Multi-Tenant Office
For Sale
Contact for pricing
765 Attucks Lane, Hyannis, MA 02601
Multi-tenant office building on a waterfront-pond view site with parking and elevator access near major Cape Cod services.
Property Size17,713 SF
Lot Size2.81 Acres
Price / SF$197.31
Days on Market64
Property Features for 765 Attucks Lane
General Information
Standard status
Active
Size
17,713 SF
Total Parking Spaces
53
Lot size
2.81 Acres
Property subtype
Office
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1972
Stories
2
Tenancy
Multi
Listing Agency:
Premier Commercial - Centerville
(508) 962-5033
Listed By:
John Ciluzzi · License #MA 8990
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 11 at 3:11PM
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 - Centerville
Investment Insights
Based on property information with market context.
The property consists of a 17,713 SF, multi-story, multi-tenant office building set on a private, expansive 2.81-acre lot with two included parcels. The layout is designed to support flexible occupancy, making it a practical fit for medical groups, professional offices, or specialized community service providers. On-site accessibility is supported by elevator access, and the site includes a 53-space surface parking lot for employees and visitors.
Located at 765 Attucks Lane in Hyannis, Cape Cod, the building is described as minutes from the Route 132 retail hub, Cape Cod Hospital, Island Ferry Service, USPO, and the Cape Cod Mall Retail District. Additional nearby amenities include restaurants, with access to the Mid-Cape Highway.
For sale with three tenants currently in place, the property can work for an end user seeking a central Cape Cod presence. It may also appeal to investors looking for an income-producing, multi-tenant structure. Beyond office use, the site is positioned for consideration of redevelopment to multi-family residential, or a long-term hold strategy consistent with the existing building and site improvements.
Located at 765 Attucks Lane in Hyannis, Cape Cod, the building is described as minutes from the Route 132 retail hub, Cape Cod Hospital, Island Ferry Service, USPO, and the Cape Cod Mall Retail District. Additional nearby amenities include restaurants, with access to the Mid-Cape Highway.
For sale with three tenants currently in place, the property can work for an end user seeking a central Cape Cod presence. It may also appeal to investors looking for an income-producing, multi-tenant structure. Beyond office use, the site is positioned for consideration of redevelopment to multi-family residential, or a long-term hold strategy consistent with the existing building and site improvements.
Key Highlights
- 17,713 SF multi‑story, multi‑tenant building built in 1972 with elevator access
- Multi‑tenant office/commercial site on a 2.81‑acre waterfront/pond view lot (2 parcels: 2.32 and 0.49)
- On‑site parking: 53‑space surface parking lot for employees and visitors
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
$250,412
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
7.16%
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%
$5,008,240
$5.0M
Cap Rate 7%
$3,577,314
$3.6M
Cap Rate 9%
$2,782,356
$2.8M
Market Conditions
NOI Build-Up for 17,713 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
$446.4K $25.20/SF
− Vacancy
−$29.0K −$1.64/SF
EGI
$417.4K $23.56/SF
− OpEx
−$166.9K −$9.42/SF
NOI
$250.4K $14.14/SF
Area
Barnstable County, MA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$5,008,240
Cap Rate 7%
$3,577,314
Cap Rate 9%
$2,782,356
Alternative Uses
Best Use
Office B
$5.32M
$4.65M – $6.21M
NOI $372,398 @ 7.0% cap · market cap 10.66%
Second Best
Healthcare Medical
$3.58M
$3.13M – $4.17M
NOI $250,412 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$7.22M
$6.32M – $8.42M
NOI $505,271 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,098
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building on a waterfront-pond view site with parking and elevator access near major Cape Cod services.
Where is this office building located?
The property is located at 765 Attucks Lane Hyannis, MA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 17,713 SF multi‑story, multi‑tenant building built in 1972 with elevator access; Multi‑tenant office/commercial site on a 2.81‑acre waterfront/pond view lot (2 parcels: 2.32 and 0.49); On‑site parking: 53‑space surface parking lot for employees and visitors
