Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    420 Race St Holyoke, MA 1040

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile spaces for creative, commercial, or industrial use.

    Type:Industrial
    Added:
    Oct 16, 2023
    Days on Market:
    914
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 420 Race St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at 420 Race St Contact us

    Suite 2205 $11 /Mo

    Size
    462 SF
    Type
    Industrial
    Contact us

    Suite 2103 $11 /Mo

    Size
    2,050 SF
    Type
    Industrial
    Contact us

    Suite 1304 $11 /Mo

    Size
    918 SF
    Type
    Industrial
    Contact us

    Suite 1302 $11 /Mo

    Size
    730 SF
    Type
    Industrial
    Contact us

    Suite 2104 $11 /Mo

    Size
    888 SF
    Type
    Industrial
    Contact us

    Suite 2105 $11 /Mo

    Size
    2,050 SF
    Type
    Industrial
    Contact us

    Suite BAS1001 $11 /Mo

    Size
    434 SF
    Type
    Industrial
    Contact us

    Garage Space $12 /Mo

    Size
    1,360 SF
    Type
    Industrial
    Contact us

    Suite 2106 $11 /Mo

    Size
    2,050 SF
    Type
    Industrial
    Contact us

    Suite 1203 $11 /Mo

    Size
    1,070 SF
    Type
    Industrial
    Contact us

    Available Space 1 $5 /Mo

    Size
    9,000 SF
    Type
    Industrial
    9,000 sq ft industrial/warehouse space on Race Street available for $3,750/month...
    show more
    Contact us

    Available Space 6 $9 /Mo

    Size
    2,500 SF
    Type
    Industrial
    Ownership is willing to build out a bathroom upon lease execution, offering added...
    show more
    Contact us

    Suite 1103 $11 /Mo

    Size
    110 SF
    Type
    Industrial
    Contact us

    Suite 2102 $11 /Mo

    Size
    2,050 SF
    Type
    Industrial
    Contact us
    Show more

    We can help!

    Listing Contact
    Jeremy Casey

    Listing agent Jeremy Casey License #9585695

    Listing office SR Commercial Realty

    Listing date Oct 16, 2023

    Source Crexi

    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

    Overview

    Holyoke Warehouse and Studio Spaces

    Located at 420 Race St in Holyoke, this property offers versatile warehouse and studio spaces suitable for creative, commercial, or industrial use. The layouts are flexible, allowing businesses and artists to customize and expand their space. The property is situated within Holyoke’s commercial community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Creative space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • E-Z Storage — 623 S Summer St, Holyoke, MA 01040
    • ABC Storage — 621 S Canal St, Holyoke, MA 01040
    • Race Street Properties LLC — 460 Race St B, Holyoke, MA 01040
    • Pioneer Moving & Home Services — 939 Chicopee St Building 4 Building 4, Chicopee, MA 01013
    • CubeSmart Self Storage — 475 Canal St, Holyoke, MA 01040

    Location Insight

    • Map
    • Local Demand
    City
    Holyoke
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6093889
    Latitude
    42.1986068

    Nearby Similar for Lease

    • $10/mo

      Versatile Commercial Space in Holyoke

      Centrally located mixed-use property with flexible lease terms.
      107 Lyman St, Holyoke, MA 01040
      View Details
    • $13/mo

      Second Floor Studio Space

      5,000 SF studio space with easy highway access.
      92 Race St, Holyoke, MA 01040
      View Details
    • Contact for pricing

      Historic Flex Space for Rent

      Flex space in historic building near transportation and amenities.
      80 Race St 204, Holyoke, MA 01040
      View Details
    • $4/mo

      Holyoke Industrial Building For Lease

      300,000 SF industrial building with ground floor spaces available.
      11 Berkshire Street, Holyoke, MA 01040
      View Details
    • $3/mo

      Industrial Space Near I-391

      44,700 SF industrial space for lease near I-391.
      110 Winter Street, Holyoke, MA 01040
      View Details
    • Contact for pricing

      Holyoke Warehouse/Manufacturing Space For Lease

      24,938 SF warehouse/manufacturing space near I-391.
      620 Beaulieu Street, Holyoke, MA 01040
      View Details
    • $13/mo

      Ballroom on High Street

      1780 sq ft retail space with bar and bathrooms.
      120 High St Holyoke, MA 01040, Holyoke, MA 01040
      View Details
    • $13/mo

      Ballroom on High Street

      1780 sq ft retail space with bar and bathrooms.
      120 High St Holyoke, MA 01040, Holyoke, MA 01040
      View Details
    • $23/mo

      Class A Office Space Available

      Executive office park with flexible floor plans and highway access.
      330 Whitney Ave, Holyoke, MA
      View Details
    • Contact for pricing

      Retail Space in Holyoke Center

      Retail space available in a busy Holyoke shopping center.
      2203-2295 Northampton St, Holyoke, MA
      View Details
    • Contact for pricing

      Retail Space on High Street

      Retail space available for lease in Holyoke, Massachusetts.
      141-147 High St, Holyoke, MA
      View Details
    • $5/mo

      Industrial Space Available for Rent

      416 square feet of industrial space for lease.
      420-432 Race St, Holyoke, MA
      View Details

    FAQs

    What type of property is this?
    Warehouse - Versatile spaces for creative, commercial, or industrial use.
    Where is this warehouse located?
    The property is located at 420 Race St Holyoke, MA.
    What are key features of this property?
    This property features: Versatile warehouse and studio spaces suitable for creative, commercial, or industrial use.; Flexible layouts allowing for customization and growth.; Located in Holyoke's thriving commercial community.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeremy Casey
    Real Estate License ID: 9585695
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!