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Property profile & analytics
FOR LEASE
Showrooms
190 Russell St Hadley, MA 01035
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1125177
For Lease
1 / 15
$26.50 SF/Yr
190 Russell St, Hadley, MA 01035
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,836 SF
Lot
1 ac (43,607 SF)
Zoning code
B
APN
HADL M:0004J B:0014A L:0000
UPID
US38-1125177
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
$1.20M
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$808k
Blend (final)
Blend
$1.16M
Owner & transaction history
190 Russell LLC · 5 yrs held
190 Russell LLC
since 2021
Last sale
$975,000
5 recorded transactions
Zoning & alternative use
B · Hadley, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To accommodate a wide range of retail uses and services and commercial activities in appropriate locations along primary roads within the Town and provide for the appropriate development and special requirements for the major business concentrations, which serve an area larger than the immediate neighborhood.
Zone name
Business
General category
COMMERCIAL
Zone area
769.30 ac
Source
Realmo
Top alternative use upside
Office building
$1.7M
+32.8%
Retail stores
$1.4M
+8.1%
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 Hadley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hadley 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
$1,160,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
$1,410,000
6.5%
$1,305,000
7%
$1,210,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,275,000
Current use
OFFICE BUILDING
$1,690,000
Change: +33% · Conversion: Easy
RETAIL STORES
$1,375,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±10% · vs last sale $975k (Jan 28 2021)
Last sale anchor
$975k
Jan 28 2021
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
$131 / 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
$12,854
Tax year 2024
Assessed value
$1,128,500
Assessed 2024
Previous assessed
$1,128,500
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$346,200
Assessed improvement
$782,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
8,836 SF
Lot
1 ac (43,607 SF)
Zoning code
B
APN
HADL M:0004J B:0014A L:0000
UPID
US38-1125177
Jurisdiction
HADLEY
Zoning & alternative use
B · Hadley, MAZoning B · permitted uses
B · Hadley, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To accommodate a wide range of retail uses and services and commercial activities in appropriate locations along primary roads within the Town and provide for the appropriate development and special requirements for the major business concentrations, which serve an area larger than the immediate neighborhood.
Zone name
Business
General category
COMMERCIAL
Zone area
769.30 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
1 ac
Current owner
From public records · entity-resolved
190 Russell LLC
Entity
Mailing address
PO BOX 246, HADLEY, MA 01035-0246
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
—
190 Russell LLC
—
Deed
related
$200,000 · Greenfield Savings Bank
Jan 28, 2021
—
190 Russell LLC
Valley Building Co INC
Quit Claim Deed
related
$750,000 · Westfield Bank Fsb
Jun 3, 2019
$975,000
Valley Building Co INC
Mohammad Moini
Warranty Deed
$850,000 · Mohammad Moini
Mar 1, 2016
$270,000
Mohammad Moini
Witzenberger,thomas
Warranty Deed
—
Apr 29, 1999
—
Mark M Klepacki Ptnshp
—
Deed Of Trust
related
$733,000 · Bank Of Western Massachusetts
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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