317 Falmouth RdBarnstable, MA 02601

Property Details for 317 Falmouth Rd

Year built

2000

Construction

FRAME

Lot size

1.77 AC

Property size (Sq ft)

2,560 SF

Zone code

H

Property type

Gas stations

APN

HYAN M:292 L:005

APU

HYANM292L005

Description

This 1,500 square foot retail or office space is located at 317 Falmouth Road (also known as 489 Bearse's Way) in Hyannis, MA, within a vibrant plaza featuring diverse businesses including Bobby Byrne's Restaurant and Pub, Tropical Smoothie Cafe, and others. The space, previously occupied by a physical therapy practice, offers a wide-open layout with several rear offices and two kitchenette areas. Situated at the highly visible intersection of Route 28 and Bearse's Way, this Class A property benefits from high traffic counts and easy access to major roadways like Mid Cape Highway and Route 132. Recent state improvements to the intersection include a new median, lighting, and sidewalks. The 10,000 square foot building, constructed in 1975 and renovated in 2020, sits on a 3.39-acre lot and includes two buildings, each one story high. The property offers ample signage opportunities, including space on the building's front, above the unit, and on a free-standing sign. Utilities include town water and sewer. The building has a total of five suites, with 1,500 square feet currently vacant. The minimum divisible space is 1,500 square feet, and the maximum contiguous space is also 1,500 square feet. The estimated Net Net Net (NNN) expense is approximately $5.50 per square foot. The property is zoned HB.

• CAP approach

  CAP return

  Valuation

  6%

  $535,091

  6.5%

  $493,930

  7%

  $458,649

• Comparable approach

  Method

  Valuation

  Relative Method

  $347,869

  Geo Method

  $347,869

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $956,079

  Mixed-Use / Specialty

  $495,051

  Hospitality / Lodging

  $366,956

  Office

  $495,112

  Institutional / Educational

  $515,684

  Residential Income

  $603,350

  Multifamily

  $707,647

  Automotive / Energy

  $442,015

  Parking / Income-Based Land

  $149,686

  Restaurant / Food Service

  $263,631

  Healthcare / Senior Housing

  $504,710

Location Insight

City

Hyannis

County

Barnstable

State

Massachusetts

Latitude

41.6629

Longitude

-70.299

CBSA code

12700

CBSA name

BARNSTABLE TOWN, MA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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