Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    615 Main St Hyannis, MA 02601
    Back to Search
    Property profile & analytics

    615 Main St, Hyannis, MA 02601

    View on Map
    • Office Units
    • 3,024 SF
    For Sale
    $685,000
    View Listing →
    3,024 SF Flex Condo Unit For Sale
    $685,000
    3,024 SF

    3,024 SF Flex Condo Unit

    3,024 SF Flex Condo Prime Location on Main Street in Hyannis

    Barnstable, MA 02601
    View Listing
    Property ID
    US38-0780046
    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

    • Office Units

    Property Details for 615 Main St

    Year built
    1930
    Property type
    Office Units
    Property subtype
    Coworking space

    Description

    This exceptional 3,024 square foot commercial space at 615 Main Street, Unit 13, in Hyannis, Massachusetts, presents a unique opportunity for a variety of businesses. Located in the heart of downtown Hyannis, this single-tenant property boasts a prime Main Street location with excellent visibility and foot traffic. Built in 1930 and renovated in 1999, the building offers a blend of historic charm and modern functionality. The space is classified as Retail, Office, and Special Purpose, suitable for Traditional Office, Medical Office, Coworking, or Creative Office uses. The layout is flexible and currently features an open floor plan adaptable to various needs, including a potential dressing room and display windows directly facing Main Street. Two bathrooms and basement storage are included. The property sits on a 0-acre lot and is a single-story building with no elevators or on-site parking. Utilities are available. The zoning is Commercial, and the cross street is Sea Street. The property's address is 615 Main Street, Barnstable, MA 02601.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Barnstable
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.290754768415
    Latitude
    41.649264540151

    Comparable in this City

    • Contact for pricing

      Versatile Commercial Space Available

      Adaptable commercial unit with showroom and office space.
      1047 Falmouth Rd, Hyannis, MA 02601
      View Details
    • Contact for pricing

      Main Street Retail/Office Opportunity

      Prime location for retail, restaurant, or office in Hyannis.
      615 Main St, Hyannis, MA 02601
      View Details
    • $23 SF/Yr
      7,792 SF

      Hyannis Commercial Space Available

      Versatile commercial space in Hyannis with showroom and office potential.
      1047 Falmouth Rd, Hyannis, MA 02601
      View Details
    • New
      $39,100
      Pending

      Prime Hyannis Commercial Space

      Historic Main Street location ideal for retail, restaurant, or office.
      615 Main St, Hyannis, MA 02601
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Multiple units available with office, showroom, and gym potential.
      1047 Falmouth Rd, Hyannis, MA 02601
      View Details
    • $1,000 /Mo
      7,960 SF

      Renovated Hyannis Office Spaces

      Move-in ready office spaces in prime Hyannis location.
      460 Bearses Way, Hyannis, MA 02601
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Hyannis Medical Facility For Sale

      Renovated medical facility in Hyannis, suitable for various uses.
      677 West Main St, Hyannis, MA 02601
      View Details
    • $499,000
      2,256 SF

      Restaurant Space in Downtown Hyannis

      Turnkey restaurant with flexible space in the heart of Hyannis.
      517 Main St, Hyannis, MA 02601
      View Details
    • $2,195,000

      Downtown Hyannis Commercial Space

      Prime commercial space in thriving downtown Hyannis business district.
      338 Main St, Hyannis, MA 02601
      View Details
    • $545,000

      Commercial Condominium in Hyannis

      Commercial condominium for sale or lease in Hyannis, MA.
      68 Center St, Hyannis, MA 02601
      View Details
    • $599,000
      2,822 SF

      Versatile Commercial Building For Sale

      Adaptable commercial building suitable for investors, users, or redevelopment.
      181 Spring St, Hyannis, MA 02601
      View Details
    • Contact for pricing
      5,790 SF

      Modern Condo Unit in Hyannis

      Renovated 2,895 sq ft condo in Hyannis business district.
      68 Hyannis Ave, Hyannis, MA 02601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Commercial Space Available

      Adaptable commercial unit with showroom and office space.
      1047 Falmouth Rd, Hyannis, MA 02601
      View Details
    • Contact for pricing

      Main Street Retail/Office Opportunity

      Prime location for retail, restaurant, or office in Hyannis.
      615 Main St, Hyannis, MA 02601
      View Details
    • $23 SF/Yr
      7,792 SF

      Hyannis Commercial Space Available

      Versatile commercial space in Hyannis with showroom and office potential.
      1047 Falmouth Rd, Hyannis, MA 02601
      View Details
    • New
      $39,100
      Pending

      Prime Hyannis Commercial Space

      Historic Main Street location ideal for retail, restaurant, or office.
      615 Main St, Hyannis, MA 02601
      View Details
    • Contact for pricing

      Versatile Commercial Space Available

      Multiple units available with office, showroom, and gym potential.
      1047 Falmouth Rd, Hyannis, MA 02601
      View Details
    • $1,000 /Mo
      7,960 SF

      Renovated Hyannis Office Spaces

      Move-in ready office spaces in prime Hyannis location.
      460 Bearses Way, Hyannis, MA 02601
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    615 Main St
    Hyannis, MA 02601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    615 Main St, Hyannis, MA, 02601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!