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    Property profile & analytics
    OFF-MARKET Estimated value $540,000
    Industrial properties

    217 Thornton Dr, Hyannis, MA 02601-8105

    2,400 SF 1.91 ac lot Built 1978
    Entity Owned 6-yr Hold Free & Clear
    Property ID
    US38-1857847
    Property summary
    AI-generated overview

    This exceptional 2,400 square foot warehouse, situated at 217 Thornton Drive in Hyannis, MA, presents a rare leasing opportunity. Boasting a prime location at the top of the hill, this newly renovated property offers significant advantages for a variety of commercial uses. The warehouse itself features two bays, each equipped with overhead doors: one measuring 12 feet high by 16 feet wide, and the other 12 feet high by 10 feet wide. Adding to its functionality is a substantial fenced yard area to the rear, spanning 73 feet wide and 40 feet deep, providing ample space for storage or outdoor operations. Inside, the space includes multiple newly constructed offices, enhancing its versatility and providing dedicated workspace. Two half-bathrooms are conveniently located within the building. Heating is provided by gas in the warehouse, while the offices benefit from efficient ductless split systems for both heating and air conditioning. The property also features 3-phase power, a significant asset for many businesses, and enjoys excellent street-facing signage for enhanced visibility and branding opportunities. The asking rent is $5,000 per month, NNN. The 1.91-acre lot provides ample space and the property is situated on a 1.91 acre lot. Please note that automotive uses are not permitted.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1978
    Construction STEEL FRAME
    Total area 2,400 SF
    Lot 1.91 ac (83,201 SF)
    Zoning code IN
    APN BARN M:297 L:028
    UPID US38-1857847
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $375k
    CAP Approach CAP
    $535k
    Comparable Approach Comparable
    $492k
    Blend (final) Blend
    $540k
    Owner & transaction history
    Hill Realty LLC · 6 yrs held
    Hill Realty LLC
    since 2020
    2 recorded transactions
    2020
    2019
    $1.4M
    Zoning & alternative use
    IN · Hyannis, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $560,000 +52.6%
    Retail stores $545,000 +47.6%
    Office building $530,000 +43.8%
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