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    Historic Hyannis Main Street Space Title is generated by Realmo AI

    615 Main Street, Hyannis, MA 02601

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    For Sale
    $549,000

    COMMERCIAL - Hyannis, MA

    Property size:
    2,228 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $246/SF
    Added:
    Mar 10, 2025
    Days on Market:
    434
    Last Refresh:
    May 17 at 5:06 pm

    Property Features for 615 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Appliances
    Water Heater
    Standard status
    Active
    Size
    2,228 SF
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6118

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Flooring type
    Carpet, Laminate
    Building materials
    Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    Mike Valentine

    Listing agent Mike Valentine

    Listing office Premier Commercial 1645 Falmouth Road, Building G, Centerville, MA

    Listing date Mar 10, 2025

    MLS# 22500907

    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.

    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.
    • Located in the Hyannis Main Street Business Improvement District (BID), benefiting from active community and economic development.
    • Walking distance to Nantucket Sound beaches and the Melody Tent.
    • Close proximity to Main Street attractions, Cape Cod Hospital, and ferry service to the islands.
    • Central Air Conditioning.

    Overview

    This 2,200 square foot commercial space is located on historic Main Street in Hyannis, Massachusetts, offering an opportunity for either lease or purchase. The property 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 tourists. The BID also actively supports 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, and Barnstable Municipal Airport. The lot size is 0.54 acres.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $520.5K
    NOI $46,841 @ 9.00% cap · cautious / downside scenario
    Moderate
    $669.2K
    NOI $46,841 @ 7.00% cap · market / base-case scenario
    Aggressive
    $936.8K
    NOI $46,841 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $78.1k $35.04
    − Vacancy −$15.6k −$7.01
    EGI $62.5k $28.03
    − OpEx −$15.6k −$7.01
    NOI $46.8k $21.02
    2,228 SF · lease $35.04/SF/yr · vacancy 20.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $669.2K
    $585.5K – $780.7K (±1% cap)
    NOI $46,841 @ 7.0% cap · market cap 8.53%
    Second Best
    Retail
    $653.7K
    $572.0K – $762.7K (±1% cap)
    NOI $45,759 @ 7.0% cap · market cap 8.33%
    Theoretical Best
    Office A
    $907.9K
    $794.4K – $1.06M (±1% cap)
    NOI $63,555 @ 7.0% cap · market cap 11.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hyannis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.3831242
    Latitude
    41.7132221

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    FAQs

    What type of property is this?
    Retail space - Prime commercial space for sale or lease in Hyannis, MA.
    Where is this retail space located?
    The property is located at 615 Main Street 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.; Located in the Hyannis Main Street Business Improvement District (BID), benefiting from active community and economic development.
    (508) 958-6927
    We can help!
    Listing Contact
    Mike Valentine
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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