Retail/Warehouse Flex
For Sale
Contact for pricing
137 King St, Northampton, MA 01060
100% leased flex retail and warehouse setup with a front showroom and rear overhead delivery door.
Property Size7,780 SF
Price / SF$138.17
Days on Market54
Property Features for 137 King St
General Information
Standard status
Active
Size
7,780 SF
Property subtype
Retail, Industrial
Zoning
Entrance Business
Occupancy
100%
Additional Details
Drive-In Doors
1
Building Details
Year Built
1902
Stories
1
Listing Agency:
REGION CO LLC
Listed By:
Mitch Bolotin · License #MA 134459
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 7 at 8:30AM
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 REGION CO LLC
Investment Insights
Based on property information with market context.
This 100% leased retail/warehouse flex building totals 7,780 square feet and is designed for a combined customer-facing and operational use. The front portion includes a showroom and reception area, while the rear is dedicated to warehouse space with an overhead door for deliveries. The layout supports day-to-day service and distribution in one facility, with the separation of showroom and warehouse areas providing practical flow for both staff and visitors.
The property is located on King Street in Northampton, near the Summer and North Street intersection, and across from Dunkin. Its placement along a busy commercial corridor and its visible storefront presence can support retail and service tenants that benefit from consistent street-level exposure.
For buyers seeking an income-producing mixed-use facility, the building’s current 100% leased status provides immediate tenant occupancy while maintaining a flexible physical configuration. Tenants that need retail frontage alongside dock or drive-through-style access can also find the front showroom/rear overhead door arrangement well suited to a range of retail and warehouse-adjacent operations.
The property is located on King Street in Northampton, near the Summer and North Street intersection, and across from Dunkin. Its placement along a busy commercial corridor and its visible storefront presence can support retail and service tenants that benefit from consistent street-level exposure.
For buyers seeking an income-producing mixed-use facility, the building’s current 100% leased status provides immediate tenant occupancy while maintaining a flexible physical configuration. Tenants that need retail frontage alongside dock or drive-through-style access can also find the front showroom/rear overhead door arrangement well suited to a range of retail and warehouse-adjacent operations.
Key Highlights
- 100% leased 7,780 SF retail/warehouse building
- Busy King Street location in Northampton, near the Summer and North Street intersection and across from Dunkin
- Rear warehouse area with overhead door for deliveries
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,628
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,952,560
$2.0M
Cap Rate 7%
$1,394,686
$1.4M
Cap Rate 9%
$1,084,756
$1.1M
Market Conditions
NOI Build-Up for 7,780 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$124.2K $15.96/SF
− Vacancy
−$9.3K −$1.20/SF
EGI
$114.9K $14.76/SF
− OpEx
−$17.2K −$2.21/SF
NOI
$97.6K $12.55/SF
Area
Hampshire County, MA
Vacancy
7.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,952,560
Cap Rate 7%
$1,394,686
Cap Rate 9%
$1,084,756
Alternative Uses
Best Use
Flex RnD
$4.10M
$3.58M – $4.78M
NOI $286,778 @ 7.0% cap · market cap 26.68%
Second Best
Retail
$2.28M
$2.00M – $2.66M
NOI $159,786 @ 7.0% cap · market cap 14.86%
Theoretical Best
Office A
$4.74M
$4.15M – $5.53M
NOI $331,652 @ 7.0% cap · market cap 30.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,506
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01060, MA
14,461
Population
7,875
Households
1.8
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
10.9 sq mi
ZIP Area
1,327
Density / Sq Mi
$75,077
Median Household Income
$49,151
Median Earnings
$1,460
Median Rent
$427,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - 100% leased flex retail and warehouse setup with a front showroom and rear overhead delivery door.
Where is this flex space located?
The property is located at 137 King St Northampton, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 100% leased 7,780 SF retail/warehouse building; Busy King Street location in Northampton, near the Summer and North Street intersection and across from Dunkin; Rear warehouse area with overhead door for deliveries
