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    126 Main St Harwich, MA 02671
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    126 Main St Harwich, MA 02671

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    • Mixed-use properties
    • 11,907 SF
    • 2.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 126 Main St

    Year built
    1900
    Lot size
    2.20 lot acres
    Property size
    11,907 SF
    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This exceptional 2.2-acre waterfront property in Harwich, Massachusetts, presents a unique redevelopment opportunity. Located at 126 Main St (Route 28), this mixed-use site boasts 11,907 square feet of existing buildings, including a main building (7,922 sq ft) previously operating as a renowned Irish pub with a large restaurant space, commercial kitchen, three to four bedrooms, and five bathrooms. The property also features a "Backhouse" with seven bedrooms and four bathrooms, a "Side Cottage" with four bedrooms and two bathrooms, and a large storage shed. The main building's restaurant previously held a capacity of approximately 375 people. The property offers two potential landing areas with dockage possibilities, providing easy access to Nantucket Sound via the Herring River. Built in 1900, the property is zoned commercial and offers significant potential for various uses, including hospitality, residential, or mixed-use development. The site's rich history, including its association with a popular annual road race, adds to its appeal. The asking price is $3,699,000. The property is being sold "as is," with no warranties or representations as to condition or use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harwich
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.111
    Latitude
    41.6692

    Comparable in this City

    • Value Estimation by Request
      2,413 SF

      255 Rte 28

      OFFICE/RESIDENTIAL (MIXED USE) • 2,413 SF
      255 Rte 28, West Harwich, MA 02671-1225
      View Details
    • Value Estimation
      $520,000
      2,218 SF

      278 Rte 28

      OFFICE/RESIDENTIAL (MIXED USE) • 2,218 SF
      278 Rte 28, West Harwich, MA 02671-1226
      View Details
    • Value Estimation
      $625,000
      4,089 SF

      237 Rte 28

      OFFICE/RESIDENTIAL (MIXED USE) • 4,089 SF
      237 Rte 28, West Harwich, MA 02671-1200
      View Details
    • Value Estimation by Request
      0.75 Acres

      198 Rte 28

      OFFICE/RESIDENTIAL (MIXED USE) • 0.75 Acres
      198 Rte 28, West Harwich, MA 02671-1220
      View Details
    • Value Estimation
      $565,000
      4,471 SF

      94 Rte 28

      OFFICE/RESIDENTIAL (MIXED USE) • 4,471 SF
      94 Rte 28, West Harwich, MA 02671-1116
      View Details
    • Value Estimation
      $695,000
      0.52 Acres

      22 Rte 28

      OFFICE/RESIDENTIAL (MIXED USE) • 0.52 Acres
      22 Rte 28, West Harwich, MA 02671-1040
      View Details

    Similar Nearby for Sale

    • $2,795,000
      2.22 Acres

      Waterfront Property with Development Potential

      2.22-acre waterfront property with restaurant, cottage, and development potential.
      126 Route 28, West Harwich, MA 02671
      View Details
    • $1,200,000
      Pending

      Land in Old Mill Point

      Pristine lot with beach and dock rights on Nantucket Sound.
      19 Riverway, West Harwich, MA 02671
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    • Contact for pricing
      11,900 SF

      Waterfront Property with Development Potential

      2.22 acres with four buildings and waterfront views.
      126 Route 28, Harwich, MA 02671
      View Details
    • Contact for pricing

      Waterfront Restaurant with Development Potential

      2.22 acres waterfront property with restaurant and residential buildings.
      126 Route 28, Harwich, MA 02671
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    • $499,900
      4,136 SF

      Historic Church in Cape Cod

      Historic 4100+ sq ft church in West Harwich, MA.
      62 Route 28, West Harwich, MA 02671
      View Details
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    Harwich, MA 02671
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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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