Mixed-Use Building with
For Sale
$825,000
4 Park Street, Belchertown, MA 01007
Mixed-use property with two lower-level retail/restaurant spaces and two residential apartments upstairs.
Property Size7,364 SF
Lot Size0.22 Acres
Price / SF$112.03
Days on Market177
Property Features for 4 Park Street
General Information
Standard status
Active
Size
7,364 SF
Lot size
0.22 Acres
Property subtype
Multi-Family
Zoning
LB1
Net Operating Income
$31,200
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,506
Building Details
Building Size
7,364 SF
Year Built
1895
Stories
2
Listing Agency:
Region Commercial
(413) 415-1200
Listed By:
Benjamin Bolotin
(413) 530-3215
Source:
Churchillprop
Added: Apr 26
Changed: Oct 6
Last Checked: Oct 16 at 7:04AM
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 Region Commercial
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Investment Insights
Based on property information with market context.
The property is a mixed-use building on approximately 0.22 acres with about 7,364 square feet of total space. Two commercial tenant spaces are located on the lower level, including Belchertown Discount Liquors and a newly renovated restaurant space. Upstairs, the building offers two residential apartments: one with 2 bedrooms and 2 bathrooms, and another with 2 bedrooms and 1 bathroom.
The property is positioned in the center of Belchertown, just off the Town Common, with municipal parking directly across the street. Local restaurants, Town Hall, and other community services are within walking distance.
This configuration supports combined income from street-level commercial use and upstairs residential units, with parking availability nearby via municipal lots across the property.
The property is positioned in the center of Belchertown, just off the Town Common, with municipal parking directly across the street. Local restaurants, Town Hall, and other community services are within walking distance.
This configuration supports combined income from street-level commercial use and upstairs residential units, with parking availability nearby via municipal lots across the property.
Key Highlights
- Mixed‑use property with two commercial tenant spaces on the lower level
- Upstairs features two residential apartments: one 2 bed/2 bath and one 2 bed/1 bath
- Approximately 7,364 SF total space on roughly 0.22 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,584
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,680
$1.4M
Cap Rate 7%
$1,008,343
$1.0M
Cap Rate 9%
$784,267
$784.3K
Market Conditions
NOI Build-Up for 7,364 SF
Gross rent
$125.5K $17.04/SF
− Vacancy
−$12.5K −$1.70/SF
EGI
$112.9K $15.34/SF
− OpEx
−$42.4K −$5.75/SF
NOI
$70.6K $9.59/SF
Area
Hampshire County, MA
Vacancy
10.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,680
Cap Rate 7%
$1,008,343
Cap Rate 9%
$784,267
Alternative Uses
Best Use
Specialty Retail
$2.31M
$2.03M – $2.70M
NOI $162,045 @ 7.0% cap · market cap 19.64%
Second Best
Retail
$2.16M
$1.89M – $2.52M
NOI $151,242 @ 7.0% cap · market cap 18.33%
Theoretical Best
Office A
$4.48M
$3.92M – $5.23M
NOI $313,918 @ 7.0% cap · market cap 38.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 100%
LOFT
Apparel
1,124 visits/mo
0.1 miles
Demographics for 01007, MA
15,423
Population
6,569
Households
2.3
Avg Household Size
44
Median Age
46%
College-Educated
98%
High-School Grad
54.9 sq mi
ZIP Area
281
Density / Sq Mi
$99,056
Median Household Income
$51,822
Median Earnings
$1,301
Median Rent
$350,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with two lower-level retail/restaurant spaces and two residential apartments upstairs.
Where is this mixed-use property located?
The property is located at 4 Park Street Belchertown, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Mixed‑use property with two commercial tenant spaces on the lower level; Upstairs features two residential apartments: one 2 bed/2 bath and one 2 bed/1 bath; Approximately 7,364 SF total space on roughly 0.22 acres
