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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Investment properties
338 College St Amherst, MA 01002-2462
Entity Owned
4-yr Hold
Property ID
US38-0887010
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1976
Construction
FRAME
Total area
7,525 SF
Lot
1.03 ac (44,704 SF)
APN
AMHE M:0015A B:0000 L:0082
UPID
US38-0887010
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
Current use
Occupant on record · Public records
-
Spirit Haus (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
CoinFlip Bitcoin ATM Atm Bank
-
Bitcoin ATM Amherst - Coinhub Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.75M
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
338 College Street LLC · 4 yrs held
338 College Street LLC
since 2021
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+10.0%
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 Amherst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amherst 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
$1,800,000
ML approach
$1,750,000
CAP Approach
CAP Return
Estimation
6%
$1,200,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,310,000
Current use
OFFICE BUILDING
$1,440,000
Change: +10% · Conversion: Easy
RETAIL STORES
$1,170,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±10% · vs last sale $1.51M (Dec 1 2021)
Last sale anchor
$1.51M
Dec 1 2021
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
$204 / 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
$15,930
Tax year 2024
Assessed value
$860,600
Assessed 2024
Previous assessed
$860,600
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$214,900
Assessed improvement
$645,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1976
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
3
Rooms
9
Bathrooms
1
Total area
7,525 SF
Lot
1.03 ac (44,704 SF)
APN
AMHE M:0015A B:0000 L:0082
UPID
US38-0887010
Jurisdiction
AMHERST
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1976
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
3
Rooms
9
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
338 College Street LLC
Entity
Mailing address
338 COLLEGE ST, AMHERST, MA 01002-2462
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2024
—
338 College Street LLC
—
Deed
related
$2,600,000 · Greenfield Savings Bank
Dec 1, 2021
$1,510,000
338 College Street LLC
Spirit Corp Of Amherst
Quit Claim Arm's Length For Ne States
$1,208,000 · Greenfield Savings Bank
Jan 21, 2020
—
Corp Spirit & Amherst
Donna A Spence
Quit Claim Deed
related
—
Apr 9, 2012
—
Spirit Corp Of Amherst
—
Deed Of Trust
related
$245,000 · Northampton Coop Bank
Aug 1, 1997
—
Spirit Corp Amherst
—
Deed Of Trust
related
$65,775 · Misc Other
Apr 19, 1994
—
Spirit Corp Of Amherst
—
Deed Of Trust
related
$200,000 · Bank Of Western Massachusetts
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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