Third-Floor Creative
For Sale
Contact for pricing
518 Pleasant St # 12, Northampton, MA 01060
Compact commercial suite with access to Interstate 91 and electricity included in the stated rental terms.
Property Size550 SF
Price / SF$0.91
Days on Market244
Property Features for 518 Pleasant St # 12
General Information
Standard status
Active
Size
550 SF
Property subtype
Commercial
Zoning
GB
Lease Type
Net
Additional Details
Floor
3
Highway Access
Yes
Building Details
Building Size
550 SF
Year Built
1900
Listing Agency:
Taylor Agency
(413) 527-3375
Listed By:
Brian Jarrett · License #452504332
(413) 218-7119
Source:
Churchillprop
Added: Feb 17
Changed: Oct 6
Last Checked: Oct 16 at 5:39AM
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 Taylor Agency
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This third-floor creative space contains 550 square feet within a commercial property built in 1900. The suite is zoned GB and may accommodate an artist studio, office, or other potential uses subject to inquiry.
The property is located at 518 Pleasant St # 12 in Northampton, approximately a half mile from Main St. Interstate 91 is also readily accessible. Electricity is included in the stated rental terms.
The property is located at 518 Pleasant St # 12 in Northampton, approximately a half mile from Main St. Interstate 91 is also readily accessible. Electricity is included in the stated rental terms.
Key Highlights
- 550 square feet of third‑floor commercial space
- Approximately a ½ mile from Main St
- Convenient access to Interstate 91
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,267
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,340
$345.3K
Cap Rate 7%
$246,671
$246.7K
Cap Rate 9%
$191,856
$191.9K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$28.2K $51.36/SF
− Vacancy
−$5.2K −$9.50/SF
EGI
$23.0K $41.86/SF
− OpEx
−$5.8K −$10.46/SF
NOI
$17.3K $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%
$345,340
Cap Rate 7%
$246,671
Cap Rate 9%
$191,856
Alternative Uses
Best Use
Office B
$246.7K
$215.8K – $287.8K
NOI $17,267 @ 7.0% cap · market cap 3,453.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.9K
$293.1K – $390.8K
NOI $23,446 @ 7.0% cap · market cap 4,689.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,093
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Creative space - Compact commercial suite with access to Interstate 91 and electricity included in the stated rental terms.
Where is this creative space located?
The property is located at 518 Pleasant St # 12 Northampton, MA.
What are key features of this property?
This property features: 550 square feet of third‑floor commercial space; Approximately a ½ mile from Main St; Convenient access to Interstate 91
