− Vacancy
−$1.1K −$1.04/SF
EGI
$22.6K $20.56/SF
− OpEx
−$5.7K −$5.14/SF
NOI
$17.0K $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%
$339,300
Cap Rate 7%
$242,357
Cap Rate 9%
$188,500
Alternative Uses
Best Use
Specialty Retail
$242.4K
$212.1K – $282.8K
NOI $16,965 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$448.3K
$392.2K – $523.0K
NOI $31,378 @ 7.0% cap · market cap 14.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
62k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Office Supplies 19%
Dining 16%
Home Improvements & Furnishings 14%
Staples
Office Supplies
11,908 visits/mo
0.3 miles
Mobil
Shops & Services
8,496 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,342 visits/mo
0.3 miles
Baskin's Ace Hardware
Home Improvements & Furnishings
6,922 visits/mo
0.3 miles
Cumberland Farms
Shops & Services
6,253 visits/mo
0.2 miles
Demographics for 02653, MA
6,307
Population
5,685
Households
1.1
Avg Household Size
63
Median Age
59%
College-Educated
99%
High-School Grad
12.1 sq mi
ZIP Area
521
Density / Sq Mi
$98,798
Median Household Income
$45,853
Median Earnings
$1,181
Median Rent
$816,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant operation with dining, bar, kitchen, preparation, and storage areas in place.
Where is this conventional restaurant located?
The property is located at 56 Main Street Unit A&B Orleans, MA.
What is the asking price?
The asking price for this property is $215,999.
What are key features of this property?
This property features: Open dining room arranged for 20 guests; Licensed seating capacity of 40 guests; Full‑service bar with integrated seating
