Leased Mixed-Use
For Sale
$699,000
52 Maple St, Northampton, MA 01062
Fully leased building combining first-floor office space with two one-bedroom apartments, solar power, storage, and on-site parking.
Property Size3,600 SF
Price / SF$194.17
Days on Market52
Property Features for 52 Maple St
General Information
Standard status
Active
Size
3,600 SF
Occupancy
100%
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Amenities
solar array
mini split heating/cooling
storage shed
Building Details
Year Built
1922
Buildings
1
Tenancy
Multi
Listing Agency:
Brick & Mortar
Listed By:
Greg Stutsman
Source:
Alpernandmesenbourg
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 25 at 3:57AM
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 Brick & Mortar
Investment Insights
Based on property information with market context.
This 3,600-square-foot mixed-use property, constructed in 1922, is fully leased with office space occupying the first floor and two large one-bedroom apartments above. The residential units benefit from mini-split heating and cooling, while the building also includes rear-shed storage and on-site parking.
An owned 10kW solar array adds an on-site energy feature, and the north-side roof was replaced in 2022. Located on Maple Street in Northampton, the property combines commercial and residential occupancy within a two-story configuration.
An owned 10kW solar array adds an on-site energy feature, and the north-side roof was replaced in 2022. Located on Maple Street in Northampton, the property combines commercial and residential occupancy within a two-story configuration.
Key Highlights
- Fully leased mixed‑use building with first‑floor office space and two second‑floor one‑bedroom apartments
- 3,600‑square‑foot building constructed in 1922
- Owned 10kW solar array
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
$47,551
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
6.80%
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%
$951,020
$951.0K
Cap Rate 7%
$679,300
$679.3K
Cap Rate 9%
$528,344
$528.3K
Market Conditions
NOI Build-Up for 3,600 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
$90.7K $25.20/SF
− Vacancy
−$4.3K −$1.18/SF
EGI
$86.5K $24.02/SF
− OpEx
−$38.9K −$10.81/SF
NOI
$47.6K $13.21/SF
Area
Hampshire County, MA
Vacancy
4.70%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$951,020
Cap Rate 7%
$679,300
Cap Rate 9%
$528,344
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.88M
NOI $113,018 @ 7.0% cap · market cap 16.17%
Second Best
Apartment 5plus
$679.3K
$594.4K – $792.5K
NOI $47,551 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,464 @ 7.0% cap · market cap 21.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 01062, MA
10,910
Population
4,481
Households
2.4
Avg Household Size
49
Median Age
52%
College-Educated
94%
High-School Grad
17.5 sq mi
ZIP Area
623
Density / Sq Mi
$87,800
Median Household Income
$49,979
Median Earnings
$1,016
Median Rent
$389,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased building combining first-floor office space with two one-bedroom apartments, solar power, storage, and on-site parking.
Where is this mixed-use property located?
The property is located at 52 Maple St Northampton, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Fully leased mixed‑use building with first‑floor office space and two second‑floor one‑bedroom apartments; 3,600‑square‑foot building constructed in 1922; Owned 10kW solar array
