Coastal Mixed-Use
New
For Sale
$7,500,000
88-94 Chase Avenue, Dennis Port, MA 02639
Commercial Sale, Dennis Port, MA
Property Size16,136 SF
Lot Size0.91 Acres
Price / SF$464.80
Days on Market4
Property Features for 88-94 Chase Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Resort Resident
Parking
50
Parking features
Paved or Surfaced, Open, Off Street, Parking Lot
Interior features
High Speed Internet
Appliances
Water Heater
Elementary school district
Dennis-Yarmouth
Middle school district
Dennis-Yarmouth
High school district
Dennis-Yarmouth
Directions
Route 28 to Depot Street to Chase Avenue.
Subdivision
Dennis
Standard status
Active
APN
42-9-0
Size
16,136 SF
Lot size
0.91 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11721
Utilities
Utilities
Phone Available
Sewer type
Cesspool
Heating system
Natural Gas
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1965
Floors in Building
2
Flooring type
Tile, Hardwood, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Gibson Sotheby's International Realty
(508) 432-6100
Listed By:
Paul McCormick · License #448014395
(508) 776-1936
Added: Sep 8
Last Checked: Sep 11 at 5:06PM
MLS# 22604482
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 0.91-acre mixed-use property contains 16,136 square feet of site area, a substantial commercial building, multiple residential structures, and approximately 50 parking spaces. The commercial building previously accommodated a 180-seat restaurant and includes tile, hardwood, and carpet flooring, wall-unit cooling, natural gas heat, and a shingle roof. Public water and cesspool service are in place.
Located at 88-94 Chase Avenue in Dennis Port, the property sits across the street from the beach within the Chase Avenue Hotel Resort Area. The surrounding corridor includes oceanfront resorts, vacation properties, beaches, and established dining destinations. Under the stated zoning framework, qualifying hotel development may reach up to 4 1/2 stories or 50 feet.
Located at 88-94 Chase Avenue in Dennis Port, the property sits across the street from the beach within the Chase Avenue Hotel Resort Area. The surrounding corridor includes oceanfront resorts, vacation properties, beaches, and established dining destinations. Under the stated zoning framework, qualifying hotel development may reach up to 4 1/2 stories or 50 feet.
Key Highlights
- 0.91‑acre mixed‑use property with 16,136 square feet of site area
- Approximately 50 parking spaces, including paved, open, off‑street parking
- Commercial building previously operated as a 180‑seat restaurant
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
$248,856
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
3.32%
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%
$4,977,120
$5.0M
Cap Rate 7%
$3,555,086
$3.6M
Cap Rate 9%
$2,765,067
$2.8M
Market Conditions
NOI Build-Up for 16,136 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
$348.5K $21.60/SF
− Vacancy
−$16.7K −$1.04/SF
EGI
$331.8K $20.56/SF
− OpEx
−$83.0K −$5.14/SF
NOI
$248.9K $15.42/SF
Area
Barnstable County, MA
Vacancy
4.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$4,977,120
Cap Rate 7%
$3,555,086
Cap Rate 9%
$2,765,067
Alternative Uses
Best Use
Specialty Retail
$3.56M
$3.11M – $4.15M
NOI $248,856 @ 7.0% cap · market cap 3.32%
Second Best
Mixed Use
$3.22M
$2.81M – $3.75M
NOI $225,097 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$6.58M
$5.75M – $7.67M
NOI $460,286 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
993
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Bluegreen Vacations The Soundings, Ascend Resort Collection
Hotels & Casinos
993 visits/mo
0.1 miles
Demographics for 02639, MA
3,238
Population
5,162
Households
0.6
Avg Household Size
53
Median Age
39%
College-Educated
98%
High-School Grad
2.8 sq mi
ZIP Area
1,156
Density / Sq Mi
$64,051
Median Household Income
$47,857
Median Earnings
$1,296
Median Rent
$451,700
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?
Mixed-use property - Across from the beach, the site combines a substantial commercial building, residential structures, and paved parking.
Where is this mixed-use property located?
The property is located at 88-94 Chase Avenue Dennis Port, MA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 0.91‑acre mixed‑use property with 16,136 square feet of site area; Approximately 50 parking spaces, including paved, open, off‑street parking; Commercial building previously operated as a 180‑seat restaurant
