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    Property profile & analytics

    12 Elm St Hatfield, MA 01038

    • Commercial real estate
    • 42,789 SF
    • 4.16 lot acres
    For Lease
    View listing
    Last Sale
    Sep 30, 2022
    $2,350,000
    Value Estimations
    $3,385,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0609177
    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

    • Commercial real estate

    Property Details for 12 Elm St

    Lot size
    4.16 lot acres
    Property size
    42,789 SF
    Zone code
    I
    Property type
    Commercial real estate
    APN
    HATF M:0223 B:0146 L:0
    APU
    HATFM0223B0146L0

    Description

    This exceptional commercial property, located at 12 Elm St in Hatfield, Massachusetts, offers a unique blend of office and warehouse space. Currently under construction, the building totals 1,279 square feet and is available in its entirety. The property is situated in Hampshire County, zip code 01038, and features multiple tenancy options. Individual units range from a minimum of 544 square feet to a maximum contiguous space of 735 square feet. The layout includes a spacious front room, approximately 21 feet wide by 21 feet deep, ideal for office use. An attached rear room, also approximately 21 feet wide and 14 feet deep, provides ample additional space, featuring a large walk-in entrance and a wall of windows. This versatile property is perfect for a variety of businesses seeking a combination of office and warehouse functionality in a convenient Hatfield location. The entire 1,279 square feet is currently vacant and ready for immediate occupancy. This presents a rare opportunity to secure a well-designed space in a desirable location. The property's address is 12 Elm St, Hatfield, MA 01038.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,345,000
      ML approach
      $3,450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,913,000
      Market price range: $3.91M - $10.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hatfield
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.6086
    Latitude
    42.3671
    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
    $33,612
    $274,900
    $1,920,500
    $2,195,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,660 SF

      59 St -

      Distribution properties • 1,660 SF
      59 St -, Hatfield, MA 01038
      View Details
    • Value Estimation
      $785,000
      30,211 SF

      129 Elm St

      COMMERCIAL (GENERAL) • 30,211 SF
      129 Elm St, Hatfield, MA 01038-9715
      View Details
    • Value Estimation by Request
      359,938 SF

      142 Elm St

      COMMERCIAL (GENERAL) • 359,938 SF
      142 Elm St, Hatfield, MA 01038-9712
      View Details
    • Value Estimation
      $300,000
      4,000 SF

      122 Brg St

      SHOW ROOM, WAREHOUSE • 4,000 SF
      122 Brg St, Hatfield, MA 01038-9710
      View Details
    • Value Estimation
      $200,000
      7,783 SF

      97 Prospect St

      SHOW ROOM, WAREHOUSE • 7,783 SF
      97 Prospect St, Hatfield, MA 01038-9741
      View Details
    • Value Estimation
      $295,000
      1,856 SF

      60 Main St, Unit 4

      COMMERCIAL CONDOMINUIM • 1,856 SF
      60 Main St, Hatfield, MA 01038-9789
      View Details

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    • $2,400,000
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      Hatfield Warehouse with Leaseback Potential

      29,335 SF warehouse on 2 acres with income potential.
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    • $799,900

      Hampshire County Triplex with Acreage

      Three-unit residence on five acres, suitable for owner-occupancy or investment.
      106 Elm St, Hatfield, MA 01038
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    • $5,995,000
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      Hatfield Medical Office Investment Opportunity

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    Similar Nearby for Lease

    • $400 /Mo

      Hatfield Office Space for Lease

      214 SF office suite available for lease in Hatfield, MA.
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      View Details
    • Contact for pricing
      1,279 SF

      Hatfield Office & Warehouse Space

      Prime Hatfield Office/Warehouse, 544-735 SF Available
      12 Elm St, Hatfield, MA 01038
      View Details
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    Hatfield, MA 01038
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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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