Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    289-291 Main St Holyoke, MA 01040
    Back to Search
    Property profile & analytics

    289-291 Main St, Holyoke, MA 01040

    View on Map
    • Investment properties
    • 9,242 SF
    • 0.06 lot acres
    Off-Market
    Last Sale Mar 13, 2024
    $127,000
    Property ID
    US38-1288825
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 289-291 Main St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Zone code
    BH
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    HOLY M:0030 B:0008 L:5
    APU
    HOLYM0030B0008L5

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 13, 2024 $127,000 Johnna N Caizan Torres Real Est Invs Northeast L Quit Claim Arm's Length For Ne States —
    May 1, 2023 — Next Realty INC Holyoke City Of Redemption Deed · related —
    Nov 15, 2022 $45,000 Real Est Invs Northeast Next Realty INC Quit Claim Arm's Length For Ne States $150k · Sergey Kucherenko
    Apr 27, 2020 $55,000 Next Realty INC Frankie Cardona Quit Claim Deed —
    Jan 26, 2016 — Frankie Cardona Cardona,frankie Quit Claim Deed · related —
    Sep 17, 2013 $28,000 Frankie Cardona Iglesia Pentecost Poder Quit Claim Deed —
    Jul 26, 1989 — Normand R Provost — Deed Of Trust · related $80k · Shawmut First Bank & Trust Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Holyoke
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6065
    Latitude
    42.2009
    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
    $0.00
    $18,200
    $63,520
    $81,720
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      11,820 SF

      549-551 Brg St

      OFFICE/RESIDENTIAL (MIXED USE)
      549-551 Brg St, Holyoke, MA 01040
      View Details
    • Value Estimation by Request
      1,664 SF

      573 Northampton St

      OFFICE/RESIDENTIAL (MIXED USE)
      573 Northampton St, Holyoke, MA 01040-9515
      View Details
    • Value Estimation by Request
      7,500 SF

      226-230 Sargeant St

      OFFICE/RESIDENTIAL (MIXED USE)
      226-230 Sargeant St, Holyoke, MA 01040
      View Details
    • Value Estimation
      $1,520,000
      17,860 SF

      444-448 Appleton St

      OFFICE/RESIDENTIAL (MIXED USE)
      444-448 Appleton St, Holyoke, MA 01040
      View Details
    • Value Estimation by Request
      0.22 Acres

      1312-1316 Dwight St

      OFFICE/RESIDENTIAL (MIXED USE)
      1312-1316 Dwight St, Holyoke, MA 01040
      View Details
    • Value Estimation
      $825,000
      5,148 SF

      771-773 Dwight St

      OFFICE/RESIDENTIAL (MIXED USE)
      771-773 Dwight St, Holyoke, MA 01040
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Building in Downtown Holyoke

      Mixed-use building with commercial and residential spaces in downtown Holyoke.
      117-123 High St, Holyoke, MA 01040
      View Details
    • Contact for pricing
      18,033 SF

      Mixed-Use Property in Holyoke, MA

      Multi-tenanted property with parking, convenient access, and high visibility.
      740 High St, Holyoke, MA 01040
      View Details
    • Contact for pricing

      Downtown Holyoke Mixed-Use Redevelopment Opportunity

      Three connected retail/office buildings with redevelopment potential in downtown Holyoke.
      302-322 High St, Holyoke, MA 01040
      View Details
    • $4,950,000
      326,664 SF

      Holyoke Industrial Complex

      Massive 326,664 SF industrial complex
      100 Water St, Holyoke, MA 01040
      View Details
    • Contact for pricing
      3,200 SF

      Holyoke Commercial Space: Canal District Gem

      3200 sq ft, 1.53 acres, prime location.
      418 Dwight St, Holyoke, MA 01040
      View Details
    • $300,000

      Two-Family Home with Highway Access

      Two-family home with ten rooms, four bedrooms, and two bathrooms.
      225-227 Beech St, Holyoke, MA 01040
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,990 SF

      Versatile Commercial Space in Holyoke

      Centrally located mixed-use building with flexible lease terms.
      107 Lyman St, Holyoke, MA 01040
      View Details
    • $10 SF/Yr
      17,990 SF

      Versatile Commercial Space in Holyoke

      Centrally located mixed-use property with flexible lease terms.
      107 Lyman St, Holyoke, MA 01040
      View Details
    • Contact for pricing

      Retail/Office Space with Warehouse Option

      Ground-level retail/office space with warehouse option, high visibility.
      1594 Dwight St, Holyoke, MA 01040
      View Details
    • Contact for pricing

      Historic Flex Space with Views

      Flex space in historic building near transportation and amenities.
      80 Race St, Holyoke, MA 01040
      View Details
    • $3 SF/Yr

      Industrial Space Near I-391

      44,700 SF industrial space for lease near I-391.
      110 Winter St, Holyoke, MA 01040
      View Details
    • Contact for pricing

      Holyoke Commercial Space For Rent

      Commercial spaces available in Holyoke's vibrant business district.
      103-109 High St, Holyoke, MA 01040
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    289-291 Main St
    Holyoke, MA 01040
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    289-291 Main St, Holyoke, MA, 01040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!