NNN Bank Ground
For Sale
Contact for pricing
43 King St, Northampton, MA 01060
Masonry branch with drive-through access and on-site parking in an established downtown setting.
Property Size3,450 SF
Lot Size0.34 Acres
Price / SF$376.81
Days on Market176
Property Features for 43 King St
General Information
Standard status
Active
Size
3,450 SF
Class
A
Total Parking Spaces
16
Lot size
0.34 Acres
Property subtype
Land, Mixed Use, Retail
Zoning
CB-SS
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Redevelopment
Net Operating Income
$45,459
Site & Location
Drive-Thru
Yes
Road Access
Yes
Amenities
multiple curb cuts
on-site parking
Building Details
Year Built
1995
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Tenancy
Single
Construction
masonry
Listing Agency:
SAB Capital
(646) 809-8856
Listed By:
Asher Wenig · License #10301219652
Source:
Crexi
Added: Mar 9
Changed: Aug 30
Last Checked: Aug 30 at 3:51PM
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 SAB Capital
Investment Insights
Based on property information with market context.
The property includes a 3,450-square-foot masonry bank branch constructed in 1995 on a 0.34-acre parcel at 43 King St. in Northampton. M&T Bank occupies the building under an absolute NNN ground lease, and the site includes on-site parking, multiple curb cuts, and a drive-through configuration.
Zoned CB-SS, the property is within Northampton’s Central Business District and supports residential, retail, office, and service uses under the stated form-based code. Building heights may reach 70 feet, with step-backs required above 55 feet. These provisions support consideration of vertical redevelopment, adaptive reuse, or future re-tenanting while the existing bank use remains in place.
The site fronts King Street in downtown Northampton and is adjacent to a planned mixed-income multifamily redevelopment at the former courthouse parcel. The existing lease structure and flexible zoning combine current occupancy with defined redevelopment considerations.
Zoned CB-SS, the property is within Northampton’s Central Business District and supports residential, retail, office, and service uses under the stated form-based code. Building heights may reach 70 feet, with step-backs required above 55 feet. These provisions support consideration of vertical redevelopment, adaptive reuse, or future re-tenanting while the existing bank use remains in place.
The site fronts King Street in downtown Northampton and is adjacent to a planned mixed-income multifamily redevelopment at the former courthouse parcel. The existing lease structure and flexible zoning combine current occupancy with defined redevelopment considerations.
Key Highlights
- Absolute NNN ground lease with M&T Bank
- 3,450‑square‑foot masonry bank branch built in 1995
- 0.34‑acre parcel at 43 King St., Northampton
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,917
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,518,340
$1.5M
Cap Rate 7%
$1,084,529
$1.1M
Cap Rate 9%
$843,522
$843.5K
Market Conditions
NOI Build-Up for 3,450 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$103.5K $30.00/SF
− Vacancy
−$2.3K −$0.66/SF
EGI
$101.2K $29.34/SF
− OpEx
−$25.3K −$7.34/SF
NOI
$75.9K $22.01/SF
Area
Hampshire County, MA
Vacancy
2.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,518,340
Cap Rate 7%
$1,084,529
Cap Rate 9%
$843,522
Alternative Uses
Best Use
Specialty Retail
$1.08M
$949.0K – $1.27M
NOI $75,917 @ 7.0% cap · market cap 5.84%
Second Best
Retail
$1.01M
$885.7K – $1.18M
NOI $70,856 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,069 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,514
Businesses Nearby
Explore this area
Business Placement
Demographics for 01060, MA
14,461
Population
7,875
Households
1.8
Avg Household Size
42
Median Age
69%
College-Educated
95%
High-School Grad
10.9 sq mi
ZIP Area
1,327
Density / Sq Mi
$75,077
Median Household Income
$49,151
Median Earnings
$1,460
Median Rent
$427,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Masonry branch with drive-through access and on-site parking in an established downtown setting.
Where is this nnn property located?
The property is located at 43 King St Northampton, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Absolute NNN ground lease with M&T Bank; 3,450‑square‑foot masonry bank branch built in 1995; 0.34‑acre parcel at 43 King St., Northampton
