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    Multi-Use Industrial Warehouse Title is generated by Realmo AI

    24 Shawmut Avenue, Holyoke, MA 01040

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    For Sale
    $1,500,000

    Warehouse with 2 dock doors, 3 drive-ins, gas forced hot air heat, and a 6,000-lb elevator on 1.31 acres.

    Type:Industrial
    Property size:
    59,132 SF
    Lot size:
    1.31 Acres
    Price / SF:
    $25/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:11 am

    Property Features for 24 Shawmut Avenue

    General Information

    Standard status
    Active
    Size
    59,132 SF
    Lot size
    1.31 Acres
    Property subtype
    Industrial

    Properties For Sale

    at 24 Shawmut Avenue Contact us

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    Listing Contact
    John Reed
    John Reed

    Listing agent John Reed

    Listing office

    Listing date Jun 3, 2026

    Source Cbre

    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 John Reed

    HighLights

    • 59,132 SF warehouse built in 1935 on 1.31 acres
    • Zoned BH and MO with 2 dock doors and 3 drive‑ins
    • 6,000‑lb elevator for material handling
    • Gas forced hot air heating
    • 34 surface parking spaces plus a separate lot, with 3 drive‑ins
    • Convenient access near I‑91 at Exit 15

    Overview

    This multi-use industrial warehouse totals 59,132 SF and sits on 1.31 acres. The property includes 34 surface parking spaces in a separate lot, three drive-in doors, and two dock positions to support a range of material handling needs. Heating is provided by gas forced hot air, and the building was built in 1935. A 6,000-lb elevator is available for moving goods and equipment between levels. Utilities are supported by Holyoke Gas & Electric for both electric service and gas service.

    The property is located close to I-91 at Exit 15, supporting convenient regional access for delivery and distribution operations. Zoning is listed as BH, MO, which should be reviewed in detail for specific tenant and user requirements.

    With loading accommodations, on-site parking, and an in-building elevator, the space can fit users seeking practical industrial functionality rather than purely office-focused arrangements. Prospective buyers should confirm final code compliance and allowable uses under the BH, MO zoning designation for their intended operation.
    Location Intelligence

    Current Use by Public Records

    Mansir Printing LLC Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • New England Archives Center — 624 Hampden St, Holyoke, MA 01040
    • Eastern Micrographics Inc — 624 Hampden St, Holyoke, MA 01041

    Location Insight

    • Map
    • Local Demand
    City
    Holyoke
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6259278
    Latitude
    42.2098181

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    FAQs

    What type of property is this?
    Warehouse - Warehouse with 2 dock doors, 3 drive-ins, gas forced hot air heat, and a 6,000-lb elevator on 1.31 acres.
    Where is this warehouse located?
    The property is located at 24 Shawmut Avenue Holyoke, 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: 59,132 SF warehouse built in 1935 on 1.31 acres; Zoned BH and MO with 2 dock doors and 3 drive‑ins; 6,000‑lb elevator for material handling
    (413) 732-9150
    We can help!
    Listing Contact
    John Reed
    John Reed
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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