Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Turn-Key Inn Near Cape Cod Title is generated by Realmo AI

    960 State Highway, Eastham, MA 02642

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Upgraded 22-unit Inn near beaches, restaurants, and attractions.

    Type:Hospitality
    Added:
    Sep 23, 2023
    Days on Market:
    972
    Last Refresh:
    May 12 at 8:53 pm

    Property Features for 960 State Highway

    General Information

    Standard status
    Active
    Property subtype
    Hospitality

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Sharon Kingman Dixon

    Listing agent Sharon Kingman Dixon

    Listing office William Raveis Real Estate & Home Services

    Listing date Sep 23, 2023

    Source Crexi

    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 William Raveis Real Estate & Home Services

    HighLights

    • #1 Ranked Motel/Inn: Consistently top‑rated on travel sites for over 20 years.
    • Prime Location: Gateway to Cape Cod National Seashore, close to beaches, restaurants, shops, and the Cape Cod Rail Trail.
    • Turn‑Key Property: Fully upgraded and ready for immediate operation.
    • Recent Extensive Upgrades: Tasteful and comprehensive improvements inside and out.
    • Guest Amenities: Includes a pool, back decks on most rooms, and a new gas fire pit.
    • Continental Breakfast: Served on a sunny porch overlooking the woods.

    Overview

    This 22-unit Inn/Motel, designed for adults, has been upgraded extensively since its acquisition by the current owners 12 years ago, with most improvements completed recently. Upgrades include both interior and exterior enhancements. The Inn offers a continental breakfast to guests on a porch with a view of the woods. Amenities include a pool, back decks on most rooms, and a new gas fire pit. Located at the Gateway to the Cape Cod National Seashore, the property is near Eastham beaches on both the bay and oceanside. Restaurants, shops, and the Cape Cod Rail Trail are also nearby. Summer concerts, events, and programs are available at the Eastham Windmill and the Salt Pond Visitors Center. The location provides easy access to both Orleans and the Outer Cape. The property has been a popular vacation spot for many years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eagle Wing Inn Hotel & Motel

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Hotel & Motel Kitchen & Bath Showroom Food Market Accounting Firm HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Smith Heights Cottages — 1440 State Hwy, Eastham, MA 02642
    • Eagle Wing Inn — 960 State Hwy, Eastham, MA 02642
    • Anchorage On the Cove — 450 State Hwy, Eastham, MA 02642
    • The Seagrove — 25 Seaview Rd, Eastham, MA 02642
    • The Seagrove Cottage — 40 Seaview Rd, Eastham, MA 02642

    Location Insight

    • Map
    • Local Demand
    City
    Eastham
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -69.9722783
    Latitude
    41.8088768

    Nearby Similar for Sale

    • $785,000
      2,258 SF

      Updated Two-Family Home Near Beach

      Two-family home near Cooks Brook Beach with updated units.
      50 Silver Oak Road, Eastham, MA 02642
      View Details
    • $950,000
      2,442 SF

      Mixed-Use Commercial Opportunity, Eastham

      High-visibility mixed-use property with commercial kitchen and short-term rental.
      5030 State Highway, Eastham, MA 02642
      View Details
    • $1,055,000
      2,314 SF

      Established Multi-Family Rental Property

      Turnkey multi-family property in Eastham with high-yield potential.
      25 Oakwood Road, Eastham, MA 02642
      View Details
    • $1,100,000
      2,940 SF

      Well-Maintained Duplex Near Kingsbury Beach

      Duplex near Kingsbury Beach with long-term tenants.
      600 Kingsbury Beach Road, Eastham, MA 02642
      View Details
    • $1,200,000
      1,345 SF

      Two-Unit Property Near Cape Cod Bay

      Two-unit property near Boat Meadow Landing with sunset views.
      40 Bayview Road, Eastham, MA 02642
      View Details
    • $500,000

      Two Cottages in Eastham, MA

      Two cottages on 0.59 acres near Wiley Park.
      1690 Herring Brook Road, Eastham, MA 02642
      View Details
    • $750,000
      2,496 SF

      Two-Family Home in Eastham, MA

      Two-family townhouse near beaches and shopping in Eastham.
      2255 State Highway, Eastham, MA 02642
      View Details
    • $1,055,000
      2,314 SF

      Established Multi-Family Rental Property

      Turnkey multi-family property in Eastham with immediate year-round income.
      25 Oakwood Road, Eastham, MA 02642
      View Details
    • $1,055,000

      Established Multi-Family Rental Property

      Turnkey multi-family property in Eastham's Narrowland, sold furnished.
      25 Oakwood Rd, Cape Cod, MA 02642
      View Details
    • $1,599,000
      7,316 SF

      Mixed-Use Property with Income Potential

      Mixed-use property featuring offices, apartments, and industrial bays.
      35 Brittanys Way, Eastham, MA 02642
      View Details
    • $1,055,000
      2,314 SF

      Established Multi-Family Rental Property

      Turnkey multi-family property in Eastham with immediate year-round income.
      25 Oakwood Road, Eastham, MA 02642
      View Details
    • Contact for pricing
      11,000 SF

      Cape Cod Self-Storage Facility

      Self-storage facility in undersupplied Eastham market with expansion potential.
      4688 State Hwy, Eastham, MA
      View Details

    FAQs

    What type of property is this?
    Motel - Upgraded 22-unit Inn near beaches, restaurants, and attractions.
    Where is this motel located?
    The property is located at 960 State Highway Eastham, MA.
    What is the asking price?
    The asking price for this property is $3,395,000.
    What are key features of this property?
    This property features: #1 Ranked Motel/Inn: Consistently top‑rated on travel sites for over 20 years.; Prime Location: Gateway to Cape Cod National Seashore, close to beaches, restaurants, shops, and the Cape Cod Rail Trail.; Turn‑Key Property: Fully upgraded and ready for immediate operation.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sharon Kingman Dixon
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    960 State Highway, Eastham, MA 02642
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!