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    37 Main St Belchertown, MA 01007

    • Office buildings
    • 5,098 SF
    • 0.46 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1139537
    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

    • Inspired Being, LLC / Life Coach / Service Establishment
    • Tsoumas Themis J / Law Firm / Insurance Agency
    • Kimberly Allen Team BHHS Realty Professionals / Real Estate Agency
    • Lepage Insurance And Financial Services / Financial Advisor
    • Norcom Mortgage Belchertown, MA / Loan Service / Bank

    Property Details for 37 Main St

    Year built
    1980
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    5,098 SF
    Property type
    Office buildings
    APN
    BELC M:243 L:121.05
    APU
    BELCM243L12105

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $674,000
      Market price range: $569k - $1.71M
      AI Estimate
      $649,000
      Market price range: $382k - $1.48M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $795,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Belchertown
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.4029
    Latitude
    42.2789
    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
    $6,859
    $83,400
    $364,300
    $447,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $895,000
      12,421 SF

      6 Berkshire Ave

      OFFICE BUILDING • 12,421 SF
      6 Berkshire Ave, Belchertown, MA 01007-8901
      View Details
    • Value Estimation
      $575,000
      7,770 SF

      20 Daniel Shays Hwy

      OFFICE BUILDING • 7,770 SF
      20 Daniel Shays Hwy, Belchertown, MA 01007-9882
      View Details
    • Value Estimation
      $1,695,000
      15,033 SF

      175 State St

      OFFICE BUILDING • 15,033 SF
      175 State St, Belchertown, MA 01007-9033
      View Details
    • Value Estimation
      $500,000
      5,290 SF

      19 Main St

      OFFICE BUILDING • 5,290 SF
      19 Main St, Belchertown, MA 01007-1280
      View Details
    • Value Estimation by Request
      4,006 SF

      55 Main St

      OFFICE BUILDING • 4,006 SF
      55 Main St, Belchertown, MA 01007-8823
      View Details
    • Value Estimation
      $970,000
      10,840 SF

      35 Turkey Hl Rd

      OFFICE BUILDING • 10,840 SF
      35 Turkey Hl Rd, Belchertown, MA 01007-9031
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,292 SF

      Belchertown Office Building For Sale

      21,292 SF office building available in Belchertown, MA.
      25-35 Bridge St, Belchertown, MA 01007
      View Details
    • $195,000
      1.15 Acres

      Belchertown Land with Panoramic Views

      1.153-acre lot in Belchertown, ideal for custom home.
      Spring Hill Rd, Belchertown, MA 01007
      View Details
    • Contact for pricing
      16.00 Acres

      Belchertown Industrial Land

      16 Acres, Prime Location, MA
      50 State St, Belchertown, MA 01007
      View Details
    • Contact for pricing

      Belchertown Land For Sale

      Land available for sale in Belchertown, Massachusetts.
      50 State St, Belchertown, MA 01007
      View Details
    • Contact for pricing
      2,466 SF

      Domino's NNN Leased Investment Property

      NNN leased Domino's in Belchertown, MA with 8.5+ years remaining.
      33 Main St, Belchertown, MA 01007
      View Details
    • Contact for pricing
      Pending

      Belchertown Land For Sale

      Commercial land available in Belchertown, Massachusetts.
      11 N Main St, Belchertown, MA 01007
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Belchertown Office Space For Rent

      First floor corner unit with high visibility and recent upgrades.
      37 Main St, Belchertown, MA 01007
      View Details
    • $20 SF/Yr
      2,688 SF

      Belchertown Retail Space For Lease

      2,688 SF retail space suitable for various businesses.
      125 N Main St, Belchertown, MA 01007
      View Details
    • Contact for pricing
      650 SF

      Retail Space For Rent

      Retail space available for lease in Belchertown, Massachusetts.
      1 Stadler St, Belchertown, MA 01007
      View Details
    • $20 SF/Yr

      Retail Space in Belchertown

      Retail space suitable for restaurant, bank, or retail establishment.
      125 N Main St, Belchertown, MA 01007
      View Details
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    37 Main St
    Belchertown, MA 01007
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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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