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248 Old Lyman Rd 254 South Hadley, MA 01075-2653

OFF-MARKET Manufacturing properties Google Maps
26,400 SF 1.52 ac lot Built 1972
Entity Owned ~ Est. High Equity
Estimated value (blended)
$760k
Range $684k – $836k (±10%)
Property ID US38-1148247

Property summary

AI-generated overview

This exceptional 9,677-square-foot industrial flex space is situated within a larger multi-tenant building at 248 Old Lyman Road, South Hadley, MA 01075. The property, known as The 250 Building, offers a blend of office and warehouse space, ideal for a variety of businesses. Built in 1972, this single-story building sits on 1.52 acres and boasts a total of 26,400 square feet, divided into five suites. The available unit features a dedicated loading dock and a convenient drive-in access, enhancing operational efficiency. Private offices are included, providing a professional workspace. The zoning is IA, allowing for a range of industrial uses. This prime location offers easy access to major transportation arteries, including the Massachusetts Turnpike (MA Pike), Route 33, and Route 202, providing seamless connectivity to Hampshire and Hampden Counties. The property is conveniently located off New Ludlow Road within South Hadley's established industrial park area. This is a rare opportunity to secure a well-appointed flex space in a highly desirable location. The building is comprised of one structure with a total of 26,400 square feet.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1972
Construction STEEL FRAME
Total area 26,400 SF
Lot 1.52 ac (66,344 SF)
Zoning code IA0
APN SHAD M:0008 B:0101 L:0000
UPID US38-1148247

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$760k
CAP Approach CAP
by Request
Comparable Approach Comparable
$957k
Blend (final) Blend
$760k

Owner & transaction history

since 2026
5 recorded transactions
2026
$1.8M
2019
Price N/A
2011
$1
2010
$1
1969
Price N/A

Zoning & alternative use

IA0 · South Hadley, MA
Top alternative use upside
Warehouse, storage $1.2M +8.6%

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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