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    516 Ma-134 Dennis, MA 02660
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    Property profile & analytics

    516 Ma-134, Dennis, MA 02660

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    • Retail properties & Spaces
    • 4,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 516 Ma-134

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This 4,000 square foot retail/office space, located at 516 Route 134 in South Dennis, Massachusetts (zip code 02660), is situated in the highly visible Patriot Square shopping center. The property boasts a prime location within an established commercial plaza, enjoying over 30 years of consistent high traffic. This presents a unique opportunity for businesses seeking excellent visibility and accessibility. The space is currently fully vacant and offers flexible tenancy options. The building is zoned for Industrial/Business use and is divisible into two 2,000 square foot units, providing adaptability for various business needs. Its strategic placement alongside major retailers such as CVS, Stop & Shop, and Marshalls ensures significant foot traffic and brand exposure. This property offers unparalleled retail visibility in the area, making it an ideal location for businesses seeking to establish a strong presence in the thriving South Dennis market. The property's size and location make it suitable for a variety of commercial uses, including medical offices. Interested parties should inquire about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dennis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.1502
    Latitude
    41.6952

    Comparable in this City

    • Value Estimation by Request
      9,724 SF

      79 Theophilus F Smith Rd

      Individual retail properties
      79 Theophilus F Smith Rd, Dennis, MA 02660
      View Details
    • Value Estimation by Request
      2,879 SF

      484 Rte 134

      MEDICAL BUILDING
      484 Rte 134, South Dennis, MA 02660-3423
      View Details
    • Value Estimation
      $1,390,000
      4,862 SF

      79 Theophilis Smith Rd

      MEDICAL BUILDING
      79 Theophilis Smith Rd, South Dennis, MA 02660-3414
      View Details
    • Value Estimation by Request
      3,132 SF

      65 Rte 134

      MEDICAL BUILDING
      65 Rte 134, South Dennis, MA 02660-3762
      View Details
    • Value Estimation
      $2,025,000
      14,940 SF

      686 Rte 134

      DEPARTMENT STORE
      686 Rte 134, South Dennis, MA 02660-3055
      View Details
    • Value Estimation by Request
      536 SF

      708 Rte 134th 9th Ste, Unit 9

      CONDOMINIUM OFFICES
      708 Rte 134th 9th Ste, South Dennis, MA 02660-3062
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      570 SF

      Commercial Condo in South Dennis

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    • $125,000
      570 SF

      Commercial Condo in South Dennis

      Versatile 570 sq ft condo suitable for various business uses.
      35 Ma-134, South Dennis, MA 02660
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    • $125,000
      570 SF

      Commercial Condo in South Dennis

      570 sq ft condo suitable for professional, retail, or medical.
      35 Ma-134, South Dennis, MA 02660
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    • Contact for pricing

      South Dennis Office Condominium

      Office condominium for sale or lease in South Dennis.
      434 A4, Dennis, MA 02660
      View Details
    • $59,900
      537 SF

      Cape Cod Office Condo For Sale

      Prime Dennis, MA office space; 537 sq ft.
      434 Ma-134, Dennis, MA 02660
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    Similar Nearby for Lease

    • Contact for pricing

      Renovated Commercial Condo on Route 134

      Commercial condominium for lease on Route 134 in South Dennis.
      420 1 St, Dennis, MA 02660
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    • $2,700 /Mo
      1,667 SF

      Renovated Commercial Condo For Lease

      Fully renovated commercial condo for lease in Dennis, Massachusetts.
      420 Ma-134, Dennis, MA 02660
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    • Contact for pricing
      1,600 SF

      Retail Space on Route 134

      Retail space for lease on heavily traveled Route 134.
      485 Route 134, South Dennis, MA 02660
      View Details
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    Dennis, MA 02660
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    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
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