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Property profile & analytics
FOR LEASE
Commercial real estate
655 Iyannough Rd Hyannis MA, Barnstable, MA 02601
Individually Owned
11-yr Hold
Free & Clear
Property ID
US38-2490493
For Lease
$18,130,000
655 Iyannough Rd,Unit Hyannis MA, Barnstable, MA 02601
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
67,000 SF
Lot
9.15 ac (398,574 SF)
Zoning code
HB;B
APN
HYAN M:311 L:008
UPID
US38-2490493
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
by Request
CAP Approach
CAP
$14.38M
Comparable Approach
Comparable
$22.47M
Blend (final)
Blend
$18.13M
Owner & transaction history
Route 132 RT · 11 yrs held
Route 132 RT
since 2014
4 recorded transactions
Zoning & alternative use
HB;B · Hyannis, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$16.6M
+5.9%
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 Barnstable submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Barnstable 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,580,000
6.5%
$14,380,000
7%
$13,350,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$15,675,000
Current use
RESTAURANT
$16,600,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$15,165,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$14,775,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$18.13M
Range $16.32M – $19.94M · ±10%
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
$271 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$182,099
Tax year 2020
Assessed value
$18,425,900
Assessed 2024
Previous assessed
$18,691,700
-1.4% YoY
Effective rate
0.99%
On assessed value
Assessed land
$6,793,900
Assessed improvement
$11,632,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
5
Total area
67,000 SF
Lot
9.15 ac (398,574 SF)
Zoning code
HB;B
APN
HYAN M:311 L:008
UPID
US38-2490493
Jurisdiction
BARNSTABLE
Zoning & alternative use
HB;B · Hyannis, MA
Zoning HB;B · permitted uses
HB;B · Hyannis, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hyannis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$15.7M
RESTAURANT
Est. value
$16.6M
RETAIL STORES
Est. value
$15.2M
OFFICE BUILDING
Est. value
$14.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
5
Lot
9.15 ac
Current owner
From public records · entity-resolved
Route 132 RT
Individual
Free & Clear · 11 yrs held
Mailing address
231 WILLOW ST, YARMOUTH PORT, MA 02675-1744
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2014
—
Route 132 RT
Brp Holdings LLC
Quit Claim Deed
related
—
Jul 25, 1997
—
Rte 132 RT
—
Deed Of Trust
related
$10,600,000 · Bankboston Development Co LLC
Aug 9, 1993
—
132 Re T Rte
—
Deed Of Trust
related
$6,250,000 · Bankboston Development Co LLC
Jan 19, 1989
$750,000
132 Real Estate T Rte
Sullivan,joseph JR
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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