Industrial Shop Space with Overhead
For Sale
Contact for pricing
89 Mountainview St, Easthampton, MA 01027
Shop space includes three 10-foot overhead doors, office and storage, plus a paved lot for parking and storage.
Property Size2,304 SF
Lot Size0.79 Acres
Price / SF$173.61
Days on Market106
Property Features for 89 Mountainview St
General Information
Standard status
Active
Size
2,304 SF
Lot size
0.79 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
No
Listing Agency:
Delap Real Estate
(413) 586-9111
Listed By:
Patricia Patenaude · License #449000791
(413) 374-1779
Source:
Moodyscre
Added: Jun 1
Changed: Aug 14
Last Checked: Sep 14 at 12:43PM
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
Investment Insights
Based on property information with market context.
Versatile shop space located in a highway business setting with easy access to major routes. The building is equipped with three 10-foot overhead doors and includes office and storage space to support a range of light industrial and service uses.
The paved 0.79-acre lot provides ample room for parking and additional storage areas. The property is also equipped with an oil/water separator system.
A practical configuration for tenants or owners seeking straightforward shop operations with on-site space for vehicles and materials.
The paved 0.79-acre lot provides ample room for parking and additional storage areas. The property is also equipped with an oil/water separator system.
A practical configuration for tenants or owners seeking straightforward shop operations with on-site space for vehicles and materials.
Key Highlights
- Shop space includes three 10‑foot overhead doors.
- Includes office and storage space.
- 0.79‑acre lot is paved for parking and storage areas.
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
$22,257
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
5.56%
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%
$445,140
$445.1K
Cap Rate 7%
$317,957
$318.0K
Cap Rate 9%
$247,300
$247.3K
Market Conditions
NOI Build-Up for 2,304 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
$34.6K $15.00/SF
− Vacancy
−$2.8K −$1.20/SF
EGI
$31.8K $13.80/SF
− OpEx
−$9.5K −$4.14/SF
NOI
$22.3K $9.66/SF
Area
Hampshire County, MA
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$445,140
Cap Rate 7%
$317,957
Cap Rate 9%
$247,300
Alternative Uses
Best Use
Flex RnD
$1.21M
$1.06M – $1.42M
NOI $84,928 @ 7.0% cap · market cap 21.23%
Second Best
Industrial
$318.0K
$278.2K – $371.0K
NOI $22,257 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,217 @ 7.0% cap · market cap 24.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01027, MA
17,896
Population
9,221
Households
1.9
Avg Household Size
46
Median Age
41%
College-Educated
93%
High-School Grad
40.6 sq mi
ZIP Area
441
Density / Sq Mi
$73,657
Median Household Income
$45,652
Median Earnings
$1,195
Median Rent
$348,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Shop space includes three 10-foot overhead doors, office and storage, plus a paved lot for parking and storage.
Where is this flex space located?
The property is located at 89 Mountainview St Easthampton, MA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Shop space includes three 10‑foot overhead doors.; Includes office and storage space.; 0.79‑acre lot is paved for parking and storage areas.
