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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Commercial real estate
267 Locust St R2A, Northampton, MA 01062-2770
Entity Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0951141
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1987
Construction
BRICK
Total area
3,117 SF
Zoning code
SI
APN
NHAM M:023B B:0008 L:0036
UPID
US38-0951141
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
$460k
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$540k
Owner & transaction history
Balin Realty LP · 29 yrs held
Balin Realty LP
since 1996
7 recorded transactions
Zoning & alternative use
SI · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$500,000
6.5%
$460,000
7%
$425,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$655,000
Current use
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$173 / 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
$7,282
Tax year 2024
Assessed value
$479,400
Assessed 2024
Previous assessed
$495,500
-3.2% YoY
Effective rate
1.52%
On assessed value
Assessed improvement
$479,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1987
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
3,117 SF
Zoning code
SI
APN
NHAM M:023B B:0008 L:0036
UPID
US38-0951141
Jurisdiction
NORTHAMPTON
Zoning & alternative use
SI · Northampton, MA
Zoning SI · permitted uses
SI · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$655,000
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Current owner
From public records · entity-resolved
Balin Realty LP
Entity
Mailing address
269 LOCUST STR2A, FLORENCE, MA 01062-2003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1996
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
Jun 26, 2013
—
Balin Realty LLP
—
Deed Of Trust
related
$700,000 · Peoples Bank Holyoke
Nov 25, 2002
—
Balin Realty LP
—
Deed Of Trust
related
$200,000 · Peoples Bank Holyoke
Apr 17, 1998
—
Silk Mill Assoc LP
—
Deed Of Trust
related
$100,000 · Pioneer Valley Rubbis
Oct 4, 1996
$188,485
Balin Realty LP
Silk Mill Associates
Grant Deed
$150,000 · Fleet National Bank
Dec 22, 1987
$69,900
Marie Delourdes
Silk Mill Dev INC
Grant Deed
$55,900 · Northampton Coop Bank
Oct 30, 1987
$62,500
Stephen P Cahillane
Silk Mill Dev INC
Grant Deed
$50,000 · Baybank First E Hampton
Aug 27, 1987
$69,900
Robert B Gibson
Silk Mill Dev INC
Grant Deed
$35,000 · Florence Savings Bank
Jun 17, 1987
$64,900
Susan Milson
Silk Mill Dev INC
Grant Deed
$37,000 · Heritage Nis Bank For Savings
May 15, 1987
$66,405
Mary Ann Coughlin
Silk Mill Assoc
Grant Deed
$59,750 · Heritage Nis Bank For Savings
May 1, 1987
$69,000
Laura Anne Howie
Silk Mill Develop
Grant Deed
$55,000 · 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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