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    Property profile & analytics

    759 MA-28 Yarmouth, MA 02664

    • Hospitality properties
    For Sale
    View listing
    $1,875,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 759 MA-28

    Property type
    Hospitality properties
    Property subtype
    Motels

    Description

    Introducing Parkers River Resort, a prime hospitality investment opportunity located at 759 MA-28, Yarmouth, MA 02664. This well-maintained property features 24 guest rooms, offering a blend of comfort and convenience for visitors to the Cape Cod area. Situated in the heart of South Yarmouth, the resort provides easy access to local attractions, dining, and beaches, making it a desirable destination for tourists.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yarmouth
    County
    State
    Massachusetts
    Longitude
    -70.1988
    Latitude
    41.6634

    Comparable in this City

    • Value Estimation by Request

      1237 Ma-28

      Hotels
      1237 Ma-28, Yarmouth, MA 02664
      View Details
    • Value Estimation
      $915,000
      54,080 SF

      1199 Rte 28

      MOTEL • 54,080 SF
      1199 Rte 28, South Yarmouth, MA 02664-4457
      View Details
    • Value Estimation
      $965,000
      45,900 SF

      1314 Rte 28

      MOTEL • 45,900 SF
      1314 Rte 28, South Yarmouth, MA 02664-4458
      View Details
    • Value Estimation
      $565,000
      28,012 SF

      711 Rte 28

      MOTEL • 28,012 SF
      711 Rte 28, South Yarmouth, MA 02664-5138
      View Details
    • Value Estimation
      $755,000
      7,072 SF

      793 Rte 28

      MOTEL • 7,072 SF
      793 Rte 28, South Yarmouth, MA 02664-5204
      View Details
    • Value Estimation
      $640,000
      35,690 SF

      329 Shr Dr

      MOTEL • 35,690 SF
      329 Shr Dr, South Yarmouth, MA 02664-5863
      View Details

    Similar Nearby for Sale

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      Restored Historic Cape Cod Inn

      Two-building bed and breakfast with 10 guest rooms and suites.
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      Waterfront Land on Parker's River

      Waterfront land with 236 ft frontage on Parker's River.
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      Retail Building on Route 28

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      Cape Cod Restaurant Opportunity

      Popular breakfast and lunch restaurant with full liquor license.
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    • Contact for pricing
      1,560 SF

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    Similar Nearby for Lease

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      Long Pond Drive Plaza Retail Space

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      Yarmouth Port First Floor Office

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      South Yarmouth Commercial Space Available

      Well-maintained office/retail unit with great location and parking.
      12 Whites Path, South Yarmouth, MA 02664
      View Details
    • $3,000 /Mo
      1,560 SF

      South Yarmouth Commercial Condo For Lease

      Industrial condo for lease featuring warehouse and office space.
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      View Details
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      Retail Space in Yarmouth Port

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      704-722 Main St, Yarmouth, MA 02664
      View Details
    • Contact for pricing
      2,500 SF

      Yarmouth Retail Space Available

      Retail spaces for lease in grocery-anchored shopping center.
      5 Long Pond Dr, Yarmouth, MA 02664
      View Details
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    759 MA-28
    Yarmouth, MA 02664
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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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