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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    260 College St Amherst, MA 01002-2330

    • Gas stations
    • 3,414 SF
    • 0.64 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2023
    $124,308
    Value Estimations
    $105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1817752
    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.

    Current Use by Public Records

    • College Street Motors / Auto Repair Shop / Auto Parts Store

    Property Details for 260 College St

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.64 lot acres
    Property size
    3,414 SF
    Property type
    Gas stations
    APN
    AMHE M:0014B B:0000 L:0220
    APU
    AMHEM0014BB0000L0220

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $105,000
      ML approach
      $145,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.5062
    Latitude
    42.3733
    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
    $13,181
    $219,700
    $492,400
    $712,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $430,000
      2,250 SF

      40 Belchertown Rd

      SERVICE STATION (FULL SERVICE) • 2,250 SF
      40 Belchertown Rd, Amherst, MA 01002-2649
      View Details
    • Value Estimation
      $370,000
      2,377 SF

      161 Pleasant St

      SERVICE STATION (FULL SERVICE) • 2,377 SF
      161 Pleasant St, Amherst, MA 01002-1726
      View Details
    • Value Estimation
      $405,000
      2,400 SF

      468 Ww St

      SERVICE STATION (FULL SERVICE) • 2,400 SF
      468 Ww St, Amherst, MA 01002-2965
      View Details
    • Value Estimation
      $300,000
      0.71 Acres

      Belchertown Rd

      SERVICE STATION (FULL SERVICE) • 0.71 Acres
      Belchertown Rd, Amherst, MA 01002
      View Details
    • Value Estimation
      $295,000
      0.38 Acres

      Prospect St

      PARKING LOT • 0.38 Acres
      Prospect St, Amherst, MA 01002
      View Details
    • Value Estimation
      $510,000
      8,553 SF

      49 Kendrick Pl

      AUTO REPAIR, GARAGE • 8,553 SF
      49 Kendrick Pl, Amherst, MA 01002
      View Details

    Similar Nearby for Sale

    • $3,000,000

      Turnkey Gas Station with Auto Repair

      Operating gas station with five-bay auto repair shop for sale.
      260 College St, Amherst, MA 01002
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    • $989,999

      Amherst Equestrian Estate on 14 Acres

      Turnkey equestrian estate with barns, paddocks, and farmhouse.
      1730 S East St, Amherst, MA 01002
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    • $1,400,000

      18.56 Acre Land Parcel

      18.56 acre parcel zoned for Professional and Research Park.
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      Amherst Land For Sale

      Land available for sale in Amherst, Massachusetts.
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    • $989,900

      Historic Amherst Multifamily Home

      Historic Queen-Anne multifamily home with modern upgrades in downtown Amherst.
      18 N Prospect St, Amherst, MA 01002
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    • $899,900

      Renovated Multifamily Near Amherst Colleges

      Updated 3-family near UMass and Amherst College.
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    Similar Nearby for Lease

    • $24 SF/Yr
      4,600 SF

      Renovated Cow Barn Retail Space

      Retail space in a renovated building with ample parking.
      113 Cowls Rd, Amherst, MA 01002
      View Details
    • $1,750 /Mo
      900 SF

      Retail/Office Suite in Amherst

      Retail or office suite available in Amherst Crossing.
      377 College St, Amherst, MA 01002
      View Details
    • $21 SF/Yr
      4,038 SF

      Adaptable Retail Space Near UMass

      4,038 SF retail space for lease near UMass Amherst.
      59 Cowls Rd, Amherst, MA 01002
      View Details
    • $21 SF/Yr
      957 SF

      Adaptive Retail Space Near UMass

      957 SF retail space in a dynamic Amherst location.
      83 Cowls Rd, Amherst, MA 01002
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Amherst

      2400 SF retail space available for rent.
      181 University Dr, Amherst, MA 01002
      View Details
    • $8,440 /Mo

      Historic Building in Central Amherst

      Unique, large retail/office space near colleges and university.
      71 S Pleasant St, Amherst, MA 01002
      View Details
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    260 College St
    Amherst, MA 01002-2330
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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.

    More about this property
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