Second-Floor Office
For Sale
Contact for pricing
228 Triangle Street Unit 8, Amherst, MA 01002
Two-room layout with a private restroom and off-street parking.
Property Size500 SF
Price / SF$1.60
Days on Market94
Property Features for 228 Triangle Street Unit 8
General Information
Standard status
Active
Size
500 SF
Property subtype
Commercial
Additional Details
Floor
2
Building Details
Year Built
1984
Listed By:
Pat Patenaude
(413) 374-1779
Source:
Delaprealestate
Added: Jul 19
Changed: Oct 19
Last Checked: Oct 19 at 8:55AM
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 500-square-foot office condominium occupies the second floor of a building constructed in 1984. The interior is arranged as two large rooms with a restroom, providing a straightforward configuration for office use.
The property is located at 228 Triangle Street, Unit 8, in downtown Amherst. Off-street parking is available at the building. The adjacent suite may be combined with this unit for a total of 1,500 square feet, subject to the related listing details.
The property is located at 228 Triangle Street, Unit 8, in downtown Amherst. Off-street parking is available at the building. The adjacent suite may be combined with this unit for a total of 1,500 square feet, subject to the related listing details.
Key Highlights
- 500 SF office condominium on the second floor
- Two large rooms and one restroom
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,697
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,940
$313.9K
Cap Rate 7%
$224,243
$224.2K
Cap Rate 9%
$174,411
$174.4K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$25.7K $51.36/SF
− Vacancy
−$4.8K −$9.50/SF
EGI
$20.9K $41.86/SF
− OpEx
−$5.2K −$10.46/SF
NOI
$15.7K $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%
$313,940
Cap Rate 7%
$224,243
Cap Rate 9%
$174,411
Alternative Uses
Best Use
Office B
$224.2K
$196.2K – $261.6K
NOI $15,697 @ 7.0% cap · market cap 1,962.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.5K
$266.4K – $355.2K
NOI $21,314 @ 7.0% cap · market cap 2,664.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,128
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two-room layout with a private restroom and off-street parking.
Where is this office unit located?
The property is located at 228 Triangle Street Unit 8 Amherst, MA.
What are key features of this property?
This property features: 500 SF office condominium on the second floor; Two large rooms and one restroom; Off‑street parking
