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Property profile & analytics
OFF-MARKET
Estimated value
$5,600,000
Office buildings
255 Independence Dr Hyannis, MA 02601-1854
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-2316834
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,510 SF
Lot
2.07 ac (90,169 SF)
Zoning code
IN
APN
BARN M:295 L:009
UPID
US38-2316834
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
$5.60M
CAP Approach
CAP
$6.39M
Comparable Approach
Comparable
$3.53M
Blend (final)
Blend
$5.60M
Owner & transaction history
Housing Assistance Corp · 2 yrs held
Housing Assistance Corp
since 2024
Last sale
$5.6M
1 recorded transaction
Zoning & alternative use
IN · Hyannis, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+12.4%
Commercial (general)
$4.3M
+6.1%
Retail stores
$4.2M
+2.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hyannis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hyannis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,600,000
ML approach
$5,600,000
CAP Approach
CAP Return
Estimation
6%
$6,920,000
6.5%
$6,385,000
7%
$5,930,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,080,000
Current use
RESTAURANT
$4,585,000
Change: +12% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,330,000
Change: +6% · Conversion: Easy
RETAIL STORES
$4,190,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$5.60M
Range $5.04M – $6.16M · ±10% · vs last sale $5.60M (Jul 2 2024)
Last sale anchor
$5.60M
Jul 2 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$303 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,087
Tax year 2024
Assessed value
$2,750,600
Assessed 2024
Previous assessed
$2,750,600
+0.0% YoY
Effective rate
0.80%
On assessed value
Assessed land
$751,400
Assessed improvement
$1,999,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
18,510 SF
Lot
2.07 ac (90,169 SF)
Zoning code
IN
APN
BARN M:295 L:009
UPID
US38-2316834
Jurisdiction
BARNSTABLE
Zoning & alternative use
IN · Hyannis, MAZoning IN · permitted uses
IN · Hyannis, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.1M
RESTAURANT
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RETAIL STORES
Est. value
$4.2M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Housing Assistance Corp
Entity
Mailing address
255 W INDEPENDENCE DR, HYANNIS, MA 02601-1854
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
$5,600,000
Housing Assistance Corp
Switch Gears LLC
Quit Claim Arm's Length For Ne States
$5,350,000 · Switch Gears LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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