For Sale
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1436 Iyannough Road, Hyannis, MA 02601
Office buildings
Property Size5,400 SF
Price / SF$286.11
Days on Market837
Property Features for 1436 Iyannough Road
General Information
Standard status
Active
Size
5,400 SF
Total Parking Spaces
28
Property subtype
Office
Building Details
Year Built
2003
Units
4
Listing Agency:
Griffin Realty Group
Listed By:
Danny Griffin · License #9053633
(774) 836-6172
Source:
Crexi
Added: Jun 22, 2024
Changed: Oct 3
Last Checked: Oct 5 at 7:10PM
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 Griffin Realty Group
Investment Insights
Based on property information with market context.
Key Highlights
- Immediate income generation with 4 out of 5 units currently rented.
- Prime commercial location just 1.4 miles from Cape Cod Mall and downtown Hyannis.
- Easy highway access only 2 miles away.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,530
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,270,600
$2.3M
Cap Rate 7%
$1,621,857
$1.6M
Cap Rate 9%
$1,261,444
$1.3M
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$189.2K $35.04/SF
− Vacancy
−$37.8K −$7.01/SF
EGI
$151.4K $28.03/SF
− OpEx
−$37.8K −$7.01/SF
NOI
$113.5K $21.02/SF
Area
Barnstable County, MA
Vacancy
20.00%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,270,600
Cap Rate 7%
$1,621,857
Cap Rate 9%
$1,261,444
Alternative Uses
Best Use
Office B
$1.62M
$1.42M – $1.89M
NOI $113,530 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,037 @ 7.0% cap · market cap 9.97%
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
243
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
Where is this office building located?
The property is located at 1436 Iyannough Road Hyannis, MA.
What is the asking price?
The asking price for this property is $1,545,000.
What are key features of this property?
This property features: Immediate income generation with 4 out of 5 units currently rented.; Prime commercial location just 1.4 miles from Cape Cod Mall and downtown Hyannis.; Easy highway access only 2 miles away.
