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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    488 South St Hyannis, MA 02601

    • Turn key restaurants
    • 5,504 SF
    • 0.43 lot acres
    For Sale
    View listing
    $2,195,000
    Last Sale
    Apr 25, 2024
    $715,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1538015
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 488 South St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.43 lot acres
    Property size
    5,504 SF
    Property type
    Turn key restaurants
    APN
    HYAN M:308 L:141
    APU
    HYANM308L141

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $715,000
      ML approach
      $715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $871,000
      Market price range: $732k - $1.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hyannis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.2916
    Latitude
    41.6482
    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
    $10,491
    $232,800
    $843,200
    $1,076,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $815,000
      11,663 SF

      950 Iyannough Rd

      RESTAURANT • 11,663 SF
      950 Iyannough Rd, Hyannis, MA 02601-1829
      View Details
    • Value Estimation
      $505,000
      4,571 SF

      177 Pleasant St

      RESTAURANT • 4,571 SF
      177 Pleasant St, Hyannis, MA 02601-4011
      View Details
    • Value Estimation by Request
      3,114 SF

      184 Nn St

      RESTAURANT • 3,114 SF
      184 Nn St, Hyannis, MA 02601-3824
      View Details
    • Value Estimation by Request
      6,075 SF

      451 Iyannough Rd

      RESTAURANT • 6,075 SF
      451 Iyannough Rd, Hyannis, MA 02601-2036
      View Details
    • Value Estimation by Request
      3,092 SF

      294 Main St

      RESTAURANT • 3,092 SF
      294 Main St, Hyannis, MA 02601-4003
      View Details
    • Value Estimation by Request
      6,216 SF

      460 Main St

      RESTAURANT • 6,216 SF
      460 Main St, Hyannis, MA 02601-3906
      View Details

    Similar Nearby for Sale

    • $2,195,000
      5,504 SF

      Reimagined Restaurant in Historic Hyannis

      Premiere restaurant with modern updates in the heart of Hyannis.
      488 South St, Hyannis, MA 02601
      View Details
    • Contact for pricing

      Reimagined Restaurant in Historic Hyannis

      Premiere restaurant with modern updates in the heart of Hyannis.
      488 South St, Hyannis, MA 02601
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    • $698,000
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      Established Restaurant Business For Sale

      Turnkey restaurant and bar with high traffic and loyal clientele.
      950 Iyannough Rd, Hyannis, MA 02601
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    • $749,000
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      Retro Arcade Bar For Sale

      Unique 99-seat restaurant/bar in Hyannis Main Street Business District.
      294 Main St, Hyannis, MA 02601
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    • Contact for pricing

      Historic Hyannis Main Street Property

      2,200 SF space ideal for restaurant or retail.
      615 Main St, Hyannis, MA 02601
      View Details
    • $625,000

      Mixed-Use Property with Income Potential

      Mixed-use property with residential and commercial rental units.
      657 Yarmouth Rd, Hyannis, MA 02601
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    Similar Nearby for Lease

    • $39,100
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      Prime Hyannis Commercial Space

      Historic Main Street location ideal for retail, restaurant, or office.
      615 Main St, Hyannis, MA 02601
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    • $72,000
      4,259 SF

      Hyannis Restaurant Space with Kitchen

      Restaurant space with commercial kitchen in high-traffic Hyannis location.
      615 Main St, Hyannis, MA 02601
      View Details
    • Contact for pricing
      231,883 SF

      Hyannis Retail Center Investment Opportunity

      Prime Cape Cod Retail Space Available
      0 Iyannough Rd. & Independence Dr, Barnstable, MA 02601
      View Details
    • $24 SF/Yr
      5,000 SF

      Hyannis Main Street Office Space

      5,000 sq ft Office, Retail, Restaurant Space
      442 Main St, Barnstable, MA 02601
      View Details
    • $0.02 SF/Yr
      1,860 SF

      Hyannis Restaurant Space For Lease

      High-traffic corner, 1860 sq ft, approved site plan.
      215 Main Street Hyannis, MA 02601, Hyannis, MA 02601
      View Details
    • $2,325 /Mo
      16,184 SF

      Downtown Hyannis Retail Space Available

      900 SF open retail space on Main Street.
      357 Main St, Hyannis, MA 02601
      View Details
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    488 South St
    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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