22-Room Hotel
New
For Sale
$1,335,000
76 High St, Wareham, MA 02571
Lodging asset near downtown with access to medical care, shopping, dining, transit, and major highways.
Property Size6,874 SF
Days on Market4
Property Features for 76 High St
General Information
Standard status
Active
Size
6,874 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,471
Building Details
Building Size
6,874 SF
Year Built
1800
Units
22
Listing Agency:
Freedom Realty Group LLC
(508) 292-6954
Listed By:
Gary Gagne Jr. · License #9588828
(508) 292-6954
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 4:58AM
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 Freedom Realty Group LLC
Investment Insights
Based on property information with market context.
This hotel property includes 22 rooms and dates to 1800. The lodging format provides an established hospitality use in a historic building near downtown Wareham.
The property is close to Tobey Hospital, shopping, restaurants, public transportation, and major highways. Located at 76 High St, it offers access to local services and regional commuter routes. WalkScore is 13, indicating a car-dependent setting, while BikeScore is 29, classified as somewhat bikeable.
The property is close to Tobey Hospital, shopping, restaurants, public transportation, and major highways. Located at 76 High St, it offers access to local services and regional commuter routes. WalkScore is 13, indicating a car-dependent setting, while BikeScore is 29, classified as somewhat bikeable.
Key Highlights
- 22‑room lodging property
- Built in 1800
- Near Tobey Hospital, shopping, restaurants, and public transportation
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
$51,720
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
3.87%
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%
$1,034,400
$1.0M
Cap Rate 7%
$738,857
$738.9K
Cap Rate 9%
$574,667
$574.7K
Market Conditions
NOI Build-Up for 6,874 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
$123.7K $18.00/SF
− Vacancy
−$14.8K −$2.16/SF
EGI
$108.9K $15.84/SF
− OpEx
−$57.2K −$8.32/SF
NOI
$51.7K $7.52/SF
Area
Plymouth County, MA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$1,034,400
Cap Rate 7%
$738,857
Cap Rate 9%
$574,667
Alternative Uses
Best Use
Hotel Hospitality
$738.9K
$646.5K – $862.0K
NOI $51,720 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $284,857 @ 7.0% cap · market cap 21.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 02571, MA
10,858
Population
6,205
Households
1.7
Avg Household Size
51
Median Age
32%
College-Educated
90%
High-School Grad
18.7 sq mi
ZIP Area
581
Density / Sq Mi
$87,302
Median Household Income
$56,282
Median Earnings
$1,427
Median Rent
$422,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Lodging asset near downtown with access to medical care, shopping, dining, transit, and major highways.
Where is this hotel located?
The property is located at 76 High St Wareham, MA.
What is the asking price?
The asking price for this property is $1,335,000.
What are key features of this property?
This property features: 22‑room lodging property; Built in 1800; Near Tobey Hospital, shopping, restaurants, and public transportation
