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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Manufacturing properties
24 Spg St Northampton, MA 01062-9733
Entity Owned
30-yr Hold
Free & Clear
Property ID
US38-1108245
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1969
Total area
79,786 SF
Lot
11.72 ac (510,523 SF)
Zoning code
GI
APN
NHAM M:022B B:0054 L:0001
UPID
US38-1108245
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
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$1.62M
Owner & transaction history
Florence Realty INC · 30 yrs held
Florence Realty INC
since 1995
4 recorded transactions
Zoning & alternative use
GI · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10%
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
$20 / 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
$35,947
Tax year 2024
Assessed value
$2,366,500
Assessed 2024
Previous assessed
$2,317,000
+2.1% YoY
Effective rate
1.52%
On assessed value
Assessed land
$869,800
Assessed improvement
$1,496,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1969
Heating
SPACE
Buildings
1
Stories
1
Total area
79,786 SF
Lot
11.72 ac (510,523 SF)
Zoning code
GI
APN
NHAM M:022B B:0054 L:0001
UPID
US38-1108245
Jurisdiction
NORTHAMPTON
Zoning & alternative use
GI · Northampton, MA
Zoning GI · permitted uses
GI · 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
1969
Heating
SPACE
Stories
1
Buildings
1
Lot
11.72 ac
Current owner
From public records · entity-resolved
Florence Realty INC
Entity
Free & Clear · 30 yrs held
Mailing address
510 BROADHOLLOW RD STE #205, MELVILLE, NY 11747-3606
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2001
—
Florence Realty INC
—
Deed Of Trust
related
$3,000,000 · Fleet National Bank
Dec 31, 1996
—
Florence Rlty INC
—
Deed Of Trust
related
$60,000,000 · Bankboston Development Co LLC
May 2, 1996
—
Florence Rlty INC
—
Deed Of Trust
related
$4,200,000 · State Street Bank & Trust Co
Oct 26, 1995
$500,000
Florence Realty INC
Pro Acquisition Corp
Grant Deed
—
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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