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48 N Pleasant St Amherst, MA 01002

Office buildings Google Maps
15,357 SF 0.24 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity
48 N Pleasant St, Amherst, MA 01002 For Lease
Contact for pricing
48 N Pleasant St, Amherst, MA 01002
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Estimated value (blended)
$4.02M
Range $3.61M – $4.42M (±10%)
Property ID US38-0818512

Property summary

AI-generated overview

This exceptional Amherst, MA office space, located at 48 N Pleasant Street (cross street: Amity Street), offers a prime location in the heart of downtown. The building, a three-story Class B property constructed in 1984, features two total suites with elevator access. Ideal for businesses seeking flexible space, this listing presents one available office suite ranging from 404 to 487 contiguous square feet. The minimum divisible space is 404 square feet, making it suitable for a variety of tenant needs. The building is conveniently zoned for business use and is handicap accessible, ensuring inclusivity and convenience. This traditional office space provides a professional environment within a vibrant downtown setting, offering easy access to local amenities and businesses. The property's central location and functional design make it an attractive option for companies seeking a well-maintained and accessible office space in Amherst. The building's multiple tenancy structure allows for a diverse range of businesses to coexist. This is a fantastic opportunity to establish a presence in a thriving downtown area. Inquire today to learn more about leasing options and availability.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction STEEL FRAME
Total area 15,357 SF
Lot 0.24 ac (10,670 SF)
APN AMHE M:0014A B:0000 L:0040
UPID US38-0818512

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Tax Preparation
  • Hair Salon
  • Real Estate Agency
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.06M
Blend (final) Blend
$4.02M

Owner & transaction history

since 2022
6 recorded transactions
2022
Price N/A
2020
Price N/A
2012
Price N/A
1997
Price N/A
1990
Price N/A
1989
Price N/A

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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