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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    44 Belchertown Rd Amherst, MA 01002

    • Investment properties
    • 16,933 SF
    • 1.02 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Last Sale
    Mar 29, 2022
    $25,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0153918
    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

    • Verité, Inc. / Non-Profit Organization
    • Chiliad Publishing / Software Company

    Property Details for 44 Belchertown Rd

    Year built
    1999
    Construction
    FRAME
    Lot size
    1.02 lot acres
    Property size
    16,933 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    AMHE M:0015C B:0000 L:0063
    APU
    AMHEM0015CB0000L0063

    Description

    This exceptional first-floor office suite, totaling over 16,000 square feet within a larger 16,933 square foot building, is ideally situated at 44 Belchertown Road in Amherst, Massachusetts, directly off Route 9. The single-tenant space boasts a versatile layout perfect for a variety of businesses, including traditional, executive, medical, or creative office uses. Built in 1999, this three-story building sits on 1.02 acres of land and is zoned COM. The suite itself features over a dozen private offices, providing ample space for individual work and collaboration. A dedicated conference room facilitates meetings and presentations, while two conveniently located kitchenettes cater to staff needs. Multiple bathrooms ensure comfort and convenience for occupants and visitors. Several offices offer stunning views of the adjacent Fort River Community Garden and the picturesque eastern mountains, creating a pleasant and inspiring work environment. This prime location offers easy access to downtown Amherst and the area's prominent colleges, making it an attractive option for businesses seeking a vibrant and accessible location. The property's strategic placement near Route 9 ensures excellent visibility and convenient commuting for employees and clients alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,705,000
      6.5%
      $2,495,000
      7%
      $2,320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,140,000
      Market price range: $1.80M - $4.21M
      AI Estimate
      $1,506,000
      Market price range: $995k - $3.55M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,945,000
      Current use
      OFFICE BUILDING
      $3,240,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $2,635,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.4982
    Latitude
    42.3728
    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
    $39,932
    $266,300
    $1,891,000
    $2,157,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $755,000
      4,863 SF

      87 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,863 SF
      87 Pleasant St, Amherst, MA 01002-1702
      View Details
    • Value Estimation
      $680,000
      5,832 SF

      37 Pleasant St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,832 SF
      37 Pleasant St, Amherst, MA 01002-2882
      View Details
    • Value Estimation
      $4,920,000
      32,045 SF

      70 University Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 32,045 SF
      70 University Dr, Amherst, MA 01002-2444
      View Details
    • Value Estimation
      $675,000
      5,854 SF

      60-62 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,854 SF
      60-62 Main St, Amherst, MA 01002
      View Details
    • Value Estimation
      $665,000
      3,999 SF

      24-26 Prospect St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,999 SF
      24-26 Prospect St, Amherst, MA 01002
      View Details
    • Value Estimation
      $3,735,000
      10,587 SF

      85 Whitney St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,587 SF
      85 Whitney St, Amherst, MA 01002-1881
      View Details

    Similar Nearby for Sale

    • $900,000

      Amherst Land For Sale

      Land available for sale in Amherst, Massachusetts.
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    • $1,400,000

      18.56 Acre Land Parcel

      18.56 acre parcel zoned for Professional and Research Park.
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      Historic Amherst Multifamily Home

      Historic Queen-Anne multifamily home with modern upgrades in downtown Amherst.
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      Renovated Multifamily Near Amherst Colleges

      Updated 3-family near UMass and Amherst College.
      48 Gray St, Amherst, MA 01002
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    • $850,000

      Two-Unit Multifamily Near UMass Amherst

      Well-maintained two-unit multifamily near UMass Amherst and downtown.
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    • $989,999

      Amherst Equestrian Estate on 14 Acres

      Turnkey equestrian estate with barns, paddocks, and farmhouse.
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    Similar Nearby for Lease

    • $18 SF/Yr
      900 SF

      Amherst Crossing Office Suite

      Prime Office Space, 900 sq ft Available
      383 College St, Amherst, MA 01002
      View Details
    • $25 SF/Yr
      487 SF

      Amherst Office Space for Lease

      Downtown Amherst Office Suites Available
      48 Pleasant St, Amherst, MA 01002
      View Details
    • $11 SF/Yr
      4,908 SF

      Amherst Office Space Available

      Office space available for lease in Amherst, Massachusetts.
      44 Belchertown Rd, Amherst, MA 01002
      View Details
    • $12 SF/Yr
      2,984 SF

      Amherst Commercial Property For Lease

      2,984 SF property on 1.75 acres near UMass Amherst.
      65 University Dr, Amherst, MA 01002
      View Details
    • $14 SF/Yr
      10,500 SF

      Amherst Office Space Available

      Prime Amherst office space, flexible layouts.
      160 Old Farm Rd, Amherst, MA 01002
      View Details
    • $1,750 /Mo
      900 SF

      Retail/Office Suite in Amherst

      Retail or office suite available in Amherst Crossing.
      377 College St, Amherst, MA 01002
      View Details
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    44 Belchertown Rd
    Amherst, MA 01002
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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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