Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    17 New South St Northampton, MA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corner unit office condo with private offices and parking.

    Type:OFFICE
    Property size:
    1,778 SF
    Lot size:
    2.94 Acres
    Price / SF:
    $165/SF
    Added:
    Dec 29, 2022
    Days on Market:
    1209
    Last Refresh:
    Apr 5 at 9:31 pm

    Property Features for 17 New South St

    General Information

    Standard status
    Active
    Size
    1,778 SF
    Lot size
    2.94 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Brendan Greeley

    Listing agent Brendan Greeley

    Listing office RJ Greeley Company

    Listing date Dec 29, 2022

    Source Moodyscre

    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 RJ Greeley Company

    Overview

    Professional Office Suite in Northampton

    This professional office suite is a 1,778 square foot condominium unit located at 17 New South Street in Northampton. Situated on the first floor, this corner unit features 4 private offices and an open workspace. The property, known as the Old School Commons Condominium, occupies a prominent corner location at the intersection of New South Street and Main Street (Route 10). On-site parking is available for 4 vehicles. Additional street parking is available on New South Street, along with access to various municipal parking lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Northampton
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.6649
    Latitude
    42.3307

    Nearby Similar for Sale

    • $695,000
      6,950 SF

      Northampton Commercial Building For Sale

      Five-unit commercial building in Northampton's Central Business District.
      90 King Street, Northampton, MA 01060
      View Details
    • $295,000
      1,778 SF

      Professional Office Suite For Sale

      First floor office condo with private offices and parking.
      17 New South Street, Northampton, MA 01060
      View Details
    • $1,500,000
      2,700 SF

      Northampton Retail Opportunity For Sale

      2,700 SF retail property on 0.87 acres in Northampton.
      222 North King St, Northampton, MA 01060
      View Details
    • $495,000
      2,100 SF

      Freestanding Office Building For Sale

      2,100 SF office building with Route 5 visibility.
      285 N King St, Northampton, MA
      View Details
    • $6,375,000
      8,348 SF

      Town Fair Tire Investment

      Absolute NNN lease with 16 years remaining and 10% bumps.
      338 King St, Northampton, MA 01060
      View Details
    • $1,750,000
      21,000 SF

      Northampton Industrial Park Office Building

      21,000 SF office building in Northampton Industrial Park.
      32 Industrial Dr, Northampton, MA
      View Details
    • $2,700,000
      16,075 SF

      Mixed-Use Building For Sale

      16,075 SF building with showroom, office, warehouse, and shop.
      216 N King St, Northampton, MA 01060
      View Details
    • $695,000
      3,756 SF

      Industrial Building with Office Space

      3,756 SF industrial building with garage and office space.
      144 Texas Rd, Northampton, MA
      View Details
    • $1,950,000
      33,872 SF

      Unique Northampton Office/Educational Property

      33,872 SF building near downtown Northampton and Smith College.
      45 Round Hl Rd, Northampton, MA
      View Details
    • Contact for pricing

      Diverse National Commercial Property Portfolio

      Portfolio of 25 commercial properties across 10 states for sale.
      125 Carlon Dr, Northampton, MA 01060
      View Details
    • $1,075,000
      7,780 SF

      Retail/Warehouse Building on King Street

      7,780 SF retail/warehouse building for sale, fully leased.
      137 King St, Northampton, MA
      View Details
    • $2,870,000
      82,000 SF

      Northampton Warehouse For Sale

      82,000 sqft warehouse property available for purchase.
      120 River Rd, Northampton, MA 01053
      View Details

    FAQs

    What type of property is this?
    Office units - Corner unit office condo with private offices and parking.
    Where is this office units located?
    The property is located at 17 New South St Northampton, MA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Prominent corner location on New South Street and Main Street (Route 10); First floor, corner unit for easy access and visibility; 1,778 SF professional office suite with 4 private offices and open workspace
    (413) 478-1005 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brendan Greeley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!