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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
16 Armory St Northampton, MA 01060-3536
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-0595761
Property summary
AI-generated overview
This exceptional commercial property, located at 16 Armory St in Northampton, offers two available warehouse spaces totaling 1,595 square feet within a single, two-story building constructed in 1929. The property sits on a 0.19-acre lot and is zoned CB. Individual spaces range from a minimum of 460 square feet to a maximum contiguous space of 1,135 square feet, providing flexibility for various business needs. Currently, the entire 1,595 square feet is vacant and available for lease, starting January 1st. The property boasts a convenient location in the heart of downtown Northampton, offering easy access to local amenities and a vibrant atmosphere. Utilities are included, simplifying budgeting and operational management. One parking space is available on the property. This is an ideal opportunity for small businesses seeking a well-situated, hassle-free space in a thriving downtown area. The property's historical character, combined with its modern convenience, makes it a unique and attractive option for a variety of retail or commercial uses. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Construction
FRAME
Total area
10,660 SF
Lot
0.19 ac (8,224 SF)
Zoning code
CB
APN
NHAM M:032C B:0039 L:0001
UPID
US38-0595761
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
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Penny More Capital LLC · 2 yrs held
Penny More Capital LLC
since 2023
Last sale
$590,000
6 recorded transactions
Zoning & alternative use
CB · Northampton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$490,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $590k (Jul 26 2023)
Last sale anchor
$590k
Jul 26 2023
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
$54 / 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
$14,731
Tax year 2024
Assessed value
$969,800
Assessed 2024
Previous assessed
$1,004,300
-3.4% YoY
Effective rate
1.52%
On assessed value
Assessed land
$371,800
Assessed improvement
$598,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1929
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Total area
10,660 SF
Lot
0.19 ac (8,224 SF)
Zoning code
CB
APN
NHAM M:032C B:0039 L:0001
UPID
US38-0595761
Jurisdiction
NORTHAMPTON
Zoning & alternative use
CB · Northampton, MA
Zoning CB · permitted uses
CB · 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.
Building & site characteristics
From public records
Year built
1929
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Penny More Capital LLC
Entity
Free & Clear · 2 yrs held
Mailing address
16 ARMORY ST, NORTHAMPTON, MA 01060-3536
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
—
Penny More Capital LLC
—
Deed
related
$1,750,000 · Greenfield Savings Bank
Jul 26, 2023
—
Penny More Capital LLC
Penny Moore T
Quit Claim Deed
related
—
Aug 6, 2020
—
T Penny Moore
David R Pesuit
Quit Claim Deed
related
—
Apr 2, 1998
$590,000
David R Pesuit
K&m Associates
Grant Deed
$560,000 · Zenon Grzybowski
Apr 1, 1998
—
David R Pesuit
—
Deed Of Trust
related
$100,000 · Northampton Coop Bank
Aug 5, 1996
—
David R Pesuit
—
Deed Of Trust
related
$90,000 · Florence 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.
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