Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    150 Main St Northampton, MA 01060

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr

    Retail and small office spaces available in downtown Northampton.

    Lot size:
    0.38 Acres

    Property Features for 150 Main St

    General Information

    Lot size
    0.38 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Casey Commercial Group
    Source: Elliman

    Listing Agent: Casey Commercial Group

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Spaces in Thornes Marketplace

    Multiple retail and small office/retail spaces are available at Thornes Marketplace, a local landmark in downtown Northampton. This location is home to over 20 independent shops and restaurants, offering high foot traffic and an opportunity for business growth within the community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Northampton
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.6707
    Latitude
    42.323

    Nearby Similar for Lease

    • $2,800 /Mo
      925 SF

      Downtown Northampton Commercial Office Space

      Premium office space in vibrant downtown Northampton available for lease.
      20 Hampton Ave, Northampton, MA 01060
      View Details
    • $1,000 /Mo

      Downtown Northampton Commercial Office Space

      Prime commercial office space in vibrant downtown Northampton.
      20 Hampton Ave, Northampton, MA 01060
      View Details
    • $20 SF/Yr
      1,140 SF

      Iconic Retail Spaces in Florence Village

      Three retail units available in historic Florence Village.
      76-96 Maple St, Florence, MA 01062
      View Details
    • $30 SF/Yr
      1,443 SF

      Retail Space Near I-91

      Retail units available in high-traffic location near I-91.
      5 Fulton Ave, 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
    • $1,200 /Mo

      Northampton Retail Space For Rent

      Retail space with high potential and convenient parking.
      166 King St, Northampton, MA 01060
      View Details
    • $17 SF/Yr
      3,500 SF

      Renovated Mill Executive Office Space

      Executive office space in renovated mill with parking and amenities.
      296 Nonotuck St, Florence, MA 01062
      View Details
    • $2,725 /Mo

      Downtown Northampton Office Space Available

      Bright, versatile office space in downtown Northampton for rent.
      9 Market St, Northampton, MA 01060
      View Details
    • $15 SF/Yr

      Downtown Northampton Retail/Office Space

      3,000 SF retail/office space in a high-demand downtown location.
      16 Armory 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
    • $20 SF/Yr
      7,975 SF

      Florence Corner Retail Opportunity

      Prime Northampton Retail Space Available
      125 Main St, Northampton, MA 01062
      View Details
    • $20 SF/Yr
      2,400 SF

      Downtown Northampton Retail Space

      Prime location, 2400 sq ft, high foot traffic
      158 Main St, Northampton, MA 01060
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and small office spaces available in downtown Northampton.
    Where is this retail space located?
    The property is located at 150 Main St Northampton, MA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Located in Thornes Marketplace, a local landmark.; - Situated in downtown Northampton.; - High foot traffic location.
    (413) 459-9959
    Request Owner's contact information
    150 Main St Northampton, MA 01060
    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.
    150 Main St
    Northampton, MA 01060
    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
    150 Main St Northampton, MA 01060
    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

    We can help!
    Listing Contact
    Casey Commercial Group
    (413) 459-9959
    Learn more
    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.