Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    959 Bearses Way Hyannis, MA 02601-2230
    Back to Search
    Property profile & analytics

    959 Bearses Way, Hyannis, MA 02601-2230

    View on Map
    • Turn key restaurants
    • 3,126 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US38-1350123
    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

    • Turn key restaurants

    Property Details for 959 Bearses Way

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.37 lot acres
    Zone code
    HB;B
    Property type
    Turn key restaurants
    APN
    HYAN M:273 L:124
    APU
    HYANM273L124

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 2, 2025 — Centco LLC — Deed · related $250k · Sarunas Norvaisa
    May 2, 2024 — Centco LLC — Deed · related $125k · Lawrence Martin
    Jun 30, 2023 — Centco LLC — Deed · related $150k · Martin C Traywick
    Feb 1, 2019 — Centco LLC — Deed · related $160k · Private Individual
    Oct 4, 2017 $750,000 Centco LLC Akkawi Brothers LLC Quit Claim Deed $625k · Akkawi Brothers LLC
    Dec 15, 2014 $350,000 Akkawi Brothers LLC Shankzters INC Quit Claim Deed —
    Jan 28, 2014 — Shankzters INC — Deed Of Trust · related $200k · Elsie Heleen
    Apr 29, 2010 $250,000 Shankzters INC Reardon,elsie M Grant Deed —
    Mar 14, 2008 — Elsie M Reardon — Deed Of Trust · related $120k · Wayne Stone
    — — Centco LLC — Deed Of Trust · related $160k · Private Individual

    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
    Hyannis
    County
    Barnstable
    State
    Massachusetts
    Longitude
    -70.3087
    Latitude
    41.6738
    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
    $7,699
    $204,400
    $585,200
    $789,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,645 SF

      654 Iyannough Rd

      RESTAURANT
      654 Iyannough Rd, Hyannis, MA 02601-1910
      View Details
    • Value Estimation by Request
      3,806 SF

      138 Ocean St

      RESTAURANT
      138 Ocean St, Hyannis, MA 02601-4752
      View Details
    • Value Estimation
      $775,000
      5,772 SF

      120 Airport Rd

      RESTAURANT
      120 Airport Rd, Hyannis, MA 02601-8100
      View Details
    • Value Estimation
      $1,250,000
      14,002 SF

      183 Iyannough Rd

      RESTAURANT
      183 Iyannough Rd, Hyannis, MA 02601-2030
      View Details
    • Value Estimation by Request
      1,696 SF

      11 Barnstable Rd

      RESTAURANT
      11 Barnstable Rd, Hyannis, MA 02601-5523
      View Details
    • Value Estimation by Request
      1,582 SF

      14 Main St

      RESTAURANT
      14 Main St, Hyannis, MA 02601-3738
      View Details

    Similar Nearby for Sale

    • $598,000
      16,239 SF

      Established Restaurant and Bar Opportunity

      Turnkey restaurant and bar with high traffic location in Hyannis.
      950 Iyannough Rd, 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
    • $39,100
      2,228 SF

      Main Street Retail/Office Opportunity

      Prime location for retail, restaurant, or office in Hyannis.
      615 Main St, Hyannis, MA 02601
      View Details
    • Contact for pricing
      4,259 SF

      Historic Hyannis Main Street Property

      Prime location suitable for retail, restaurant, or office use.
      615-617 Main St, Hyannis, MA 02601
      View Details
    • New
      $549,000
      Pending

      Historic Hyannis Main Street Space

      Prime commercial space for sale or lease in Hyannis, MA.
      615 Main St, Hyannis, MA 02601
      View Details
    • $2,195,000
      13,242 SF

      Downtown Hyannis Commercial Space

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

    Similar Nearby for Lease

    • $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

      Main Street Retail/Office Opportunity

      Prime location for retail, restaurant, or office in Hyannis.
      615 Main St, 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

      Restaurant Space in Hyannis BID

      Restaurant space with full commercial kitchen in high-traffic area.
      615 Main St, Hyannis, MA 02601
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Hyannis, Massachusetts.
      655 Iyannough Rd, Barnstable, MA 02601
      View Details
    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.
    959 Bearses Way
    Hyannis, MA 02601-2230
    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
    959 Bearses Way, 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!