Two-Unit Office
For Sale
Contact for pricing
228 Triangle Street #7 & 8, Amherst, MA 01002
Second-floor office units with private offices, conference space, reception areas, restrooms, and off-street parking.
Property Size1,500 SF
Price / SF$1.60
Days on Market288
Property Features for 228 Triangle Street #7 & 8
General Information
Standard status
Active
Size
1,500 SF
Zoning
BG
Additional Details
Floor
2
Office Units
2
Taxes and HOA fees
Annual Taxes
$6,412
Building Details
Building Size
1,500 SF
Year Built
1984
Buildings
1
Listing Agency:
Delap Real Estate LLC
Listed By:
Patricia E Patenaude · License #449000791
(413) 374-1779
Source:
Insightrealtygroup
Added: Jan 19
Changed: Oct 31
Last Checked: Nov 1 at 2:15AM
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 Delap Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office condominium offering combines two commercial units totaling 1,500 square feet. The current layout provides three large private offices, a conference room, reception and waiting areas, and two restrooms. The plan may accommodate a fourth private office, subject to applicable requirements.
Built in 1984, the property is located in downtown Amherst and includes off-street parking. The office units are identified within BG zoning, providing a defined commercial setting for professional workspace.
Built in 1984, the property is located in downtown Amherst and includes off-street parking. The office units are identified within BG zoning, providing a defined commercial setting for professional workspace.
Key Highlights
- Two commercial office condo units totaling 1,500 sf
- Three large private offices with potential for a fourth
- Conference room plus waiting and reception areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,091
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,820
$941.8K
Cap Rate 7%
$672,729
$672.7K
Cap Rate 9%
$523,233
$523.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$77.0K $51.36/SF
− Vacancy
−$14.3K −$9.50/SF
EGI
$62.8K $41.86/SF
− OpEx
−$15.7K −$10.46/SF
NOI
$47.1K $31.39/SF
Area
Hampshire County, MA
Vacancy
18.50%
Lease Rate
$51.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,820
Cap Rate 7%
$672,729
Cap Rate 9%
$523,233
Alternative Uses
Best Use
Office B
$672.7K
$588.6K – $784.9K
NOI $47,091 @ 7.0% cap · market cap 1,962.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$913.5K
$799.3K – $1.07M
NOI $63,943 @ 7.0% cap · market cap 2,664.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 01002, MA
27,558
Population
11,089
Households
2.5
Avg Household Size
30
Median Age
74%
College-Educated
97%
High-School Grad
53.3 sq mi
ZIP Area
517
Density / Sq Mi
$69,411
Median Household Income
$22,570
Median Earnings
$1,561
Median Rent
$449,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office units with private offices, conference space, reception areas, restrooms, and off-street parking.
Where is this office unit located?
The property is located at 228 Triangle Street #7 & 8 Amherst, MA.
What are key features of this property?
This property features: Two commercial office condo units totaling 1,500 sf; Three large private offices with potential for a fourth; Conference room plus waiting and reception areas
