Property profile

234 Russell St Hadley, MA 01035

FOR LEASE
Showrooms
Property ID
US38-1031833
10,904 SF 2.65 ac lot Built 1999
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A medical office building, located at 234 Russell St, Hadley, MA 01035, offers multiple suites for lease. Situated on a 2.65-acre lot and conveniently located near Spruce Hill Road, this three-story building boasts 65 parking spaces and passenger elevators for easy accessibility. Built in 1999, the property is zoned for business use and is anchored by Cooley Dickinson Hospital, providing excellent visibility and a strong tenant base. Available spaces range from a minimum of 264 square feet to a maximum contiguous space of 1,057 square feet, catering to a variety of medical practices. The building features multiple office spaces, allowing for flexibility in configuring suites to meet individual needs. Shared amenities include a common waiting area and restrooms, enhancing the overall tenant experience. This prime location in Hampshire County offers a thriving medical community and excellent access to major transportation routes. The property's modern design and convenient amenities make it an ideal location for medical professionals seeking high-quality office space. Inquire today to learn more about available suites and lease terms.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1999
Construction FRAME
Total area 10,904 SF
Lot 2.65 ac (115,364 SF)
Zoning code B
APN HADL M:0005D B:0024 L:0000
UPID US38-1031833

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

234 Russell St Hadley, MA 01035
Hadley metro Census 821400 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.22M
CAP Approach CAP
$1.61M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.10M

Owner & transaction history

since 2023
Last sale
$2.5M
3 recorded transactions
2023
$2.5M
1998
$140,000
1998
$70,000

Zoning & alternative use

B · Hadley, MA
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…

General category COMMERCIAL
Top alternative use upside
Office building $2.1M +32.8%
Retail stores $1.7M +8.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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