Property profile

420 Race St Holyoke, MA 01040

FOR LEASE
Showrooms
Property ID
US38-1569640
17,800 SF 0.28 ac lot Built 1900
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This Holyoke, MA industrial property at 420 Race St, zip code 01040, offers 22,951 square feet of flexible space across eight suites. Ideal for various businesses, it provides multiple tenancy options with spaces ranging from a minimum of 380 square feet to a maximum contiguous area of 11,010 square feet. Five spaces are currently available, catering to diverse needs, from small studios to large-scale warehouse operations. The property's strategic location ensures convenient access to major transportation routes and local amenities. Its adaptable infrastructure allows for customization to suit individual business requirements, making it an excellent choice for companies seeking a functional and versatile workspace in a thriving commercial area. The building's flexible layout allows for businesses of various sizes and types to find a suitable space. This prime location offers businesses the opportunity to thrive in a dynamic and accessible environment. Contact us to learn more about the available spaces and schedule a viewing.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction FRAME
Total area 17,800 SF
Lot 0.28 ac (12,197 SF)
Zoning code IG
APN HOLY M:0028 B:0007 L:14
UPID US38-1569640

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

420 Race St Holyoke, MA 01040
Holyoke metro Census 811500 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2023
Price N/A
2021
Price N/A

Zoning & alternative use

IG · Holyoke, MA
Zoning description

Allowed only in IG zones within the off-premises sign overlay districts overlay districts, following the size limitations for signs in the business and industrial districts table. 2. May only be permitted on a parcel or…

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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