Flex Space with Heated
New
For Sale
$698,900
359 West Street, Hatfield, MA 01093
A renovated service-oriented property combines garage workspace, a separate office, and covered equipment storage.
Property Size2,180 SF
Price / SF$320.60
Days on Market6
Property Features for 359 West Street
General Information
Standard status
Active
Size
2,180 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
4
Building Details
Year Built
1940
Buildings
1
Building Size
2,180 SF
Listing Agency:
The Murphys REALTORS,Inc.
Listed By:
David A Murphy · License #449000181
(413) 584-5700
Source:
Taylorrealtors
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 11 at 9:13AM
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 The Murphys REALTORS,Inc.
Investment Insights
Based on property information with market context.
This renovated 2,180-square-foot flex property includes two heated garage bays: a 1,200-square-foot bay with three 10-by-12-foot overhead doors and a 630-square-foot bay with one overhead door. A modern office area has a full bathroom and mini-split heating and cooling. A 12-by-40-foot covered equipment storage area is attached at the rear, and parking is available on site.
The property is at 359 West Street in Hatfield, near the Hatfield–Whatley town line, with access to Interstate 91. The building was constructed in 1940.
The property is at 359 West Street in Hatfield, near the Hatfield–Whatley town line, with access to Interstate 91. The building was constructed in 1940.
Key Highlights
- 2,180‑square‑foot renovated flex building
- Heated 1,200‑square‑foot garage bay with three 10x12‑foot overhead doors
- Separate heated 630‑square‑foot bay with one overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,059
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,180
$421.2K
Cap Rate 7%
$300,843
$300.8K
Cap Rate 9%
$233,989
$234.0K
Market Conditions
NOI Build-Up for 2,180 SF
Gross rent
$32.7K $15.00/SF
− Vacancy
−$2.6K −$1.20/SF
EGI
$30.1K $13.80/SF
− OpEx
−$9.0K −$4.14/SF
NOI
$21.1K $9.66/SF
Area
Hampshire County, MA
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,180
Cap Rate 7%
$300,843
Cap Rate 9%
$233,989
Alternative Uses
Best Use
Flex RnD
$1.15M
$1.00M – $1.34M
NOI $80,357 @ 7.0% cap · market cap 11.50%
Second Best
Industrial
$300.8K
$263.2K – $351.0K
NOI $21,059 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,931 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01093, MA
290
Population
101
Households
2.9
Avg Household Size
50
Median Age
47%
College-Educated
100%
High-School Grad
4.3 sq mi
ZIP Area
67
Density / Sq Mi
$86,563
Median Earnings
$425,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - A renovated service-oriented property combines garage workspace, a separate office, and covered equipment storage.
Where is this flex space located?
The property is located at 359 West Street Hatfield, MA.
What is the asking price?
The asking price for this property is $698,900.
What are key features of this property?
This property features: 2,180‑square‑foot renovated flex building; Heated 1,200‑square‑foot garage bay with three 10x12‑foot overhead doors; Separate heated 630‑square‑foot bay with one overhead door
