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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Industrial properties
320 Riverside Dr Ste 2, Northampton, MA 01062-2742
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1360515
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1900
Construction
FRAME
Total area
18,560 SF
Zoning code
SR
APN
NHAM M:030A B:0032 L:0002
UPID
US38-1360515
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
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$1.18M
Owner & transaction history
Sterling Lane LLC · 3 yrs held
Sterling Lane LLC
since 2022
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
SR · Northampton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+66.4%
Auto repair, garage
$1.7M
+63.7%
Retail stores
$1.4M
+29.7%
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
$1,495,000
ML approach
$1,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,055,000
Current use
RESTAURANT
$1,755,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,725,000
Change: +64% · Conversion: Easy
RETAIL STORES
$1,370,000
Change: +30% · Conversion: Moderate
WAREHOUSE, STORAGE
$845,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10% · vs last sale $1.05M (Jul 21 2022)
Last sale anchor
$1.05M
Jul 21 2022
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
$64 / 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
$12,015
Tax year 2024
Assessed value
$791,000
Assessed 2024
Previous assessed
$817,500
-3.2% YoY
Effective rate
1.52%
On assessed value
Assessed improvement
$791,000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
3
Total area
18,560 SF
Zoning code
SR
APN
NHAM M:030A B:0032 L:0002
UPID
US38-1360515
Jurisdiction
NORTHAMPTON
Zoning & alternative use
SR · Northampton, MA
Zoning SR · permitted uses
SR · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$845,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1900
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
3
Buildings
1
Current owner
From public records · entity-resolved
Sterling Lane LLC
Entity
Mailing address
PO BOX 16, HATFIELD, MA 01038-0016
Ownership since
2022
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
Jul 21, 2022
$1,050,000
Sterling Lane LLC
Cutlery Building Assoc
Condominium Deed
$250,000 · Cutlery Building Asso
Feb 7, 2018
$821,580
George A Spence
Cutlery Building Assoc
Quit Claim Deed
—
May 31, 2007
—
Cutlery Building Assoc
—
Deed Of Trust
related
$95,000 · Florence Savings Bank
Oct 12, 2005
—
Cutlery Bldg Assoc
—
Deed Of Trust
related
$50,000 · 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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