Gas Station with Convenience
New
For Sale
Contact for pricing
237 King Street, Northampton, MA 01060
A Highway Business-zoned parcel on King Street includes an existing convenience-store building.
Property Size2,460 SF
Lot Size0.64 Acres
Price / SF$609.76
Days on Market6
Property Features for 237 King Street
General Information
Standard status
Active
Size
2,460 SF
Lot size
0.64 Acres
Property subtype
Retail
Zoning
HB
Site & Location
Traffic Count
17,600 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2001
Buildings
1
Listing Agency:
Matthews Commercial Properties LLC
Listed By:
Noah Matthews · License #CT REB.0792777
(203) 721-3337
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:58PM
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 Matthews Commercial Properties LLC
Investment Insights
Based on property information with market context.
This former Speedway/Hess property has a 2,460-SF convenience-store building constructed in 2001. The site covers 0.637 acres and has 186 feet of frontage along King Street, also designated U.S. Route 5. Highway Business zoning applies; commercial uses are subject to municipal and regulatory approvals.
The property is across from Stop & Shop and next to Walgreens and McDonald’s. Interstate 91 access is nearby, and the stated traffic count is approximately 17,600 vehicles per day. The site was previously used as a gas station and convenience-store location.
The property is across from Stop & Shop and next to Walgreens and McDonald’s. Interstate 91 access is nearby, and the stated traffic count is approximately 17,600 vehicles per day. The site was previously used as a gas station and convenience-store location.
Key Highlights
- 2,460‑SF convenience‑store building constructed in 2001
- 0.637‑acre parcel with 186 feet of frontage on King Street/U.S. Route 5
- Highway Business zoning; uses require applicable municipal and regulatory approvals
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,082,640
$1.1M
Cap Rate 7%
$773,314
$773.3K
Cap Rate 9%
$601,467
$601.5K
Market Conditions
NOI Build-Up for 2,460 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$73.8K $30.00/SF
− Vacancy
−$1.6K −$0.66/SF
EGI
$72.2K $29.34/SF
− OpEx
−$18.0K −$7.34/SF
NOI
$54.1K $22.01/SF
Area
Hampshire County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,082,640
Cap Rate 7%
$773,314
Cap Rate 9%
$601,467
Alternative Uses
Best Use
Specialty Retail
$773.3K
$676.7K – $902.2K
NOI $54,132 @ 7.0% cap · market cap 3.61%
Second Best
Retail
$721.8K
$631.5K – $842.1K
NOI $50,523 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,867 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
17,600 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,131
Businesses Nearby
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - A Highway Business-zoned parcel on King Street includes an existing convenience-store building.
Where is this gas station located?
The property is located at 237 King Street Northampton, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2,460‑SF convenience‑store building constructed in 2001; 0.637‑acre parcel with 186 feet of frontage on King Street/U.S. Route 5; Highway Business zoning; uses require applicable municipal and regulatory approvals
