Convenience Store
For Sale
$499,000
Pending
628 Craigville Beach Road, Centerville, MA 02632
Commercial Sale, Centerville, MA
Property Size1,736 SF
Lot Size0.20 Acres
Days on Market193
Property Features for 628 Craigville Beach Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RB
Parking features
Parking Lot, Off Street
Basement
Dirt Floor
Appliances
Water Heater
Elementary school district
Barnstable
Middle school district
Barnstable
High school district
Barnstable
Directions
Main Street, South Main Street or Strawberry Hill Road to Craigville Beach Road. Next to Craigville Sub, Pizza and Mexican.
Subdivision
Barnstable
Standard status
Pending
APN
CENT M:246 L:028
Size
1,736 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2104
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Number of units
1
Flooring type
Wood
Building materials
Wood Siding, Wood Frame, Shingle Siding
Roof type
Asphalt
Listing Agency:
Premier Commercial
(508) 815-5700
Listed By:
Nik J Atsalis
(508) 360-8996
Added: Mar 17
Changed: Sep 12
Last Checked: Sep 25 at 11:06PM
MLS# 22600797
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 1,736-square-foot convenience store property was built in 1910 and features wood-frame construction with wood and shingle siding. Interior finishes include wood flooring, while heating is provided by a natural-gas forced-air system. The building also has an asphalt roof and a water heater.
The property includes a 0.2-acre lot with off-street parking in a dedicated parking lot. It is positioned on Craigville Beach Road in Centerville Village, near Craigville Beach, Covell's Beach, and other Cape Cod shorelines. Public water service is in place, supporting the existing commercial improvements.
The property includes a 0.2-acre lot with off-street parking in a dedicated parking lot. It is positioned on Craigville Beach Road in Centerville Village, near Craigville Beach, Covell's Beach, and other Cape Cod shorelines. Public water service is in place, supporting the existing commercial improvements.
Key Highlights
- 1,736‑square‑foot convenience store property on a 0.2‑acre lot
- Built in 1910 with wood‑frame construction and wood or shingle siding
- Dedicated off‑street parking lot
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
$35,654
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
7.15%
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%
$713,080
$713.1K
Cap Rate 7%
$509,343
$509.3K
Cap Rate 9%
$396,156
$396.2K
Market Conditions
NOI Build-Up for 1,736 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
$52.1K $30.00/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$50.9K $29.34/SF
− OpEx
−$15.3K −$8.80/SF
NOI
$35.7K $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%
$713,080
Cap Rate 7%
$509,343
Cap Rate 9%
$396,156
Alternative Uses
Best Use
Retail
$509.3K
$445.7K – $594.2K
NOI $35,654 @ 7.0% cap · market cap 7.15%
Second Best
Specialty Retail
$382.5K
$334.7K – $446.2K
NOI $26,773 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$707.4K
$619.0K – $825.3K
NOI $49,520 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 02632, MA
11,475
Population
6,363
Households
1.8
Avg Household Size
52
Median Age
46%
College-Educated
96%
High-School Grad
7.5 sq mi
ZIP Area
1,530
Density / Sq Mi
$121,295
Median Household Income
$51,831
Median Earnings
$2,191
Median Rent
$542,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established commercial building with dedicated parking and public water service.
Where is this grocery and convenience store located?
The property is located at 628 Craigville Beach Road Centerville, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,736‑square‑foot convenience store property on a 0.2‑acre lot; Built in 1910 with wood‑frame construction and wood or shingle siding; Dedicated off‑street parking lot
