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Property profile & analytics
OFF-MARKET
Investment properties
218 State St Northampton, MA 01060-2260
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0152939
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Construction
FRAME
Lot
0.57 ac (24,646 SF)
Zoning code
URC
APN
NHAM M:024D B:0171 L:0001
UPID
US38-0152939
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sullivan Real Estate LLC · 13 yrs held
Sullivan Real Estate LLC
since 2013
7 recorded transactions
Zoning & alternative use
URC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,333
Tax year 2024
Assessed value
$614,400
Assessed 2024
Previous assessed
$635,000
-3.2% YoY
Effective rate
1.52%
On assessed value
Assessed land
$228,300
Assessed improvement
$386,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
NONE
Cooling
YES
Buildings
2
Units
5
Lot
0.57 ac (24,646 SF)
Zoning code
URC
APN
NHAM M:024D B:0171 L:0001
UPID
US38-0152939
Jurisdiction
NORTHAMPTON
Zoning & alternative use
URC · Northampton, MA
Zoning URC · permitted uses
URC · 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
1950
Construction
FRAME
Heating
NONE
Cooling
Yes
Buildings
2
Units
5
Lot
0.57 ac
Current owner
From public records · entity-resolved
Sullivan Real Estate LLC
Entity
Mailing address
54 LADYSLIPPER LN, FLORENCE, MA 01062-9735
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2013
$1
Sullivan Real Estate LLC
Sullivan,sean T
Grant Deed
related
—
Nov 30, 2010
$387,000
Sean T Sullivan
214 State St LP
Grant Deed
$348,300 · Greenfield Savings Bank
Sep 15, 2006
—
214 State St LP
—
Deed Of Trust
related
$200,000 · Bank Of America
Jan 25, 2006
—
214 State St LP
—
Deed Of Trust
related
$70,000 · William L Burgart
Nov 2, 2005
—
214 State Street LP
—
Deed Of Trust
related
$460,000 · Florence Savings Bank
Jan 20, 2004
—
214 State St LP
—
Deed Of Trust
related
$400,000 · Florence Savings Bank
Oct 23, 2002
$275,000
214 State Street LP
Hampshire Com Action
Grant Deed
$220,000 · Florence Savings Bank
Oct 23, 2002
—
214 State Street LP
—
Deed Of Trust
related
$60,000 · Zwi Kohorn
Mar 17, 1999
—
Cmnty Action Hampshire
—
Deed Of Trust
related
$170,000 · First Massachusetts Bank
May 12, 1989
—
Assoc Hampshire
—
Deed Of Trust
related
$952,950 · 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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