Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    342 Pleasant St Northampton, MA 01060-3917

    • Investment properties
    • 2,700 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Jan 01, 2025
    $44,500
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    8.4%
    Investment properties
    Location Intelligence
    Property ID
    US38-0920372
    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

    • Investment properties

    Property Details for 342 Pleasant St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    2,700 SF
    Zone code
    GB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NHAM M:032C B:0180 L:0001
    APU
    NHAMM032CB0180L0001

    Description

    This exceptional mixed-use property at 342 Pleasant Street in Northampton, MA, presents a unique investment opportunity. Built circa 1920, this charming two-story brick building seamlessly blends historical character with modern conveniences. The upper level boasts a completely renovated two-bedroom apartment, offering a comfortable and stylish living space for residents. The ground floor commercial space has also undergone tasteful renovations, creating a versatile area suitable for a wide range of businesses. The possibilities are numerous, from retail to office space, catering to the vibrant Northampton community. A full basement provides substantial storage and utility access, adding to the property's functionality. Further enhancing its appeal is a convenient paved parking lot accommodating fifteen vehicles, ensuring ample parking for both residential and commercial tenants or customers. Located a short distance from Northampton's city center, this property benefits from excellent visibility and accessibility, making it an attractive proposition for both investors and entrepreneurs. The 0.17-acre lot provides a manageable footprint while offering ample space for the building and parking. This property offers a compelling blend of residential income and commercial potential in a highly desirable location. The asking price is $499,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $430,000
      6.5%
      $400,000
      7%
      $370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $431,000
      Market price range: $351k - $576k
      AI Estimate
      $374,000
      Market price range: $163k - $526k

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

    Location Insight

    • Map
    • Local Demand
    City
    Northampton
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.6252
    Latitude
    42.3161
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, 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
    $4,925
    $155,400
    $168,800
    $324,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $390,000
      1.06 Acres

      245 King St

      OFFICE/RESIDENTIAL (MIXED USE) • 1.06 Acres
      245 King St, Northampton, MA 01060-1136
      View Details
    • Value Estimation
      $745,000
      18,280 SF

      179 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 18,280 SF
      179 Main St, Northampton, MA 01060-3147
      View Details
    • Value Estimation
      $205,000
      0.46 Acres

      149 Brg St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.46 Acres
      149 Brg St, Northampton, MA 01060-2498
      View Details
    • Value Estimation
      $175,000
      5,916 SF

      7 Conz St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,916 SF
      7 Conz St, Northampton, MA 01060-3803
      View Details
    • Value Estimation
      $365,000
      0.30 Acres

      59 Conz St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.30 Acres
      59 Conz St, Northampton, MA 01060-3864
      View Details
    • Value Estimation
      $315,000
      5,518 SF

      128 King St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,518 SF
      128 King St, Northampton, MA 01060-3576
      View Details

    Similar Nearby for Sale

    • $1,750,000
      7,780 SF

      King Street Retail Investment

      7,780 SF Northampton Storefront, 100% Leased
      137 King St, Northampton, MA 01060
      View Details
    • $695,000

      Northampton Commercial Building For Sale

      Five-unit commercial building in Northampton's central business district.
      90 King St, Northampton, MA 01060
      View Details
    • $895,000

      Historic Northampton Multifamily Property

      Renovated multi-family property with development potential in downtown Northampton.
      67-69 Old South St, North Hampton, MA 01060
      View Details
    • $6,375,000
      6,842 SF

      Retail Property in Northampton, MA

      Retail property available for sale in Northampton, Massachusetts.
      338 King St, Northampton, MA 01060
      View Details
    • $495,000
      2,100 SF

      Freestanding Office Building For Sale

      2,100 SF office building with Route 5 visibility.
      285 N King St, Northampton, MA 01060
      View Details
    • $3,100,000
      35,892 SF

      Northampton Office-Industrial Property For Sale

      35,892 SF office-industrial property in Northampton Industrial Park.
      115 Industrial Dr, Northampton, MA 01060
      View Details

    Similar Nearby for Lease

    • $3,400 /Mo

      Retail Space on Main Street

      First-floor retail space with basement storage in historic building.
      135 Main St St 1, Northampton, MA 01060
      View Details
    • $2,400 /Mo
      1,200 SF

      Conveniently Located Office Suite

      Functional office suite with easy access to I-91.
      355 Bridge St, Northampton, MA 01060
      View Details
    • $20 SF/Yr

      Commercial Space with High Ceilings

      Commercial space suitable for restaurant or retail venture.
      78 Main St, Northampton, MA 01060
      View Details
    • Contact for pricing
      14,000 SF

      Northampton Retail Space For Lease

      Highly visible retail space in vibrant Northampton cultural hub.
      122 N King St, Northampton, MA 01060
      View Details
    • $15 SF/Yr
      5,186 SF

      Downtown Northampton Retail Space Available

      Prime retail opportunity with high visibility and ample parking.
      30 Crafts Ave, Northampton, MA 01060
      View Details
    • $1,500 /Mo

      Downtown Northampton Retail Space

      652 sq ft retail space in downtown Northampton.
      20 Crafts Ave, Northampton, MA 01060
      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.
    342 Pleasant St
    Northampton, MA 01060-3917
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.