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    2628 Main St Brewster, MA 02631-2078

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    2628 Main St Brewster, MA 02631-2078

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    • Investment properties
    • 3,073 SF
    • 6.71 lot acres
    Off-Market
    Last Sale Nov 4, 2024
    $1,600,000
    Property ID
    US38-0489706
    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

    • Scott Concrete & Masonry / Construction Company / General Contractor
    • Great Cape Tiny Village / Resort
    • Fare and Just Kitchen / Restaurant

    Property Details for 2628 Main St

    Year built
    1960
    Construction
    FRAME
    Lot size
    6.71 lot acres
    Property size
    3,073 SF
    Zone code
    VILLAG
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BREW M:89 B:14
    APU
    BREWM89B14

    Description

    This exceptional 15-acre commercial property in Brewster, Massachusetts, presents a unique investment opportunity. Located on the Old Kings Highway at 2628 Main Street (zip code 02631), this special-purpose property boasts a compelling blend of historical charm and modern infrastructure. Built in 1960, the site includes the beautifully restored Olde Burgess House, a significant historical structure, seamlessly integrated with thriving businesses such as Snowy Owl Coffee Roasters and Great Cape Herbs. The property's expansive 663,854 square foot lot also features a meticulously maintained arboretum, adding to its aesthetic appeal and potential for diverse uses. The robust infrastructure is a key advantage, including a high-standard entrance road, a substantial water main, and strategically placed underground utility conduits. This turnkey property offers significant potential for expansion and diversification, making it an attractive investment for discerning buyers seeking a unique and established commercial venture on Cape Cod. The asking price is $2,850,000. This property is zoned for special purpose use and offers considerable flexibility for future development. The combination of established businesses, historical significance, and modern infrastructure makes this a truly exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brewster
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.0594
    Latitude
    41.7669
    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
    $5,172
    $358,200
    $401,300
    $759,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      24 Eldredge Farm Cartway

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      369 Main St, Unit 375

      OFFICE/RESIDENTIAL (MIXED USE) • 5,051 SF
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    • Value Estimation by Request
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      1424 Main St

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    • Value Estimation
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      437 Harwich Rd

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    • Value Estimation
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      5,496 SF

      134 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,496 SF
      134 Main St, Brewster, MA 02631-1072
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    Similar Nearby for Sale

    • Contact for pricing
      3,021 SF

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    • New
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      Enchanting waterfront property with private beach on Cape Cod Bay.
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    • $5,800,000
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      Former Nursing/Assisted Living Facility

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    Similar Nearby for Lease

    • $2,250 /Mo
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      Brewster Retail/Office Space For Lease

      Ground floor commercial space in established Brewster commercial corridor.
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      Brewster Retail/Office Space For Lease

      Ground floor commercial space in established Brewster commercial corridor.
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    • $1,850 /Mo
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      Professional Office Space Available

      Office space in a professional setting with flexible floor plans.
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    • $1,850 /Mo
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      Professional Office Space in Brewster

      Flexible office space in a professional setting with ample parking.
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    • $19 SF/Yr
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      Retail Space in High-Traffic Area

      Retail space available in a convenient, highly visible location.
      2655 Main St, Brewster, MA 02631
      View Details
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    2628 Main St
    Brewster, MA 02631-2078
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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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