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    16 West St Hatfield, MA 01088
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    16 West St Hatfield, MA 01088

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    • Land
    • 1.39 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 16 West St

    Lot size
    1.39 lot acres
    Property type
    Land

    Description

    This 1.39-acre commercial land parcel in West Hatfield, Massachusetts, presents a prime development opportunity. Located at 16 West Street, this property boasts 300 feet of frontage along Route 5, offering excellent visibility and accessibility. Its convenient location is less than a mile from Interstate 91 and just 3 miles from Northampton, ensuring high traffic volume and exposure to a substantial customer base. The site has recently undergone clearing and site preparation, providing a clean slate for new construction. All necessary utilities—town sewer, power, and gas—are readily available at the street. The property's advantageous position offers terrific synergy with neighboring businesses, including the adjacent Hatfield Inn. The asking price is $800,000, with the parcel identified by APN HATF M:0224 B:002. This is a rare chance to acquire a fully prepared commercial lot in a high-traffic area, ideal for a variety of business ventures. The previous structure has been removed, and the lot is scraped and ready for immediate development. This presents a unique opportunity for businesses seeking a strategic location with excellent visibility and convenient access to major transportation routes. The property is zoned for commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hatfield
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.6369
    Latitude
    42.3684

    Comparable in this City

    • Value Estimation
      $3,170,000
      22,936 SF

      4 Ww St

      SHOW ROOM, WAREHOUSE • 22,936 SF
      4 Ww St, West Hatfield, MA 01088-9562
      View Details
    • Value Estimation
      $1,050,000
      13,024 SF

      77 Ww St

      COMMERCIAL (GENERAL) • 13,024 SF
      77 Ww St, West Hatfield, MA 01088-9526
      View Details
    • Value Estimation
      $1,705,000
      16,832 SF

      10 Ww St

      COMMERCIAL CONDOMINUIM • 16,832 SF
      10 Ww St, West Hatfield, MA 01088-9554
      View Details
    • Value Estimation
      $1,740,000
      26,772 SF

      10 Ww St Ste, Unit 2

      COMMERCIAL CONDOMINUIM • 26,772 SF
      10 Ww St Ste, West Hatfield, MA 01088-9544
      View Details
    • Value Estimation by Request
      3,600 SF

      24 Linseed Rd

      SHOW ROOM, WAREHOUSE • 3,600 SF
      24 Linseed Rd, West Hatfield, MA 01088-9505
      View Details
    • Value Estimation by Request
      2,160 SF

      881 Ww St

      SHOW ROOM, WAREHOUSE • 2,160 SF
      881 Ww St, West Hatfield, MA 01088
      View Details
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    Hatfield, MA 01088
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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