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    195 Appleton St Holyoke, MA 01040
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    195 Appleton St, Holyoke, MA 01040

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    • Manufacturing properties
    • 166,494 SF
    • 2.83 lot acres
    For Sale
    $2,330,000
    View Listing →
    230,000 SF Mill Building For Sale
    $2,330,000
    230,000 SF

    230,000 SF Mill Building

    230,000 SF mill building with deeded water rights.

    195 Appleton St, Holyoke, MA
    View Listing
    Property ID
    US38-1248703
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 195 Appleton St

    Year built
    1900
    Construction
    FRAME
    Lot size
    2.83 lot acres
    Zone code
    IG
    Property type
    Manufacturing properties
    APN
    HOLY M:0021 B:0001 L:7
    APU
    HOLYM0021B0001L7

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 18, 2024 — Spartan Nt Holyoke City Of Redemption Deed · related —
    Mar 21, 2022 — Xidex Corp Holyoke City Of Redemption Deed · related —

    Description

    This exceptional redevelopment opportunity presents a substantial 230,000-square-foot warehouse in Holyoke, Massachusetts. Located at 195 Appleton Street, this Class C, vacant property boasts a rich history housed within a four-story brick and beam structure built in 1889. The 3.66-acre lot features two loading docks and a 14-foot ceiling height. Zoned IG, this property offers significant potential, situated conveniently near major highways and between two canals enhanced by new pedestrian walkways. Unique to this offering are deeded water rights to draw from the Second Canal, along with the availability of Hydro and Redevelopment Grants. The property's proximity to the Massachusetts Green High Performance Computing Center, a leading Northeast facility, further enhances its appeal. With ample parking for 80 cars, this is a rare chance to acquire a substantial industrial property in a thriving location, ideal for adaptive reuse and sustainable development within a designated Chapter 40R Smart Growth District and Opportunity Zone. The asking price is $2,290,000, translating to $10.83 per square foot. This is a truly unique opportunity to acquire a piece of Holyoke's industrial heritage and transform it into a modern, sustainable asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,764,000
      Market price range: $1.76M - $3.64M

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

    Location Insight

    • Map
    • Local Demand
    City
    Holyoke
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.606
    Latitude
    42.2039
    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
    $11,317
    $98,500
    $182,600
    $281,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      529 St

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    • Value Estimation
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      60 Appleton St

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      78 Canal St

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      382 Dwight St

      MANUFACTURING (LIGHT)
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      View Details
    • Value Estimation
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      11 Jackson St

      MANUFACTURING (LIGHT)
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      View Details

    Similar Nearby for Sale

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      326,664 SF

      Holyoke Industrial Complex

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      View Details
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      230,000 SF

      230,000 SF Mill Building

      230,000 SF mill building with deeded water rights.
      195 Appleton St, Holyoke, MA 01040
      View Details
    • Contact for pricing
      47,000 SF

      Industrial Building for Flexible Use

      Large industrial building suitable for various commercial uses.
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      View Details
    • Contact for pricing

      Industrial Multi-Building Compound

      Gated industrial property with three buildings and multiple ceiling heights, suited for manufacturing, distribution, or storage use.
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      24,938 SF

      Holyoke Warehouse/Manufacturing Space For Sale

      24,938 SF warehouse/manufacturing space in Holyoke, MA for sale.
      620 Beaulieu St, Holyoke, MA 01040
      View Details
    • Contact for pricing
      47,000 SF

      Large Industrial Building For Sale

      Industrial building suitable for various commercial uses, for sale.
      26 Hadley Mill Rd, Holyoke, MA 01040
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Industrial Space Near I-391

      44,700 SF industrial space for lease near I-391.
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      29,281 SF

      Industrial Facility with Expansion Potential

      29,281 SF industrial facility with expansion potential for lease.
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      Holyoke Warehouse/Manufacturing Space For Lease

      24,938 SF warehouse/manufacturing space near I-391.
      620 Beaulieu St, Holyoke, MA 01040
      View Details
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      Four-Story Mill Building For Rent

      Updated mill building with cannabis businesses and approved parking.
      1 Cabot St, Holyoke, MA 01040
      View Details
    • Contact for pricing

      Holyoke Warehouse/Manufacturing Space Available

      24,938 SF warehouse/manufacturing space for lease in Holyoke, MA.
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      View Details
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      Historic Flex Space with Views

      Flex space in historic building near transportation and amenities.
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      View Details
    View Listing
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    Holyoke, MA 01040
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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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    195 Appleton St, Holyoke, MA, 01040
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