Four-Story Industrial Mill
For Sale
Contact for pricing
1 Cabot Street, Holyoke, MA 01040
Updated four-story mill building with approved parking, fire safety features, sallyport, elevators, and multiple loading options.
Property Size19,000 SF
Price / SF$0.00
Days on Market2802
Property Features for 1 Cabot Street
General Information
Standard status
Active
Size
19,000 SF
Property subtype
Commercial
Zoning
IG
Lease Type
NNN
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$48,720
Amenities
parking
fire safety
sallyport
common bathrooms
video security
elevators
Building Details
Building Size
19,000 SF
Year Built
1892
Stories
4
Construction
mill building
Tenancy
Multi
Listing Agency:
River Valley Realty Service
Listed By:
Timothy Murphy
(413) 687-3103
Source:
Churchillprop
Added: Feb 19, 2019
Changed: Oct 6
Last Checked: Oct 20 at 7:06PM
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 River Valley Realty Service
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Investment Insights
Based on property information with market context.
Updated four-story mill building currently operated with existing cannabis businesses. The property includes approved parking, fire safety provisions, a sallyport, and common bathrooms. Two elevators support building access, and the site provides video-secured common sally port circulation, along with multiple loading docks/drive-in loading configurations.
First and second floors are mostly built out with finished walls and ceilings and epoxy flooring. The building also has expanded electrical service, a new roof, and newer windows being installed. Three-phase power at 480 is available.
Current cannabis tenants include manufacturing, processing, distribution, and retail. The building’s cannabis operations are supported by common amenities and infrastructure already in place, positioning the space for continued use and additional buildout.
First and second floors are mostly built out with finished walls and ceilings and epoxy flooring. The building also has expanded electrical service, a new roof, and newer windows being installed. Three-phase power at 480 is available.
Current cannabis tenants include manufacturing, processing, distribution, and retail. The building’s cannabis operations are supported by common amenities and infrastructure already in place, positioning the space for continued use and additional buildout.
Key Highlights
- Updated four‑story mill building with approved parking and fire safety features
- Multiple loading options including multiple loading docks/drive‑in and a common sally port
- Two elevators plus video security in the common sally port area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,474
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,480
$2.0M
Cap Rate 7%
$1,449,629
$1.4M
Cap Rate 9%
$1,127,489
$1.1M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$155.0K $8.16/SF
− Vacancy
−$10.1K −$0.53/SF
EGI
$145.0K $7.63/SF
− OpEx
−$43.5K −$2.29/SF
NOI
$101.5K $5.34/SF
Area
Hampden County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,480
Cap Rate 7%
$1,449,629
Cap Rate 9%
$1,127,489
Alternative Uses
Best Use
Industrial
$1.45M
$1.27M – $1.69M
NOI $101,474 @ 7.0% cap · market cap 1,449,628.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.71M
$10.25M – $13.66M
NOI $819,706 @ 7.0% cap · market cap 11,710,085.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
Business Placement
Demographics for 01040, MA
38,238
Population
17,057
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
1,804
Density / Sq Mi
$51,892
Median Household Income
$41,801
Median Earnings
$1,016
Median Rent
$255,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Cannabis property - Updated four-story mill building with approved parking, fire safety features, sallyport, elevators, and multiple loading options.
Where is this cannabis property located?
The property is located at 1 Cabot Street Holyoke, MA.
What are key features of this property?
This property features: Updated four‑story mill building with approved parking and fire safety features; Multiple loading options including multiple loading docks/drive‑in and a common sally port; Two elevators plus video security in the common sally port area
