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Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Warehouses
155 Industrial Dr, Northampton, MA 01060-2326
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US38-0727547
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
29,400 SF
Lot
2.39 ac (104,108 SF)
Zoning code
GI
APN
NHAM M:018D B:0060 L:0001
UPID
US38-0727547
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$955k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.55M
Owner & transaction history
Firefly Properties LLC · 14 yrs held
Firefly Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
GI · Northampton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+53.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Northampton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northampton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,340,000
Current use
RETAIL STORES
$2,060,000
Change: +54% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,320,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.55M
Range $1.39M – $1.70M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$45,749
Tax year 2024
Assessed value
$3,011,800
Assessed 2024
Previous assessed
$2,570,100
+17.2% YoY
Effective rate
1.52%
On assessed value
Assessed land
$382,500
Assessed improvement
$2,629,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
SPACE
Buildings
1
Stories
1
Total area
29,400 SF
Lot
2.39 ac (104,108 SF)
Zoning code
GI
APN
NHAM M:018D B:0060 L:0001
UPID
US38-0727547
Jurisdiction
NORTHAMPTON
Zoning & alternative use
GI · Northampton, MA
Zoning GI · permitted uses
GI · Northampton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northampton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE Current
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
SPACE
Stories
1
Buildings
1
Lot
2.39 ac
Current owner
From public records · entity-resolved
Firefly Properties LLC
Entity
Mailing address
155 INDUSTRIAL DR, NORTHAMPTON, MA 01060-2326
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2012
$2,080,000
Firefly Properties LLC
Havoc LLC
Grant Deed
$2,000,000 · Robert J Dufresne
Mar 31, 2011
$2,100,000
Havoc LLC
Shafii Re LLC
Deed
$2,000,000 · Td Bank NA
Dec 23, 2010
$1
Shafii Re LLC
Shafii,reza M
Grant Deed
—
Dec 23, 2010
—
Shafii Re LLC
—
Deed Of Trust
related
$2,700,000 · Chicopee Savings Bank
Dec 15, 2008
—
Jennifer R Shafii
—
Deed Of Trust
related
$3,000,000 · Chicopee Savings Bank
Apr 25, 2008
—
Jennifer R Shafii
—
Deed Of Trust
related
$1,000,000 · Chicopee Savings Bank
Jul 31, 2001
—
Jennifer R Shafii
—
Deed Of Trust
related
$972,000 · Chicopee Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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