Second-Floor Office Condo
For Sale
Contact for pricing
228 Triangle Street Unit 7, Amherst, MA 01002
Downtown office suite with multiple private rooms, reception space, storage, and a dedicated restroom.
Property Size1,000 SF
Price / SF$1.60
Days on Market90
Property Features for 228 Triangle Street Unit 7
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Floor
2
Building Details
Year Built
1984
Listed By:
Pat Patenaude
(413) 374-1779
Source:
Delaprealestate
Added: Jul 22
Changed: Oct 16
Last Checked: Oct 16 at 8:44AM
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 Pat Patenaude
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Investment Insights
Based on property information with market context.
This 1,000 SF office condominium occupies the second floor of a building constructed in 1984. The interior includes three private offices, a conference room, storage, and a waiting and reception area, along with a private restroom. The existing arrangement provides a defined mix of individual work areas and shared meeting space within the unit.
The property is located in downtown Amherst at 228 Triangle Street, Unit 7, and includes off-street parking. The adjacent space may be combined with this unit, creating a total of 1,500 SF. The property is offered for sale.
The property is located in downtown Amherst at 228 Triangle Street, Unit 7, and includes off-street parking. The adjacent space may be combined with this unit, creating a total of 1,500 SF. The property is offered for sale.
Key Highlights
- 1,000 SF second‑floor office condominium
- Three private offices plus a conference room
- Waiting and reception area with dedicated storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,394
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,880
$627.9K
Cap Rate 7%
$448,486
$448.5K
Cap Rate 9%
$348,822
$348.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$51.4K $51.36/SF
− Vacancy
−$9.5K −$9.50/SF
EGI
$41.9K $41.86/SF
− OpEx
−$10.5K −$10.46/SF
NOI
$31.4K $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%
$627,880
Cap Rate 7%
$448,486
Cap Rate 9%
$348,822
Alternative Uses
Best Use
Office B
$448.5K
$392.4K – $523.2K
NOI $31,394 @ 7.0% cap · market cap 1,962.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$609.0K
$532.9K – $710.5K
NOI $42,629 @ 7.0% cap · market cap 2,664.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Downtown office suite with multiple private rooms, reception space, storage, and a dedicated restroom.
Where is this office units located?
The property is located at 228 Triangle Street Unit 7 Amherst, MA.
What are key features of this property?
This property features: 1,000 SF second‑floor office condominium; Three private offices plus a conference room; Waiting and reception area with dedicated storage
