Mixed-Use Building For
For Sale
Contact for pricing
216 N King St, Northampton, MA 01060
16,075 SF building with showroom, office, warehouse, and shop.
Property Size16,075 SF
Price / SF$167.96
Days on Market193
Property Features for 216 N King St
General Information
Standard status
Active
Size
16,075 SF
Property subtype
Industrial
Lease Type
NNN
Investment Type
Sale/Leaseback
Net Operating Income
$189,000
Building Details
Tenancy
Single
Listing Agency:
CBRE - Hartford
(860) 987-4789
Listed By:
Jack Reed · License #9551299
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Aug 11 at 7:19PM
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 CBRE - Hartford
Investment Insights
Based on property information with market context.
Available for sale is a 16,075 square foot building suitable for a variety of uses, including showroom, office, warehouse, and shop space. This property represents a sale-leaseback investment opportunity. The current ownership is open to negotiating lease terms.
Key Highlights
- Sale‑leaseback investment opportunity.
- 16,075 SF building featuring a showroom, office, warehouse, and shop area.
- Ownership willing to negotiate terms.
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
$201,718
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
7.47%
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%
$4,034,360
$4.0M
Cap Rate 7%
$2,881,686
$2.9M
Cap Rate 9%
$2,241,311
$2.2M
Market Conditions
NOI Build-Up for 16,075 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
$256.6K $15.96/SF
− Vacancy
−$19.2K −$1.20/SF
EGI
$237.3K $14.76/SF
− OpEx
−$35.6K −$2.21/SF
NOI
$201.7K $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%
$4,034,360
Cap Rate 7%
$2,881,686
Cap Rate 9%
$2,241,311
Alternative Uses
Best Use
Flex RnD
$8.46M
$7.41M – $9.88M
NOI $592,539 @ 7.0% cap · market cap 21.95%
Second Best
Warehouse
$2.88M
$2.52M – $3.36M
NOI $201,718 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$9.79M
$8.57M – $11.42M
NOI $685,258 @ 7.0% cap · market cap 25.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
264
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 16,075 SF building with showroom, office, warehouse, and shop.
Where is this flex space located?
The property is located at 216 N King St Northampton, MA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Sale‑leaseback investment opportunity.; 16,075 SF building featuring a showroom, office, warehouse, and shop area.; Ownership willing to negotiate terms.
