Building Details

Year Built 1940

Listing Agency: PREMIER COMMERCIAL

Listed By: NIK J ATSALIS Show Phone

Source: Corcoran

Added: Jul 30, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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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

Investment Insights

Based on property information with market context.

Located at 855 Main Street in West Dennis, Massachusetts, this commercial property, formerly the Mermaids on Cape Cod Boutique, offers a prime opportunity in a vibrant commercial corridor. Situated directly on high-visibility Main Street (Route 28), the property benefits from exceptional exposure and traffic flow. The property has a size of 764 square feet. It features private off-street parking and flexible multi-use potential, making it suitable for a wide range of businesses. This property presents a chance to own a piece of West Dennis real estate in a strategic location.

Key Highlights

• Prime location on high‑visibility Main Street (Route 28) in West Dennis.
• Exceptional exposure and traffic flow.
• Flexible multi‑use potential for various businesses.

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

$15,691

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

3.34%

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%

$313,820 $313.8K

Cap Rate 7%

$224,157 $224.2K

Cap Rate 9%

$174,344 $174.3K

Market Conditions

NOI Build-Up for 764 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

$22.9K $30.00/SF

− Vacancy

−$504 −$0.66/SF

EGI

$22.4K $29.34/SF

− OpEx

−$6.7K −$8.80/SF

NOI

$15.7K $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%

$313,820

Cap Rate 7%

$224,157

Cap Rate 9%

$174,344

Alternative Uses

Best Use

Retail

$224.2K

$196.1K – $261.5K (±1% cap)

NOI $15,691 @ 7.0% cap · market cap 3.34%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$311.3K

$272.4K – $363.2K (±1% cap)

NOI $21,793 @ 7.0% cap · market cap 4.64%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Electrical Service Grocery & Convenience Store Furniture & Home Goods Skin Care Clinic Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

203

Businesses Nearby

3k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

2,937 visits/mo 0.2 miles

Demographics for 02670, MA

1,463

Population

2,173

Households

0.7

Avg Household Size

63

Median Age

61%

College-Educated

99%

High-School Grad

2.1 sq mi

ZIP Area

697

Density / Sq Mi

$89,875

Median Household Income

$59,500

Median Earnings

$1,493

Median Rent

$647,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Storefront property - Prime commercial property on Main Street with high visibility.

Where is this storefront property located?

The property is located at 855 Main West Dennis, MA.

What is the asking price?

The asking price for this property is $470,000.

What are key features of this property?

This property features: Prime location on high‑visibility Main Street (Route 28) in West Dennis.; Exceptional exposure and traffic flow.; Flexible multi‑use potential for various businesses.