Historic Hyannis Main Street
For Sale
$549,000
615 Main St 13, Hyannis, MA 02601
Prime 2,200 SF space in bustling Hyannis, Cape Cod.
Property Size2,200 SF
Price / SF$249.55
Days on Market109
Property Features for 615 Main St 13
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Commercial
Building Details
Year Built
1930
Listing Agency:
Premier Commercial
(508) 958-6927
Listed By:
Michael Valentine
(508) 958-6927
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 9 at 8:44AM
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.
Located on historic Main Street in Hyannis, Cape Cod, this 2,200 square foot space is suitable for a restaurant, convenience or retail store, or an office. Formerly the Harley Davidson of Cape Cod, the location benefits from consistent car and foot traffic throughout the year. Situated at the corner of Main Street and Sea Street, it is within walking distance of Nantucket Sound beaches and the Melody Tent. The property is located in the heart of the Hyannis Main Street Business Improvement District (BID), which focuses on maintaining a clean, safe, and engaging environment for both locals and visitors. The BID also actively promotes community and economic development within the Main Street Hyannis District. The location is near Main Street attractions, Cape Cod Hospital, ferry services to the islands, Barnstable Municipal Airport, and banks. The property has a walk score of 94, indicating it is a Walker's Paradise, a bike score of 59, indicating it is Bikeable, and a transit score of 38, indicating there is some transit available.
Key Highlights
- Prime location on historic Main Street in Hyannis, Cape Cod, with high car and foot traffic.
- Versatile 2,200 sq ft space suitable for restaurant, retail, or office use.
- Within walking distance to Nantucket Sound beaches and the Melody Tent.
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
$45,184
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
8.23%
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%
$903,680
$903.7K
Cap Rate 7%
$645,486
$645.5K
Cap Rate 9%
$502,044
$502.0K
Market Conditions
NOI Build-Up for 2,200 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
$66.0K $30.00/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$64.5K $29.34/SF
− OpEx
−$19.4K −$8.80/SF
NOI
$45.2K $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 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%
$903,680
Cap Rate 7%
$645,486
Cap Rate 9%
$502,044
Alternative Uses
Best Use
Retail
$645.5K
$564.8K – $753.1K
NOI $45,184 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$896.5K
$784.5K – $1.05M
NOI $62,756 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
319k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 26%
Groceries 14%
Apparel 14%
Trader Joe's
Groceries
46,099 visits/mo
0.3 miles
BJ's Gas
Shops & Services
24,971 visits/mo
0.3 miles
Wendy's
Dining
23,709 visits/mo
0.3 miles
Old Navy
Apparel
21,907 visits/mo
0.5 miles
T.J. Maxx
Apparel
21,664 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime 2,200 SF space in bustling Hyannis, Cape Cod.
Where is this retail space located?
The property is located at 615 Main St 13 Hyannis, MA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Prime location on historic Main Street in Hyannis, Cape Cod, with high car and foot traffic.; Versatile 2,200 sq ft space suitable for restaurant, retail, or office use.; Within walking distance to Nantucket Sound beaches and the Melody Tent.
