Office Condominium with Retail
New
For Sale
$469,000
68 Center Street, Hyannis, MA 02601
Commercial Sale, Hyannis, MA
Property Size2,790 SF
Lot Size2.08 Acres
Price / SF$168.10
Days on Market3
Property Features for 68 Center Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
HVB
Parking features
Parking Lot
Appliances
Water Heater
Elementary school district
Barnstable
Middle school district
Barnstable
High school district
Barnstable
Directions
Main Street or Barnstable Road to 68 Center Street, Hyannis, Cape Cod, MA, USA
Subdivision
Barnstable
Standard status
Active
APN
327 154 00C
Size
2,790 SF
Lot size
2.08 Acres
Additional Details
Property Use
Office/Retail
Condition
Built-Out
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3623
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Flooring type
Carpet, Vinyl
Building materials
Vinyl Siding, Brick
Roof type
Asphalt
Listing Agency:
Premier Commercial
(508) 815-5700
Listed By:
John E Ciluzzi · License #8990
(508) 962-5033
Added: Nov 4
Last Checked: Nov 6 at 11:06AM
MLS# 22605572
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 19 is an office condominium with an office and retail buildout, including private offices, a kitchen, and two ADA restrooms. The building dates to 2007 and has central air conditioning, forced-air natural gas heat, and a paved parking lot. The property is zoned HBV.
Restaurants and shops are within walking distance, and Cape Cod Hospital is approximately half a mile away. Island ferry service is also nearby.
Restaurants and shops are within walking distance, and Cape Cod Hospital is approximately half a mile away. Island ferry service is also nearby.
Key Highlights
- Office and retail buildout in Unit 19
- Two ADA restrooms, private offices, and a kitchen
- HBV zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,921
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,420
$778.4K
Cap Rate 7%
$556,014
$556.0K
Cap Rate 9%
$432,456
$432.5K
Market Conditions
NOI Build-Up for 2,790 SF
Gross rent
$67.0K $24.00/SF
− Vacancy
−$4.7K −$1.68/SF
EGI
$62.3K $22.32/SF
− OpEx
−$23.4K −$8.37/SF
NOI
$38.9K $13.95/SF
Area
Barnstable County, MA
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,420
Cap Rate 7%
$556,014
Cap Rate 9%
$432,456
Alternative Uses
Best Use
Office B
$838.0K
$733.2K – $977.6K
NOI $58,657 @ 7.0% cap · market cap 12.51%
Second Best
Mixed Use
$556.0K
$486.5K – $648.7K
NOI $38,921 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.14M
$994.8K – $1.33M
NOI $79,586 @ 7.0% cap · market cap 16.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,335
Businesses Nearby
Explore this area
Business Placement
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
$408,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Barnstable County, MA
Properties on Market for Office Units in Barnstable County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The suite has private offices, a kitchen, and two ADA restrooms in an HBV-zoned property.
Where is this office unit located?
The property is located at 68 Center Street Hyannis, MA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Office and retail buildout in Unit 19; Two ADA restrooms, private offices, and a kitchen; HBV zoning
