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    442 State St Belchertown, MA 01007

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    442 State St Belchertown, MA 01007

    View on Map
    • Commercial real estate
    • 7,831 SF
    • 3.10 lot acres
    Off-Market
    Property ID
    US38-1364321
    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

    • J P Maggi Paint & Wallpaper / Painting Service / General Contractor
    • Century 21 North East / Real Estate Agency
    • Community Options, Inc. / Charitable Organization / Social Service Agency
    • Maggi Group, LPT Realty / Real Estate Agency
    • Ben's Brickstore / (Bike/Boat/Book/etc) Store / Arcade & Gaming Center

    Property Details for 442 State St

    Year built
    1930
    Lot size
    3.10 lot acres
    Property size
    7,831 SF
    Property type
    Commercial real estate

    Description

    This exceptional Belchertown, MA mixed-use property at 442 State St offers a compelling investment opportunity. The property encompasses 7,831 square feet, distributed across two buildings on a 3.1-acre lot, zoned B1. Built in 1930 and renovated in 2008, the property features five units, including a fully leased modern office building with long-term tenants and a separate two-bedroom house available month-to-month. The office space boasts 47 parking spaces and a one-car garage. Significant energy savings are realized through owned solar panels generating approximately $7,000 annually in electricity credits, energy-efficient LED lighting, and a 7.2 kW ChargePoint EV charger. The property boasts a strong net operating income (NOI) of $92,000, resulting in a 9.95% cap rate. The asking price is $925,000, translating to $118.12 per square foot. The current occupancy date is October 17, 2024. This property presents a rare chance to acquire a sustainable, income-producing asset with substantial parking and convenient access via Route 202. The seller is open to retaining the current office 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
    Belchertown
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.4391454
    Latitude
    42.2660656

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      Belchertown Office Building For Sale

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      Belchertown Land with Panoramic Views

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    Similar Nearby for Sale

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      Belchertown Light Industrial Land Available

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      Belchertown Land For Sale

      Land available for sale in Belchertown, Massachusetts.
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    • $195,000
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      Belchertown Land with Panoramic Views

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    Similar Nearby for Lease

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      Belchertown Office Unit For Rent

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      1,000 SF

      Belchertown Office Space For Rent

      First floor corner unit with high visibility and recent upgrades.
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      Belchertown Office Space For Rent

      Second floor office unit with two private offices available.
      37-C Main St, Belchertown, MA 01007
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      Belchertown Office Space For Rent

      Second-floor office unit with reception area and two private offices.
      37-C Main St, Belchertown, MA 01007
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    • $20 SF/Yr
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      Belchertown Retail Space For Lease

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    • $20 SF/Yr

      Retail Space in Belchertown

      Retail space suitable for restaurant, bank, or retail establishment.
      125 N Main St, Belchertown, MA 01007
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    442 State 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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