Industrial Flex
For Sale
Contact for pricing
420 Race St, Holyoke, MA 01040
IG-zoned property with adaptable studio and warehouse configurations.
Property Size22,883 SF
Days on Market49
Property Features for 420 Race St
General Information
Standard status
Active
Size
22,883 SF
Property subtype
Commercial
Zoning
IG
Taxes and HOA fees
Annual Taxes
$10,219
Building Details
Building Size
22,883 SF
Year Built
1900
Listing Agency:
SR Commercial Realty
(413) 459-4535
Listed By:
Zaisha Robert
(413) 557-4846
Source:
Churchillprop
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 19 at 4:06AM
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 SR Commercial Realty
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Investment Insights
Based on property information with market context.
Located at 420 Race St in Holyoke, this 23,432 SF commercial property combines studio and warehouse space within a flexible industrial setting. The layout includes smaller studio areas along with warehouse sections that can be divided to suit different operational requirements. Available warehouse configurations range from 1,000 to 9,000 square feet, while studio areas begin at a few hundred square feet.
The property was built in 1900 and carries IG zoning. Its Holyoke location provides access to major transportation routes and nearby amenities. The adaptable configuration supports businesses seeking either creative workspace or warehouse capacity, with layouts that can be customized to accommodate changing needs.
The property was built in 1900 and carries IG zoning. Its Holyoke location provides access to major transportation routes and nearby amenities. The adaptable configuration supports businesses seeking either creative workspace or warehouse capacity, with layouts that can be customized to accommodate changing needs.
Key Highlights
- 23,432 SF commercial property at 420 Race St, Holyoke, MA 01040
- IG zoning
- Warehouse sections range from 1,000 to 9,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,144
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,502,880
$2.5M
Cap Rate 7%
$1,787,771
$1.8M
Cap Rate 9%
$1,390,489
$1.4M
Market Conditions
NOI Build-Up for 23,432 SF
Gross rent
$191.2K $8.16/SF
− Vacancy
−$12.4K −$0.53/SF
EGI
$178.8K $7.63/SF
− OpEx
−$53.6K −$2.29/SF
NOI
$125.1K $5.34/SF
Area
Hampden County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,502,880
Cap Rate 7%
$1,787,771
Cap Rate 9%
$1,390,489
Alternative Uses
Best Use
Office B
$10.62M
$9.29M – $12.39M
NOI $743,507 @ 7.0% cap · market cap 14,870,140.00%
Second Best
Flex RnD
$4.30M
$3.76M – $5.02M
NOI $301,022 @ 7.0% cap · market cap 6,020,440.00%
Theoretical Best
Office A
$14.44M
$12.64M – $16.85M
NOI $1,010,913 @ 7.0% cap · market cap 20,218,260.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,463
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01040, MA
38,238
Population
17,057
Households
2.2
Avg Household Size
39
Median Age
24%
College-Educated
79%
High-School Grad
21.2 sq mi
ZIP Area
1,804
Density / Sq Mi
$51,892
Median Household Income
$41,801
Median Earnings
$1,016
Median Rent
$255,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Blue Door Gatherings — 400 Dwight St, Holyoke, MA 01040
Frequently Asked Questions
What type of property is this?
Flex space - IG-zoned property with adaptable studio and warehouse configurations.
Where is this flex space located?
The property is located at 420 Race St Holyoke, MA.
What are key features of this property?
This property features: 23,432 SF commercial property at 420 Race St, Holyoke, MA 01040; IG zoning; Warehouse sections range from 1,000 to 9,000 square feet
