Salon Suite with Private
New
For Sale
Contact for pricing
234 Lyman Street, Holyoke, MA 01040
An open-plan interior includes dedicated storage and central air conditioning.
Property Size600 SF
Price / SF$2.83
Days on Market6
Property Features for 234 Lyman Street
General Information
Standard status
Active
Size
600 SF
Property subtype
Commercial
Amenities
private restroom
dedicated storage room
central air conditioning
large storefront windows
Building Details
Year Built
1987
Listing Agency:
Coldwell Banker Realty - Andovers/Readings Regional
(978) 475-2201
Listed By:
Sean Harris
(609) 582-7591
Source:
Lockandkeyre
Added: Oct 27
Changed: Oct 31
Last Checked: Nov 1 at 4:24AM
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 Coldwell Banker Realty - Andovers/Readings Regional
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 600-square-foot suite has an open interior, a private restroom, a separate storage room, and central air conditioning. Storefront windows bring natural light into the space, while exterior signage opportunities provide a way to identify the business. The layout previously served a hair salon and can accommodate more than five styling stations. The building dates to 1987.
At 234 Lyman Street in Holyoke, the space sits in a neighborhood business district near a pizza shop, laundry facility, and tax service office. Its existing configuration supports salon and barber services, as well as other service-oriented or retail uses.
At 234 Lyman Street in Holyoke, the space sits in a neighborhood business district near a pizza shop, laundry facility, and tax service office. Its existing configuration supports salon and barber services, as well as other service-oriented or retail uses.
Key Highlights
- Approximately 600+ sq. ft. with capacity for 5+ styling stations
- Open layout with a private restroom and separate storage room
- Central air conditioning and large storefront windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,858
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,160
$197.2K
Cap Rate 7%
$140,829
$140.8K
Cap Rate 9%
$109,533
$109.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$14.4K $24.00/SF
− Vacancy
−$317 −$0.53/SF
EGI
$14.1K $23.47/SF
− OpEx
−$4.2K −$7.04/SF
NOI
$9.9K $16.43/SF
Area
Hampden County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$197,160
Cap Rate 7%
$140,829
Cap Rate 9%
$109,533
Alternative Uses
Best Use
Retail
$140.8K
$123.2K – $164.3K
NOI $9,858 @ 7.0% cap · market cap 579.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.8K
$323.6K – $431.4K
NOI $25,885 @ 7.0% cap · market cap 1,522.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,212
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 13%
Electronics 8%
McDonald's
Dining
21,799 visits/mo
0.4 miles
Circle K
Shops & Services
4,140 visits/mo
0.4 miles
Domino's Pizza
Dining
2,723 visits/mo
0.4 miles
Boost Mobile
Electronics
1,498 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,006 visits/mo
0.4 miles
Demographics for 01040, MA
38,238
Population
17,057
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
1,804
Density / Sq Mi
$51,892
Median Household Income
$41,801
Median Earnings
$1,016
Median Rent
$255,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Spa & wellness property - An open-plan interior includes dedicated storage and central air conditioning.
Where is this spa & wellness property located?
The property is located at 234 Lyman Street Holyoke, MA.
What are key features of this property?
This property features: Approximately 600+ sq. ft. with capacity for 5+ styling stations; Open layout with a private restroom and separate storage room; Central air conditioning and large storefront windows
