Building Details

Buildings 1

Building Size 2,180 SF

Listing Agency: The Murphys REALTORS, Inc. Show Phone

Listed By: David A Murphy · License #449000181 Show Phone

Source: Exprealty

Added: Oct 8 Changed: Oct 15 Last Checked: Oct 15 at 2:12AM

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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.

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Investment Insights

Based on property information with market context.

This renovated 2,180-square-foot auto shop includes two heated garage bays. The larger 1,200-square-foot bay has three 10-by-12-foot overhead doors; a second 630-square-foot bay has one overhead door. A modern office with a full bath is heated and cooled by mini-split systems. Parking and a 12-by-40-foot covered equipment storage area attached to the rear round out the property’s on-site features.

The building is on West Street at the Hatfield–Whatley town line, with access to Interstate 91.

Key Highlights

• Renovated 2,180‑square‑foot auto shop
• Heated 1,200‑square‑foot bay with three 10‑by‑12‑foot overhead doors
• Second heated bay measures 630 square feet and has one overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,773

Cap Rate

6.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$895,460 $895.5K

Cap Rate 7%

$639,614 $639.6K

Cap Rate 9%

$497,478 $497.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,180 SF

Gross rent

$65.4K $30.00/SF

− Vacancy

−$1.4K −$0.66/SF

EGI

$64.0K $29.34/SF

− OpEx

−$19.2K −$8.80/SF

NOI

$44.8K $20.54/SF

Area

Hampshire County, MA

Vacancy

2.20%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$895,460

Cap Rate 7%

$639,614

Cap Rate 9%

$497,478

Alternative Uses

Best Use

Retail

$639.6K

$559.7K – $746.2K (±1% cap)

NOI $44,773 @ 7.0% cap · market cap 6.41%

Second Best

Industrial

$300.8K

$263.2K – $351.0K (±1% cap)

NOI $21,059 @ 7.0% cap · market cap 3.01%

Theoretical Best

Office A

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $92,931 @ 7.0% cap · market cap 13.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Plumbing Service Auto Parts Store Garden Center HVAC Service Auto Repair Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Drive-in doors

2

Service bays

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Auto shop - Two heated work bays, an office with a full bath, and covered equipment storage support a range of automotive operations.

Where is this auto shop located?

The property is located at 359 West St North 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: Renovated 2,180‑square‑foot auto shop; Heated 1,200‑square‑foot bay with three 10‑by‑12‑foot overhead doors; Second heated bay measures 630 square feet and has one overhead door