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    248 Old Lyman Rd South Hadley, MA 01075

    • Manufacturing properties
    • 26,400 SF
    • 1.52 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $705,000
    Location Intelligence
    Property ID
    US38-1148247
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 248 Old Lyman Rd

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    1.52 lot acres
    Property size
    26,400 SF
    Zone code
    IA0
    Property type
    Manufacturing properties
    APN
    SHAD M:0008 B:0101 L:0000
    APU
    SHADM0008B0101L0000

    Description

    This exceptional 9,677-square-foot industrial flex space is situated within a larger multi-tenant building at 248 Old Lyman Road, South Hadley, MA 01075. The property, known as The 250 Building, offers a blend of office and warehouse space, ideal for a variety of businesses. Built in 1972, this single-story building sits on 1.52 acres and boasts a total of 26,400 square feet, divided into five suites. The available unit features a dedicated loading dock and a convenient drive-in access, enhancing operational efficiency. Private offices are included, providing a professional workspace. The zoning is IA, allowing for a range of industrial uses. This prime location offers easy access to major transportation arteries, including the Massachusetts Turnpike (MA Pike), Route 33, and Route 202, providing seamless connectivity to Hampshire and Hampden Counties. The property is conveniently located off New Ludlow Road within South Hadley's established industrial park area. This is a rare opportunity to secure a well-appointed flex space in a highly desirable location. The building is comprised of one structure with a total of 26,400 square feet.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $760,000

    • CAP approach

      CAP return
      Estimation
      6%
      $720,000
      6.5%
      $635,000
      7%
      $630,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $710,000
      Geo Method
      $680,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $660,000
      Retail
      $620,000
      Mixed-Use
      $665,000
      Hospitality
      $590,000
      Educational
      $605,000
      Residential Income
      $600,000
      Energy
      $660,000
      Income-Based Land
      $720,000
      Food Service
      $715,000

    Location Insight

    • Map
    • Local Demand
    City
    South Hadley
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.5614
    Latitude
    42.2163
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,781
    $147,900
    $980,100
    $1,128,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      145,868 SF

      75 Canal St

      MANUFACTURING (LIGHT) • 145,868 SF
      75 Canal St, South Hadley, MA 01075-2743
      View Details
    • Value Estimation
      $465,000
      30,956 SF

      1 Main St

      MANUFACTURING (LIGHT) • 30,956 SF
      1 Main St, South Hadley, MA 01075-2784
      View Details
    • Value Estimation
      $720,000
      31,430 SF

      650 New Ludlow Rd

      MANUFACTURING (LIGHT) • 31,430 SF
      650 New Ludlow Rd, South Hadley, MA 01075-2681
      View Details
    • Value Estimation by Request
      8,100 SF

      749 New Ludlow Rd

      MANUFACTURING (LIGHT) • 8,100 SF
      749 New Ludlow Rd, South Hadley, MA 01075-2668
      View Details
    • Value Estimation
      $740,000
      24,205 SF

      630 New Ludlow Rd

      MANUFACTURING (LIGHT) • 24,205 SF
      630 New Ludlow Rd, South Hadley, MA 01075-2669
      View Details
    • Value Estimation by Request
      117,000 SF

      775 New Ludlow Rd

      MANUFACTURING (LIGHT) • 117,000 SF
      775 New Ludlow Rd, South Hadley, MA 01075-2625
      View Details

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    Similar Nearby for Lease

    • $8 SF/Yr
      26,400 SF

      South Hadley Industrial Flex Space

      Versatile 9,677 SF Flex Space Available
      248 Old Lyman Rd, South Hadley, MA 01075
      View Details
    • $8 SF/Yr
      9,677 SF

      Warehouse/Industrial Space Available For Rent

      9,677 SF warehouse/industrial space with loading dock and drive-in.
      248-254 Old Lyman Rd, South Hadley, MA 01075
      View Details
    • $18 SF/Yr
      3,406 SF

      South Hadley Retail/Office Space

      3,406 SF space, formerly a bank branch, for lease.
      494 Newton St, South Hadley, MA 01075
      View Details
    • Contact for pricing
      10,854 SF

      Retail Space Available in South Hadley

      10,854 SF inline space available Spring/Summer 2025.
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    • Contact for pricing
      5,612 SF

      South Hadley Office Space Available

      5,612 SF office space for rent in South Hadley.
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    • Contact for pricing
      1,880 SF

      Professional Office Space in South Hadley

      Office space in mixed-use development with walkable amenities.
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      View Details
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    South Hadley, MA 01075
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    Realmo Value Estimation

    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.

    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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