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    50 State St Belchertown, MA 01007
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    50 State St Belchertown, MA 01007

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

    Current Use by Public Records

    • Land

    Property Details for 50 State St

    Lot size
    16.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 16-acre industrial land parcel presents a unique development opportunity in Belchertown, Massachusetts. Located in the Carriage Grove master-planned mixed-use development, this property boasts convenient access to major transportation arteries, including Route 202, Route 21, Route 9, and I-90 (10 miles). The site is zoned BNC and offers utilities (water, sewer, and electricity) already stubbed to the lot, streamlining the development process. Carriage Grove provides a thriving community setting with nearby amenities such as Dunkin', Ace Hardware, schools, and a safety complex. This prime location offers seamless connectivity and is ideal for businesses seeking to establish a new presence or expand existing operations. The property is part of a larger development including senior living, multi-family residential, commercial, and retail components, ensuring a vibrant and growing surrounding area. This is an unparalleled opportunity to capitalize on the growth potential of this strategically located industrial land. The site is ready for immediate development, offering significant advantages for businesses seeking a well-connected and amenity-rich location in Western Massachusetts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Belchertown
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.415
    Latitude
    42.2745

    Comparable in this City

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      40.72 Acres

      Cordner Rd

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      13.60 Acres

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      1.98 Acres

      463 Gulf Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 1.98 Acres
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    • Value Estimation by Request
      752 SF

      336 Chauncey Walker St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 752 SF
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    • Value Estimation by Request
      7.73 Acres

      37 Cottage St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 7.73 Acres
      37 Cottage St, Belchertown, MA 01007-9666
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      Belchertown Land For Sale

      Land available for sale in Belchertown, Massachusetts.
      50 State St, Belchertown, MA 01007
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    • $195,000
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      Belchertown Land with Panoramic Views

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      Belchertown Light Industrial Land Available

      12+/- acres of light industrial land in mixed-use development.
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      Belchertown Medical Office Building

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      21,432 SF

      Belchertown Office Building For Sale

      21,292 SF office building available in Belchertown, MA.
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    • $1,300,000
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      Downtown Belchertown Office Building

      14,336 SF office building in vibrant downtown Belchertown.
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    Similar Nearby for Lease

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      Belchertown Office Space For Rent

      Second floor office unit with two private offices available.
      37-C Main St, Belchertown, MA 01007
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      Belchertown Office Space For Rent

      Second-floor office unit with reception area and two private offices.
      37-C Main St, Belchertown, MA 01007
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      Belchertown Office Unit For Rent

      Second-floor office unit with reception, office, and storage.
      37-D Main St, Belchertown, MA 01007
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    • Contact for pricing
      1,000 SF

      Belchertown Office Space For Rent

      First floor corner unit with high visibility and recent upgrades.
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    • $20 SF/Yr

      Retail Space in Belchertown

      Retail space suitable for restaurant, bank, or retail establishment.
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    50 State St
    Belchertown, MA 01007
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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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