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    Hatfield Commercial Office & Warehouse Title is generated by Realmo AI

    12 Elm St, Hatfield, MA 01038

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    Commercial office and warehouse space for rent in Hatfield, MA.

    Type:Office, Industrial
    Added:
    Oct 19, 2024
    Days on Market:
    592
    Last Refresh:
    May 11 at 9:33 pm

    Property Features for 12 Elm St

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial

    Spaces For Lease

    at 12 Elm St Contact us

    Office $15/Mo

    Size
    735 SF
    Type
    Office
    $15.00 sq/ft year – NO CAM.nWell-positioned 735 SF office space located at Pioneer...
    show more
    Contact us

    We can help!

    Listing Contact
    James Kramer

    Listing agent James Kramer License #GA 282634

    Listing office Storage Asset Management

    Listing date Oct 19, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Storage Asset Management

    HighLights

    • Flexible office and warehouse space for rent, ideal for small businesses and startups.
    • Centrally located in Hatfield, MA, with easy access to Amherst, Northampton, and Hadley.
    • Secure facility with 24/7 video surveillance and gated access.
    • Temperature‑controlled warehouse space with radiant heated flooring.
    • Drive‑up storage units for easy loading and unloading.
    • Available office suite for rent.

    Overview

    Located in Hatfield, MA, Pioneer Valley Storage offers commercial office and warehouse spaces for rent. These spaces are suited for small businesses, startups, contractors, and service providers seeking affordable and secure workspaces near Amherst, Hadley, and Northampton. The location provides dedicated office space, suitable for entrepreneurs and professionals needing a clean, secure, and conveniently located workspace. Warehouse units are also available, including drive-up and indoor options, to create a business operation hub. The warehouse features drive-up storage units for loading and unloading supplies and inventory, temperature-controlled space with radiant heated flooring, wide access aisles for deliveries and large vehicles, and secure indoor and outdoor vehicle and equipment parking. Business-ready amenities include an available office suite, 24/7 video surveillance, secure gated access, and indoor and outdoor commercial vehicle parking. The property is centrally located on the Connecticut River, minutes from Amherst, Northampton, and Hadley, providing accessibility to businesses serving Franklin and Hampshire Counties. The spaces can benefit contractors, construction teams, landscaping and maintenance companies, e-commerce sellers needing warehouse space, mobile businesses seeking central offices, and remote workers needing dedicated office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Storage Facility HVAC Service

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

    Similar Places Nearby

    • Special Requests Catering — 59 Prospect St, Hatfield, MA 01038

    Location Insight

    • Map
    • Local Demand
    City
    Hatfield
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.6085033
    Latitude
    42.3668321

    FAQs

    What type of property is this?
    Flex space - Commercial office and warehouse space for rent in Hatfield, MA.
    Where is this flex space located?
    The property is located at 12 Elm St Hatfield, MA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Flexible office and warehouse space for rent, ideal for small businesses and startups.; Centrally located in Hatfield, MA, with easy access to Amherst, Northampton, and Hadley.; Secure facility with 24/7 video surveillance and gated access.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    James Kramer
    Real Estate License ID: GA 282634
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    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
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