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    41 Russell St Hadley, MA 01035

    • Retail properties
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 41 Russell St

    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional commercial property, located within the Hampton Inn Village Shops, offers multiple spaces ideal for a variety of businesses. Three distinct units are currently available, ranging in size from 1,000 square feet to 9,000 square feet. The property is classified as both retail and office space, making it suitable for a wide range of uses, including medical offices and traditional office spaces. The largest space, previously occupied by Whole Children, offers a substantial 9,000 square feet, while a 2,200 square foot unit was formerly home to Off the Wall Games, and a smaller 1,000 square foot space was a yoga studio. This prime location boasts high visibility and accessibility, situated on Route 9, a major thoroughfare with an impressive average daily traffic count of approximately 30,000 vehicles. The multiple tenancy structure provides flexibility for various business needs. The property is situated in Hampshire County, offering a strategic location within a thriving community. This presents a unique opportunity for businesses seeking high-traffic exposure and versatile space to establish or expand their operations. The available spaces offer a blend of adaptability and prime location, making them an attractive investment for discerning businesses. Inquire today to learn more about these exceptional commercial spaces.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hadley
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.606
    Latitude
    42.3394

    Comparable in this City

    • Value Estimation
      $270,000
      2,790 SF

      8 Railroad St

      DEPARTMENT STORE • 2,790 SF
      8 Railroad St, Hadley, MA 01035-3558
      View Details
    • Value Estimation
      $380,000
      5,352 SF

      5 Russell St

      DEPARTMENT STORE • 5,352 SF
      5 Russell St, Hadley, MA 01035
      View Details
    • Value Estimation by Request
      13,248 SF

      227 Russell St

      DEPARTMENT STORE • 13,248 SF
      227 Russell St, Hadley, MA 01035-9521
      View Details
    • Value Estimation
      $530,000
      8,800 SF

      451 Russell St

      DEPARTMENT STORE • 8,800 SF
      451 Russell St, Hadley, MA 01035-9578
      View Details
    • Value Estimation by Request
      4,680 SF

      360 Russell St

      DEPARTMENT STORE • 4,680 SF
      360 Russell St, Hadley, MA 01035-9538
      View Details
    • Value Estimation by Request
      17,125 SF

      10 Maple St

      DEPARTMENT STORE • 17,125 SF
      10 Maple St, Hadley, MA 01035-9736
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      11,200 SF

      Hampton Inn Village Shops Spaces

      Retail & Office Suites Available Now
      41 Russell St, Hadley, MA 01035
      View Details
    • $15 SF/Yr
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      Hadley Retail/Office Space

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      2,539 SF

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      Retail space in a high-traffic area near major colleges.
      379 Russell St, Hadley, MA 01035
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      Russell Street Retail Space Available

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    • $18 SF/Yr
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      Hadley Retail Space Available

      Retail property available for lease in Hadley, Massachusetts.
      48 Russell St, Hadley, MA 01035
      View Details
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    41 Russell St
    Hadley, MA 01035
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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.

    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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