Industrial Building with Office
For Sale
Contact for pricing
144 Texas Road, Northampton, MA 01060
Industrial building with garage area, outdoor storage, and upstairs office space, suited for an owner-user.
Property Size3,756 SF
Price / SF$185.04
Days on Market54
Property Features for 144 Texas Road
General Information
Standard status
Active
Size
3,756 SF
Property subtype
Industrial
Zoning
OI
Investment Type
Owner/User
Building Details
Year Built
1960
Stories
2
Listing Agency:
REGION CO LLC
Listed By:
Ben Bolotin · License #MA 9582125
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 8 at 9:08AM
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 offering is an approximately 3,756-square-foot industrial building designed to support both operational and office needs. The property includes a garage area and outdoor storage, along with upstairs office space. The zoning also allows second-floor residential as well as storage, providing flexibility for certain use scenarios.
The building is located in Northampton, Massachusetts, in close proximity to downtown. It also provides easy access to Easthampton, which can be beneficial for day-to-day logistics and commuting.
For an owner-user, the existing mix of garage space, outdoor storage, and upstairs offices supports a practical live-work or work-and-storage configuration, depending on the final permitted use under the zoning. Investors and tenants should review the zoning allowances for second-floor residential and storage to confirm the intended operating model and compliance requirements. The layout is particularly relevant for businesses seeking an on-site office component without giving up dedicated storage areas.
The building is located in Northampton, Massachusetts, in close proximity to downtown. It also provides easy access to Easthampton, which can be beneficial for day-to-day logistics and commuting.
For an owner-user, the existing mix of garage space, outdoor storage, and upstairs offices supports a practical live-work or work-and-storage configuration, depending on the final permitted use under the zoning. Investors and tenants should review the zoning allowances for second-floor residential and storage to confirm the intended operating model and compliance requirements. The layout is particularly relevant for businesses seeking an on-site office component without giving up dedicated storage areas.
Key Highlights
- Approximately 3,756 SF industrial building built in 1960
- Includes a garage area, outdoor storage, and upstairs office space
- Owner‑user suited, with on‑site layout for garage, outdoor storage, and office use
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
$47,132
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
6.78%
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%
$942,640
$942.6K
Cap Rate 7%
$673,314
$673.3K
Cap Rate 9%
$523,689
$523.7K
Market Conditions
NOI Build-Up for 3,756 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
$59.9K $15.96/SF
− Vacancy
−$4.5K −$1.20/SF
EGI
$55.4K $14.76/SF
− OpEx
−$8.3K −$2.21/SF
NOI
$47.1K $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%
$942,640
Cap Rate 7%
$673,314
Cap Rate 9%
$523,689
Alternative Uses
Best Use
Flex RnD
$1.98M
$1.73M – $2.31M
NOI $138,450 @ 7.0% cap · market cap 19.92%
Second Best
Office B
$1.68M
$1.47M – $1.97M
NOI $117,915 @ 7.0% cap · market cap 16.97%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,114 @ 7.0% cap · market cap 23.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Under-served
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 Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building with garage area, outdoor storage, and upstairs office space, suited for an owner-user.
Where is this flex space located?
The property is located at 144 Texas Road Northampton, MA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Approximately 3,756 SF industrial building built in 1960; Includes a garage area, outdoor storage, and upstairs office space; Owner‑user suited, with on‑site layout for garage, outdoor storage, and office use
