Office Unit with Open
For Sale
Contact for pricing
48 N Pleasant Street # 301, Amherst, MA 01002
Handicap-accessible office suite with four private offices, conference space, and utilities included.
Property Size2,473 SF
Price / SF$2.33
Days on Market54
Property Features for 48 N Pleasant Street # 301
General Information
Standard status
Active
Size
2,473 SF
Property subtype
Commercial
Zoning
BG
Lease Type
Gross
Building Details
Building Size
2,473 SF
Year Built
1984
Listing Agency:
Delap Real Estate LLC
(413) 586-9111
Listed By:
Patricia Patenaude · License #449000791
(413) 374-1779
Source:
Churchillprop
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 28 at 6:31AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,473-square-foot office unit occupies the front of a 1984 building and combines a reception area with four private offices, including one with a full bathroom. The layout also provides a conference room, storage room, kitchenette, and a large open bullpen. Finished interiors support a professional workplace arrangement with both enclosed and collaborative areas.
The suite is at 48 N Pleasant Street # 301 in downtown Amherst, with views toward downtown and an easterly exposure. The building is handicap accessible, and utilities are included. Office furniture is available for the next tenant. The property is zoned BG.
The suite is at 48 N Pleasant Street # 301 in downtown Amherst, with views toward downtown and an easterly exposure. The building is handicap accessible, and utilities are included. Office furniture is available for the next tenant. The property is zoned BG.
Key Highlights
- 2,473‑square‑foot office unit in a 1984 building
- Four private offices, including one with a full bathroom
- Reception area, conference room, storage room, kitchenette, and open bullpen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,637
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,552,740
$1.6M
Cap Rate 7%
$1,109,100
$1.1M
Cap Rate 9%
$862,633
$862.6K
Market Conditions
NOI Build-Up for 2,473 SF
Gross rent
$127.0K $51.36/SF
− Vacancy
−$23.5K −$9.50/SF
EGI
$103.5K $41.86/SF
− OpEx
−$25.9K −$10.46/SF
NOI
$77.6K $31.39/SF
Area
Hampshire County, MA
Vacancy
18.50%
Lease Rate
$51.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,552,740
Cap Rate 7%
$1,109,100
Cap Rate 9%
$862,633
Alternative Uses
Best Use
Office B
$1.11M
$970.5K – $1.29M
NOI $77,637 @ 7.0% cap · market cap 1,345.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,421 @ 7.0% cap · market cap 1,827.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,172
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Handicap-accessible office suite with four private offices, conference space, and utilities included.
Where is this office unit located?
The property is located at 48 N Pleasant Street # 301 Amherst, MA.
What are key features of this property?
This property features: 2,473‑square‑foot office unit in a 1984 building; Four private offices, including one with a full bathroom; Reception area, conference room, storage room, kitchenette, and open bullpen
