Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    378 Maple St Holyoke, MA 01040
    Back to Search
    Property profile & analytics

    378 Maple St Holyoke, MA 01040

    View on Map
    • Commercial real estate
    • 18,345 SF
    • 0.85 lot acres
    Off-Market
    Property ID
    US38-0722250
    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

    • Congregation Sons of Zion / Synagogue

    Property Details for 378 Maple St

    Year built
    1949
    Lot size
    0.85 lot acres
    Property size
    18,345 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.85-acre property in downtown Holyoke, Massachusetts, presents a unique redevelopment opportunity. Located at 378 Maple St, zip code 01040, this site encompasses an entire city block bordered by High St, Cabot St, Maple St, and Worcester Place, offering unparalleled visibility due to traffic signals at two corners. The existing 18,345 square foot, three-story building, constructed in 1949, features a versatile layout including two sanctuaries, offices, classrooms, large community rooms, a spacious kitchen, and an elevator. Currently zoned BC, this property is ideally suited for adaptive reuse as an educational facility, community center, or other commercial ventures. The substantial size and prime location make it an attractive investment for developers seeking to capitalize on the revitalization of downtown Holyoke. The property's existing infrastructure provides a solid foundation for a variety of projects, offering significant potential for return on investment. This is a rare chance to acquire a large, centrally located parcel in a growing urban area. The property includes one building with 18,345 square feet of net rentable space.

    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
    -72.612939916225
    Latitude
    42.202865326428

    Comparable in this City

    • $265,000
      2,254 SF

      Downtown Corner Redevelopment Opportunity

      Prime corner location suitable for redevelopment or reuse.
      630 Dwight St, Holyoke, MA 01040
      View Details
    • $200,000

      Downtown Holyoke Commercial Building For Sale

      Commercial building in downtown Holyoke with multiple units available.
      449-451 High St, Holyoke, MA 01040
      View Details
    • $265,000

      Downtown Corner Redevelopment Opportunity

      Prime corner location suitable for redevelopment or reuse.
      630 Dwight St, Holyoke, MA 01040
      View Details
    • $1,075,000

      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
    • 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
      7,000 SF

      Retail Space and Commercial Land

      Retail and commercial land available for sale.
      44 Holyoke St, Holyoke, MA 01040
      View Details

    Similar Nearby for Sale

    • $200,000

      Downtown Holyoke Commercial Building For Sale

      Commercial building in downtown Holyoke with multiple units available.
      449-451 High St, Holyoke, MA 01040
      View Details
    • $265,000

      Downtown Corner Redevelopment Opportunity

      Prime corner location suitable for redevelopment or reuse.
      630 Dwight St, Holyoke, MA 01040
      View Details
    • $1,075,000

      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
    • 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
    • $265,000
      2,254 SF

      Downtown Corner Redevelopment Opportunity

      Prime corner location suitable for redevelopment or reuse.
      630 Dwight St, Holyoke, MA 01040
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space and Commercial Land

      Retail and commercial land available for sale.
      44 Holyoke St, Holyoke, MA 01040
      View Details

    Similar Nearby for Lease

    • 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

      Downtown Commercial Space For Rent

      Ground level commercial space in the heart of downtown.
      193 High St, Holyoke, MA 01040
      View Details
    • $11 SF/Yr

      Retail/Office Space with Warehouse Option

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

      Charming Holyoke Office Space

      1,223 sq ft office with exposed brick and utilities included.
      10 Gatehouse Rd, Holyoke, MA 01040
      View Details
    • $20 SF/Yr
      7,900 SF

      Office Space in Holyoke, MA

      Office space for lease in Holyoke, Massachusetts.
      36-40 Bobala Rd, 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

    Property Visit Statistics

    • Visits by month
      12.2k
    • Visitors by month
      7.5k
    • Avg Time on site
      20 min
    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.
    378 Maple 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
    378 Maple 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!