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Property profile & analytics
FOR LEASE
Manufacturing properties
168 Industrial Dr, Northampton, MA 01060
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1908184
For Lease
1 / 2
$12 SF/Yr
168 Industrial Dr, Northampton, MA 01060
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
BRICK
Total area
52,273 SF
Lot
8.68 ac (378,101 SF)
Zoning code
GI
APN
NHAM M:018D B:0063 L:0001
UPID
US38-1908184
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
$6.67M
CAP Approach
CAP
$7.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.55M
Owner & transaction history
Gms Realty LLP · 4 yrs held
Gms Realty LLP
since 2022
Last sale
$5.4M
6 recorded transactions
Zoning & alternative use
GI · Northampton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.1M
+203.9%
Restaurant
$4.9M
+108.2%
Auto repair, garage
$4.9M
+107.1%
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
$7,620,000
ML approach
$6,665,000
CAP Approach
CAP Return
Estimation
6%
$8,415,000
6.5%
$7,770,000
7%
$7,215,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,135,000
Change: +204% · Conversion: Difficult
RESTAURANT
$4,890,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,865,000
Change: +107% · Conversion: Easy
Blend value · Realmo final
$6.55M
Range $5.90M – $7.21M · ±10% · vs last sale $5.35M (Mar 17 2022)
Last sale anchor
$5.35M
Mar 17 2022
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
$125 / 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
$64,636
Tax year 2024
Assessed value
$4,255,200
Assessed 2024
Previous assessed
$3,631,200
+17.2% YoY
Effective rate
1.52%
On assessed value
Assessed land
$687,000
Assessed improvement
$3,568,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1979
Construction
BRICK
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
52,273 SF
Lot
8.68 ac (378,101 SF)
Zoning code
GI
APN
NHAM M:018D B:0063 L:0001
UPID
US38-1908184
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
COMMERCIAL (GENERAL)
Est. value
$7.1M
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1979
Construction
BRICK
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
8.68 ac
Current owner
From public records · entity-resolved
Gms Realty LLP
Entity
Mailing address
356 RATHE RD, COLCHESTER, VT 05446-1505
Ownership since
2022
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
Mar 17, 2022
$5,351,083
Gms Realty LLP
Kissell INC
Quit Claim Arm's Length For Ne States
$4,685,724 · Berkshire Bank
Jun 12, 2003
$175,000
Lynn Perry Alstadt
Kissell INC
Grant Deed
$412,000 · Florence Savings Bank
Feb 28, 2003
—
Kissell INC
—
Deed Of Trust
related
$2,700,000 · Banknorth NA
Sep 29, 2000
—
Kissell INC
—
Deed Of Trust
related
$400,000 · First Massachusetts Bank
Dec 29, 1999
—
Kissell INC
—
Deed Of Trust
related
$3,046,460 · Family Bank
Apr 14, 1999
$1,500,000
Kissell INC
Kollmorgen Corp
Grant Deed
$1,471,000 · Family 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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