Office Unit with Private
For Sale
Contact for pricing
383 College Street, Amherst, MA 01002
Accessible office suite with a reception area, enclosed workspaces, and an open bullpen layout.
Property Size900 SF
Price / SF$1.50
Days on Market948
Property Features for 383 College Street
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Zoning
Comm
Lease Type
NNN
Additional Details
Anchor Co-Tenants
Florence Savings Bank
Amenities
handicap accessible
private restroom
Building Details
Building Size
900 SF
Year Built
2002
Listing Agency:
Delap Real Estate LLC
(413) 586-9111
Listed By:
Patricia Patenaude · License #449000791
(413) 374-1779
Source:
Churchillprop
Added: Mar 14, 2024
Changed: Oct 6
Last Checked: Oct 16 at 7:01AM
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 Delap Real Estate LLC
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Investment Insights
Based on property information with market context.
Office space within Amherst Crossing, a commercial plaza anchored by Florence Savings Bank. The existing layout provides a reception and waiting area, a private office or conference room, and an open bullpen/workroom arrangement. The suite is handicap accessible and includes a private restroom.
Located at 383 College Street in Amherst, Massachusetts, the property was built in 2002 and is offered for sale. The configuration supports a range of office operations requiring a mix of client-facing, private, and shared work areas.
Located at 383 College Street in Amherst, Massachusetts, the property was built in 2002 and is offered for sale. The configuration supports a range of office operations requiring a mix of client-facing, private, and shared work areas.
Key Highlights
- Office unit at Amherst Crossing
- Reception and waiting area included
- Private office or conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,484
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,680
$369.7K
Cap Rate 7%
$264,057
$264.1K
Cap Rate 9%
$205,378
$205.4K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$27.0K $30.00/SF
− Vacancy
−$594 −$0.66/SF
EGI
$26.4K $29.34/SF
− OpEx
−$7.9K −$8.80/SF
NOI
$18.5K $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%
$369,680
Cap Rate 7%
$264,057
Cap Rate 9%
$205,378
Alternative Uses
Best Use
Office B
$403.6K
$353.2K – $470.9K
NOI $28,254 @ 7.0% cap · market cap 2,092.89%
Second Best
Retail
$264.1K
$231.1K – $308.1K
NOI $18,484 @ 7.0% cap · market cap 1,369.19%
Theoretical Best
Office A
$548.1K
$479.6K – $639.4K
NOI $38,366 @ 7.0% cap · market cap 2,841.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 01002, MA
27,558
Population
11,089
Households
2.5
Avg Household Size
30
Median Age
74%
College-Educated
97%
High-School Grad
53.3 sq mi
ZIP Area
517
Density / Sq Mi
$69,411
Median Household Income
$22,570
Median Earnings
$1,561
Median Rent
$449,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Accessible office suite with a reception area, enclosed workspaces, and an open bullpen layout.
Where is this office units located?
The property is located at 383 College Street Amherst, MA.
What are key features of this property?
This property features: Office unit at Amherst Crossing; Reception and waiting area included; Private office or conference room
