Listing Agency: Denny Nolan Real Estate

Listed By: Denny R. Nolan · License #126178 Show Phone

Source: Exprealty

Added: Jun 2 Changed: Oct 6 Last Checked: Oct 16 at 2:23PM

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Investment Insights

Based on property information with market context.

This two-unit duplex contains 2,288 square feet and uses all-electric systems. Each unit has separate electric service, allowing the residences to be metered independently. The building sits back from the road on an approximately 3.3-acre wooded parcel.

Located at 151 Pantry Rd in West Hatfield, Massachusetts, the property is just over the Northampton line and offers immediate highway access. No leases are currently in place.

Key Highlights

• 2,288‑square‑foot duplex with two units
• Approximately 3.3 wooded acres
• Separate electric service for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,052

Cap Rate

7.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$661,040 $661.0K

Cap Rate 7%

$472,171 $472.2K

Cap Rate 9%

$367,244 $367.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,288 SF

Gross rent

$49.4K $21.60/SF

− Vacancy

−$2.2K −$0.96/SF

EGI

$47.2K $20.64/SF

− OpEx

−$14.2K −$6.19/SF

NOI

$33.1K $14.45/SF

Area

Hampshire County, MA

Vacancy

4.46%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$661,040

Cap Rate 7%

$472,171

Cap Rate 9%

$367,244

Alternative Uses

Best Use

Multifamily LT 5

$472.2K

$413.2K – $550.9K (±1% cap)

NOI $33,052 @ 7.0% cap · market cap 7.19%

Second Best

Apartment 5plus

$431.7K

$377.8K – $503.7K (±1% cap)

NOI $30,221 @ 7.0% cap · market cap 6.57%

Theoretical Best

Office A

$1.39M

$1.22M – $1.63M (±1% cap)

NOI $97,535 @ 7.0% cap · market cap 21.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Garden Center Auto Repair Shop Hair Salon Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Separate electric service, a quiet setback, and immediate highway access support the two-unit property.

Where is this duplex located?

The property is located at 151 Pantry Rd West Hatfield, MA.

What is the asking price?

The asking price for this property is $459,900.

What are key features of this property?

This property features: 2,288‑square‑foot duplex with two units; Approximately 3.3 wooded acres; Separate electric service for each unit