Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    68 Ctr St Barnstable, MA 02601

    Sponsored
    For Sale
    $599,000

    Prime Hyannis location, 2790 sq ft, vacant.

    Property size:
    2,790 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional 2,790 square foot commercial condominium, located at 68 Center Street in Hyannis, Massachusetts, presents a unique investment opportunity. Built in 2007, this Class A space boasts steel-frame construction and is situated on a 90,820 square foot lot. The first-floor unit benefits from low gas heat and AC costs due to its central location within the building. Currently vacant, this space offers a flexible layout, perfect for a variety of businesses. Features include high ceilings, four offices, a conference room, a large kitchen, two ADA-compliant bathrooms, ample storage, and expansive open areas. Importantly, none of the interior walls are load-bearing, allowing for easy customization. Reserved parking is available in front of the building, with additional deeded parking located behind 70 Center Street. The property is connected to municipal water and sewer. This meticulously maintained complex is under new management and is home to a variety of businesses, including a salon, signage company, and therapy practice. Sixteen high-end residential condominiums are located above the commercial space. The property enjoys a convenient location near the HyLine Cruises, Steamship Authority, Cape Cod Hospital, and downtown Hyannis's vibrant restaurants and shopping. Easy access to the Mid-Cape Highway (exits 68(6) and 72(7)) adds to its appeal. While some uses are prohibited (including spas, due to an existing one in the complex), the condominium offers significant potential for a variety of businesses. The property is available for sale at $599,000 and may also be available for lease, potentially with an option to purchase.

    Property Features for 68 Ctr St

    General Information

    Property type
    Specialty properties
    Square Feet
    2,790 SF

    Building Details

    Year Built
    2007

    HighLights

    • 2,790 SF Class A commercial condo in Hyannis, MA.
    • Built in 2007 with steel‑frame construction on a 90,820 SF lot.
    • First‑floor unit with low utility costs, flexible layout, and ample parking.
    • Features high ceilings, four offices, conference room, large kitchen, two ADA bathrooms, and ample storage; non‑load‑bearing interior walls.
    • Located near HyLine Cruises, Steamship Authority, Cape Cod Hospital, and downtown Hyannis; easy highway access.
    • $599,000 sale price; lease with option to purchase may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Jewelry Store Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Barnstable
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.2808949
    Latitude
    41.6557646

    Nearby Similar for Sale

    • $2,000,000
      3,415 SF

      Turn-Key Investment in Hyannis, MA

      Fully renewed mixed-use property with immediate income potential.
      712 Main St, Hyannis, MA 02601
      View Details
    • $5,900,000
      19,304 SF

      Osterville Commercial Property with Dunkin'

      Prime commercial property in Osterville, MA with established tenants.
      804 Main St, Osterville, MA 02655
      View Details
    • New
      $1,285,000
      4,032 SF

      Downtown Hyannis Mixed-Use Property

      Turnkey mixed-use property with buildable lot in downtown Hyannis.
      574 Main St, Hyannis, MA 02601
      View Details
    • $899,000
      4,033 SF

      Versatile Commercial Property in Hyannis

      High-visibility commercial property with flexible space in a vibrant location.
      307 Falmouth Rd, Hyannis, MA 02601
      View Details
    • $689,000
      1,858 SF

      Charming Renovated Office Building in Centerville

      Renovated office building in the heart of Centerville Village.
      627 S Main St, Centerville, MA 02632
      View Details
    • $599,000
      2,822 SF

      Hyannis Retail Property For Sale

      Retail property in Hyannis, MA, with redevelopment potential.
      181 Spring St, Hyannis, MA 02601
      View Details
    • $330,000
      1,414 SF

      Hyannis Commercial Business Bay/Office Unit

      Commercial business bay/office unit for sale in Hyannis, MA.
      270 Communication Way, Hyannis, MA 02601
      View Details
    • New
      $775,000
      2,766 SF

      Hyannis Office Building Investment

      Fully leased office building in Hyannis with stable income.
      243 South St, Hyannis, MA 02601
      View Details
    • New
      $599,000
      1,736 SF

      Former Craigville General Store

      Mixed-use property in Centerville Village, moments from Craigville Beach.
      628 Craigville Beach Rd, Centerville, MA 02632
      View Details
    • New
      $1,399,000
      Pending

      Downtown Hyannis Two-Unit Building

      Two-unit building in downtown Hyannis with investment opportunity.
      328 Main St, Hyannis, MA 02601
      View Details
    • $59,000
      243 SF

      Centerville Office Condominium For Sale

      Affordable 500 square foot office space in Centerville.
      1645 Falmouth Rd, Centerville, MA 02632
      View Details
    • New
      $625,000
      1,440 SF

      Hyannis Duplex: Investment Opportunity

      Hyannis duplex with strong rental potential near Main Street.
      10 Hiramar Rd, Hyannis, MA 02601
      View Details

    FAQs

    What type of property is this?
    Specialty property - Prime Hyannis location, 2790 sq ft, vacant.
    Where is this specialty property located?
    The property is located at 68 Ctr St Barnstable, MA.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 2,790 SF Class A commercial condo in Hyannis, MA.; Built in 2007 with steel-frame construction on a 90,820 SF lot.; First-floor unit with low utility costs, flexible layout, and ample parking.
    (508) 362-3323
    Request Owner's contact information
    68 Ctr St Barnstable, MA 02601
    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.
    68 Ctr St
    Barnstable, MA 02601
    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.

    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
    68 Ctr St Barnstable, MA 02601
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.