Flex Warehouse with
For Sale
Contact for pricing
232 N King St, Northampton, MA 01060
Multi-use building combines showroom, offices, warehouse, and shop space, offered as a sale-leaseback with an existing tenant.
Property Size16,075 SF
Lot Size1.55 Acres
Price / SF$167.96
Days on Market137
Property Features for 232 N King St
General Information
Standard status
Active
Size
16,075 SF
Lot size
1.55 Acres
Property subtype
INDUSTRIAL
Additional Details
Cap Rate
7%
Traffic Count
11,854 vehicles/day
Listing Agency:
CBRE | Hartford
(860) 525-9171
Listed By:
John Reed, SIOR
(860) 559-1562
Source:
Moodyscre
Added: Jun 4
Changed: Oct 2
Last Checked: Oct 16 at 11:19AM
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
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Investment Insights
Based on property information with market context.
This 16,075 SF building is being offered for sale and includes showroom, office, warehouse, and shop areas. The property provides a mixed-use industrial configuration designed to support both customer-facing space and operational back-of-house functions.
The asset is located at 232 N King St in Northampton, MA. Publicly stated traffic is 11,854 VPD, which can support visibility for showroom and retail-style front areas. The offering is described as a sale leaseback, and ownership is willing to negotiate the terms of the transaction. Utilities are noted as public.
As presented, the transaction is structured with a 7-year term and an existing tenant, MOMs of Northampton. The financial information provided includes NOI of $189,000 and a stated cap rate of 7%. For buyers and operators evaluating flexible industrial space with integrated office and showroom components, this layout offers functional separation between customer-facing areas and warehouse and shop uses while remaining within a single building footprint.
The asset is located at 232 N King St in Northampton, MA. Publicly stated traffic is 11,854 VPD, which can support visibility for showroom and retail-style front areas. The offering is described as a sale leaseback, and ownership is willing to negotiate the terms of the transaction. Utilities are noted as public.
As presented, the transaction is structured with a 7-year term and an existing tenant, MOMs of Northampton. The financial information provided includes NOI of $189,000 and a stated cap rate of 7%. For buyers and operators evaluating flexible industrial space with integrated office and showroom components, this layout offers functional separation between customer-facing areas and warehouse and shop uses while remaining within a single building footprint.
Key Highlights
- 16,075 SF multi‑use building with showroom, office, warehouse, and shop space
- 1.55‑acre site with public utilities
- Offered as a sale‑leaseback with existing tenant MOMs of Northampton
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,718
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Lease Details
11,854 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,131
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- The Valley Bowl-personal chef service — Main St, Northampton, MA 01060
- Myers Catering — northampton, ma 01060
- BerkShore — 238 Bridge St, Northampton, MA 01060
Frequently Asked Questions
What type of property is this?
Flex space - Multi-use building combines showroom, offices, warehouse, and shop space, offered as a sale-leaseback with an existing tenant.
Where is this flex space located?
The property is located at 232 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: 16,075 SF multi‑use building with showroom, office, warehouse, and shop space; 1.55‑acre site with public utilities; Offered as a sale‑leaseback with existing tenant MOMs of Northampton
