Property profile

451 Russell St Hadley, MA 01035

OFF-MARKET
Retail properties & Spaces
Property ID
US38-2079780
8,800 SF 0.21 ac lot Built 1968
Entity Owned Free & Clear
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Property summary

AI-generated overview

This single-tenant retail/office property, located at 451 Russell Street in Hadley, Massachusetts, 01035, offers 3,640 square feet of versatile space. Situated on 0.86 acres of land, this Class B building boasts a prominent location near the intersection of Russell Street and Route 116, providing excellent visibility and accessibility. Built in 1968 and extensively renovated in 2019, the property features a modern interior, delivered as a "vanilla shell," ready for tenant build-out. The single-story building includes 36 total parking spaces, catering to both employees and customers. The property is zoned GB and is located in a thriving commercial area of Hadley, close to downtown Amherst and the University of Massachusetts Amherst. Nearby businesses include Friendly's, Pride, Domino's, Applebee's, Chili's, Marriott, F L Roberts, Stop & Shop, T J Maxx, and Liquors 44, indicating a strong retail presence and high traffic volume. Annual property taxes are $0.89 per square foot. This property presents a unique opportunity for businesses seeking a well-located, renovated space in a dynamic commercial environment.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1968
Construction STEEL FRAME
Total area 8,800 SF
Lot 0.21 ac (9,300 SF)
APN HADL M:0010D B:0024A L:0001
UPID US38-2079780

Cap rate & NOI

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

Location

451 Russell St Hadley, MA 01035-9578
Hadley metro Census 821400 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
$389k
Blend (final) Blend
$325k

Owner & transaction history

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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