Renovated Mixed-Use
New
For Sale
$1,199,000
574 Main Street, Hyannis, MA 02601
Commercial Sale, Hyannis, MA
Property Size4,032 SF
Lot Size0.14 Acres
Price / SF$297.37
Days on Market4
Property Features for 574 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
DMS
Appliances
Water Heater
Elementary school district
Barnstable
Middle school district
Barnstable
High school district
Barnstable
Subdivision
Barnstable
Standard status
Active
APN
HYAN M:0308 B:0277 L:0000
Size
4,032 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1046
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Flooring type
Vinyl
Roof type
Composition
Listing Agency:
Commercial Realty Advisors, Inc.
(508) 862-9000
Listed By:
Kevin Pepe
(508) 962-5022
Added: Sep 11
Last Checked: Sep 14 at 8:06AM
MLS# 22604581
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.
Investment Insights
Based on property information with market context.
This fully renovated mixed-use property combines commercial and residential components within an approximately 4,032 SF building. The ground level provides 3,040+/- SF of commercial space, while the upper floor contains a 992+/- SF two-bedroom apartment.
The property occupies a 0.14-acre lot directly on Main Street in downtown Hyannis. Built in 1950, the building has central air, natural-gas forced-air heating, vinyl flooring, a composition roof, public water, and public sewer.
The property occupies a 0.14-acre lot directly on Main Street in downtown Hyannis. Built in 1950, the building has central air, natural-gas forced-air heating, vinyl flooring, a composition roof, public water, and public sewer.
Key Highlights
- Approximately 4,032 SF mixed‑use building
- 3,040+/- SF of ground‑floor commercial space
- 992+/- SF upstairs two‑bedroom apartment
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
$82,809
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
6.91%
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%
$1,656,180
$1.7M
Cap Rate 7%
$1,182,986
$1.2M
Cap Rate 9%
$920,100
$920.1K
Market Conditions
NOI Build-Up for 4,032 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
$121.0K $30.00/SF
− Vacancy
−$2.7K −$0.66/SF
EGI
$118.3K $29.34/SF
− OpEx
−$35.5K −$8.80/SF
NOI
$82.8K $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 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%
$1,656,180
Cap Rate 7%
$1,182,986
Cap Rate 9%
$920,100
Alternative Uses
Best Use
Retail
$1.18M
$1.04M – $1.38M
NOI $82,809 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,794 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,015 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,494
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 21%
Apparel 5%
McDonald's
Dining
15,813 visits/mo
0.2 miles
Burger King
Dining
7,526 visits/mo
0.2 miles
Santander Bank
Shops & Services
3,376 visits/mo
0.1 miles
Balise Ford
Shops & Services
2,850 visits/mo
0.3 miles
SUBWAY
Dining
2,613 visits/mo
0.4 miles
Demographics for 02601, MA
16,487
Population
9,077
Households
1.8
Avg Household Size
43
Median Age
28%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
1,874
Density / Sq Mi
$62,989
Median Household Income
$36,183
Median Earnings
$1,629
Median Rent
$408,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with a two-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 574 Main Street Hyannis, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Approximately 4,032 SF mixed‑use building; 3,040+/- SF of ground‑floor commercial space; 992+/- SF upstairs two‑bedroom apartment
