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    1047 Falmouth Rd Hyannis, MA 02601

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    1047 Falmouth Rd Hyannis, MA 02601

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    • Office buildings
    • 7,779 SF
    • 0.83 lot acres
    For Sale
    $1,465,000
    View Listing →
    Versatile Commercial Space Available For Sale
    $1,465,000
    7,792 SF

    Versatile Commercial Space Available

    Expansive unit with office, showroom, and gym potential.

    1047 Falmouth, Hyannis, MA 2601
    View Listing
    Property ID
    US38-0455441
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1047 Falmouth Rd

    Year built
    1969
    Construction
    FRAME
    Lot size
    0.83 lot acres
    Property size
    7,779 SF
    Zone code
    R
    Property type
    Office buildings
    APN
    HYAN M:250 L:004
    APU
    HYANM250L004

    Description

    This exceptional 912-square-foot executive office suite, located at 1047 Falmouth Road in Barnstable, MA (02601), offers a prime location in the Hyannis submarket, near the Centerville/Hyannis line. Situated in a Class B, two-story building (built in 1969, renovated in 2020) on a 0.83-acre lot, this sunny suite features five rooms with windows on three sides, wood-like flooring, recessed lighting, and glass panel doors. The suite is part of a six-suite building with a total of 3,931 square feet, and this space is immediately available. The property enjoys high visibility on Route 28 (Falmouth Road), diagonally across from CVS and Cape Cod Healthcare offices, and a short distance from the intersection of Route 28 and Strawberry Hill Road. Its convenient location offers easy access to Route 132, Barnstable High School, the hospital, ferries, bus lines, and highway exits 5 (65) and 6 (68). Numerous restaurants and shopping options are also within a short drive. Ample parking is available both in front and in a large rear lot. Current building tenants include several established law offices and an alarm company. The property is zoned for special permits for professional offices. Note that there are no NNN charges

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,484,000
      Market price range: $1.48M - $2.21M
      AI Estimate
      $1,332,000
      Market price range: $827k - $2.12M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,715,000
      Current use
      RESTAURANT
      $1,925,000
      Change: +12% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,820,000
      Change: +6% Conversion: Easy
      RETAIL STORES
      $1,760,000
      Change: +3% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hyannis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.3256
    Latitude
    41.6589
    CBSA code
    12700
    CBSA name
    BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,866
    $256,600
    $960,400
    $1,217,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,115,000
      6,080 SF

      737 Main St

      OFFICE BUILDING • 6,080 SF
      737 Main St, Hyannis, MA 02601-3422
      View Details
    • Value Estimation
      $1,310,000
      7,620 SF

      76 Main St

      OFFICE BUILDING • 7,620 SF
      76 Main St, Hyannis, MA 02601-3752
      View Details
    • Value Estimation
      $635,000
      2,996 SF

      270 Winter St

      OFFICE BUILDING • 2,996 SF
      270 Winter St, Hyannis, MA 02601-2960
      View Details
    • Value Estimation
      $1,155,000
      6,162 SF

      426 Nn St

      OFFICE BUILDING • 6,162 SF
      426 Nn St, Hyannis, MA 02601-5132
      View Details
    • Value Estimation
      $2,020,000
      9,975 SF

      1060 Falmouth Rd

      OFFICE BUILDING • 9,975 SF
      1060 Falmouth Rd, Hyannis, MA 02601-2371
      View Details
    • Value Estimation
      $3,270,000
      18,510 SF

      255 Independence Dr

      OFFICE BUILDING • 18,510 SF
      255 Independence Dr, Hyannis, MA 02601-1854
      View Details

    Similar Nearby for Sale

    • $775,000

      Hyannis Office Building For Sale

      Fully occupied office building in Hyannis with stable income.
      243 South St, Hyannis, MA 02601
      View Details
    • $1,999,000

      Downtown Hyannis Professional Office Building

      Professional office building in the heart of Downtown Hyannis.
      33 Bassett Ln, Hyannis, MA 02601
      View Details
    • $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
    • $350,000

      540 Main St, Barnstable, MA 02601

      Office Units
      540 Main St, Barnstable, MA 02601
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      7,960 SF

      Renovated Hyannis Office Spaces

      Move-in ready office spaces in prime Hyannis location.
      460 Bearses Way, Hyannis, MA 02601
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Adaptable commercial unit with showroom and office space.
      1047 Falmouth Rd, Hyannis, MA 02601
      View Details
    • $3,000 /Mo
      2,168 SF

      Prime Hyannis Commercial Property

      Versatile commercial space in downtown Hyannis, multiple use potential.
      17 School St, Hyannis, MA 02601
      View Details
    • $23 SF/Yr
      7,792 SF

      Hyannis Commercial Space Available

      Versatile commercial space in Hyannis with showroom and office potential.
      1047 Falmouth Rd, Hyannis, MA 02601
      View Details
    • $39,100
      2,228 SF

      Prime Hyannis Commercial Space

      Historic Main Street location ideal for retail, restaurant, or office.
      615 Main St, Hyannis, MA 02601
      View Details
    • Contact for pricing

      Main Street Retail/Office Opportunity

      Prime location for retail, restaurant, or office in Hyannis.
      615 Main St, Hyannis, MA 02601
      View Details
    View Listing
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    Hyannis, MA 02601
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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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    1047 Falmouth Rd, Hyannis, MA, 02601

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