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    343 Scenic Hwy Bourne, MA 02532

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    343 Scenic Hwy Bourne, MA 02532

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    • Investment properties
    • 8,850 SF
    • 1.93 lot acres
    For Lease
    $1,780,000
    View Listing →
    Retail Space For Lease For Lease
    $1,780,000

    Retail Space For Lease

    Retail space available for lease.

    343 Scenic Hwy, Bourne, MA 2532
    View Listing
    Property ID
    US38-0918236
    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

    • Speedway / Gas Station
    • Dunkin' / Cafe & Coffee Shop
    • Cardtronics ATM / Atm
    • LibertyX Bitcoin ATM / Atm

    Property Details for 343 Scenic Hwy

    Year built
    2007
    Construction
    FRAME
    Lot size
    1.93 lot acres
    Property size
    8,850 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    BOUR M:20.4 P:2
    APU
    BOURM204P2

    Description

    This exceptional 1,800 square foot retail space presents a prime end-cap opportunity at 343 Scenic Highway in Bourne, Massachusetts. Located in Barnstable County, this storefront boasts a highly visible location with significant foot traffic potential. The entire space is currently vacant, offering a blank canvas for a discerning tenant to create their ideal retail environment. The property is classified as a retail space with multiple tenancy potential, making it suitable for a variety of businesses. With its convenient location and ample square footage, this property represents a rare opportunity to establish a thriving business in a desirable area. The address is 343 Scenic Highway, Bourne, MA 02532. The property's latitude and longitude coordinates are 41.7520126 and -70.593237 respectively. This is a fantastic chance to secure a prominent retail presence in a vibrant community. The property is ready for immediate occupancy, allowing for a swift and efficient start to your business operations. Don't miss this chance to secure this exceptional retail space. Contact us today to learn more and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,060,000
      6.5%
      $1,900,000
      7%
      $1,765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,929,000
      Market price range: $736k - $1.99M
      AI Estimate
      $1,516,000
      Market price range: $498k - $1.88M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,370,000
      Current use
      RESTAURANT
      $2,195,000
      Change: +60% Conversion: Difficult
      RETAIL STORES
      $2,005,000
      Change: +46% Conversion: Easy
      OFFICE BUILDING
      $1,995,000
      Change: +45% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,515,000
      Change: +10% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,355,000
      Change: -1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bourne
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.5935
    Latitude
    41.7521
    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
    $14,180
    $735,100
    $1,033,000
    $1,768,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,473 SF

      45 Bch Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,473 SF
      45 Bch Ave, Bourne, MA 02532
      View Details
    • Value Estimation
      $2,265,000
      12,000 SF

      340 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,000 SF
      340 Main St, Bourne, MA 02532-3420
      View Details
    • Value Estimation by Request
      1.64 Acres

      854 Scenic Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1.64 Acres
      854 Scenic Hwy, Bourne, MA 02532-2216
      View Details
    • Value Estimation by Request
      1,582 SF

      2 Shr Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,582 SF
      2 Shr Rd, Bourne, MA 02532-5426
      View Details
    • Value Estimation by Request
      4.32 Acres

      993 Sandwich Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4.32 Acres
      993 Sandwich Rd, Bourne, MA 02532
      View Details
    • Value Estimation by Request
      7,864 SF

      429 Shr Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,864 SF
      429 Shr Rd, Bourne, MA 02532
      View Details

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      Retail space available for lease on Cranberry Highway.
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      Industrial Warehouse/Flex Unit For Lease

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    Bourne, MA 02532
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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.

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