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    179 Northampton St Easthampton, MA 01027

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    179 Northampton St Easthampton, MA 01027

    View on Map
    • Office buildings
    • 11,148 SF
    • 1.38 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Office Space For Rent For Lease
    $15 SF/Yr
    1,500 SF

    Office Space For Rent

    Office space available for lease in Easthampton, MA.

    179 Northampton St, Easthampton, MA
    View Listing
    Property ID
    US38-1876540
    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.
    Value Estimations
    $1,200,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 179 Northampton St

    Year built
    1983
    Construction
    FRAME
    Lot size
    1.38 lot acres
    Property size
    11,148 SF
    Zone code
    HB
    Property type
    Office buildings
    APN
    EHAM M:00114 B:00042 L:00000
    APU
    EHAMM00114B00042L00000

    Description

    This Class C office building at 179 Northampton Street in Easthampton, MA, 01027 offers multiple tenancy options in a 11,148 square foot building constructed in 1974. Currently, 5,200 square feet of space is available, divisible into units as small as 1,000 square feet and up to a contiguous 2,700 square feet. The property features high visibility on Northampton Street and ample parking. Ideal for a variety of businesses, this location provides easy access to local amenities and transportation. A tenant improvement allowance of $15 per square foot and three months of free rent are being offered by the landlord. The building is well-maintained and presents a professional image. This is an excellent opportunity for businesses seeking flexible and conveniently located office space in Easthampton, Massachusetts. The property is suitable for various uses, including executive offices and medical practices. The available space can be customized to meet specific tenant needs. Don't miss this chance to secure your ideal workspace in this desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000
      ML approach
      $1,200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,502,000
      Market price range: $1.24M - $3.75M
      AI Estimate
      $1,149,000
      Market price range: $598k - $2.30M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,735,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Easthampton
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.666
    Latitude
    42.2837
    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
    $16,515
    $235,200
    $982,700
    $1,217,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $520,000
      6,360 SF

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      View Details
    • Value Estimation by Request
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      152 Northampton St

      OFFICE BUILDING • 1,506 SF
      152 Northampton St, Easthampton, MA 01027-1020
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    • Value Estimation by Request
      1,173 SF

      33 Un St

      OFFICE BUILDING • 1,173 SF
      33 Un St, Easthampton, MA 01027-1451
      View Details
    • Value Estimation by Request
      4,391 SF

      48 Campus Ln

      OFFICE BUILDING • 4,391 SF
      48 Campus Ln, Easthampton, MA 01027
      View Details
    • Value Estimation
      $535,000
      7,758 SF

      130 Cottage St

      OFFICE BUILDING • 7,758 SF
      130 Cottage St, Easthampton, MA 01027-1621
      View Details
    • Value Estimation
      $510,000
      3,500 SF

      175 Fry St

      OFFICE BUILDING • 3,500 SF
      175 Fry St, Easthampton, MA 01027-1231
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Office Space For Rent

      Office space available for lease in Easthampton, MA.
      179 Northampton St, Easthampton, MA 01027
      View Details
    • $3,000 /Mo

      Retail/Office Suite with Drive-Through

      1,100 SF retail/office suite with drive-through in Easthampton.
      422 Main St, Easthampton, MA 01027
      View Details
    • $3,000 /Mo

      Retail/Office Suite with Drive-Through

      1,100 SF retail/office suite with drive-through in Easthampton.
      422 Main St, Easthampton, MA 01027
      View Details
    • Contact for pricing

      Downtown Storefront with Ample Parking

      8515 SF storefront in prime downtown location for lease.
      32 Union St, Easthampton, MA 01027
      View Details
    View Listing
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    Easthampton, MA 01027
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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.

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