Third-Floor Office
For Sale
Contact for pricing
48 N Pleasant Street # 306, Amherst, MA 01002
Open-plan workspace in a handicap-accessible downtown office building.
Property Size487 SF
Price / SF$2.34
Days on Market938
Property Features for 48 N Pleasant Street # 306
General Information
Standard status
Active
Size
487 SF
Property subtype
Commercial
Zoning
BG
Lease Type
Gross
Building Details
Building Size
487 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: Mar 26, 2024
Changed: Oct 6
Last Checked: Oct 16 at 6:51AM
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
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Investment Insights
Based on property information with market context.
Located on the third floor of a handicap-accessible office building in downtown Amherst, this suite offers a currently open interior that can be configured with private offices or other separated work areas. The property was built in 1984 and carries BG zoning. The suite is identified as 48 N Pleasant Street, unit 306.
Key Highlights
- Third‑floor office suite at 48 N Pleasant Street, unit 306
- Handicap‑accessible building
- Currently configured as one open room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,289
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,780
$305.8K
Cap Rate 7%
$218,414
$218.4K
Cap Rate 9%
$169,878
$169.9K
Market Conditions
NOI Build-Up for 487 SF
Gross rent
$25.0K $51.36/SF
− Vacancy
−$4.6K −$9.50/SF
EGI
$20.4K $41.86/SF
− OpEx
−$5.1K −$10.46/SF
NOI
$15.3K $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%
$305,780
Cap Rate 7%
$218,414
Cap Rate 9%
$169,878
Alternative Uses
Best Use
Office B
$218.4K
$191.1K – $254.8K
NOI $15,289 @ 7.0% cap · market cap 1,341.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.6K
$259.5K – $346.0K
NOI $20,760 @ 7.0% cap · market cap 1,821.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,172
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Open-plan workspace in a handicap-accessible downtown office building.
Where is this office units located?
The property is located at 48 N Pleasant Street # 306 Amherst, MA.
What are key features of this property?
This property features: Third‑floor office suite at 48 N Pleasant Street, unit 306; Handicap‑accessible building; Currently configured as one open room
