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

    7 Pleasant St Ste 2a Amherst, MA 01002-1776

    • Commercial real estate
    • 5,919 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0985638
    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

    • Hart William E / Attorney
    • August Fundraising Strategies / Consultant
    • Expeditionary Learning / School
    • Long River Ventures / Corporate Office
    • TDS Speech / Speech Pathologist

    Property Details for 7 Pleasant St Ste 2a

    Year built
    1861
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    5,919 SF
    Property type
    Commercial real estate
    APN
    AMHE M:0014A B:002A L:0053
    APU
    AMHEM0014AB002AL0053

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $945,000
      6.5%
      $875,000
      7%
      $810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,074,000
      Market price range: $628k - $1.47M
      AI Estimate
      $756,000
      Market price range: $348k - $1.24M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,030,000
      Current use
      OFFICE BUILDING
      $1,135,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $920,000
      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
    -72.5195
    Latitude
    42.3758
    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
    $20,046
    $0.00
    $1,083,000
    $1,083,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $610,000
      7,500 SF

      461 Ww St

      SHOW ROOM, WAREHOUSE • 7,500 SF
      461 Ww St, Amherst, MA 01002-2965
      View Details
    • Value Estimation by Request
      4.51 Acres

      30 Green Leaves Dr

      Land • 4.51 Acres
      30 Green Leaves Dr, Amherst, MA 01002
      View Details
    • Value Estimation by Request
      1,328 SF

      13 Railroad St

      SHOW ROOM, WAREHOUSE • 1,328 SF
      13 Railroad St, Amherst, MA 01002-2318
      View Details
    • Value Estimation by Request
      998 SF

      8 Main St, Unit C

      COMMERCIAL CONDOMINUIM • 998 SF
      8 Main St, Amherst, MA 01002-2328
      View Details
    • Value Estimation
      $3,370,000
      25,201 SF

      6 University Dr Ste, Unit 22

      COMMERCIAL (GENERAL) • 25,201 SF
      6 University Dr Ste, Amherst, MA 01002-2265
      View Details
    • Value Estimation
      $540,000
      3,370 SF

      28 Amity St Ste 2a

      COMMERCIAL CONDOMINUIM • 3,370 SF
      28 Amity St Ste 2a, Amherst, MA 01002-2785
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.01 Acres

      Amherst Office Space: Historic Charm

      Prime Amherst location, updated office space.
      664 Main St, Amherst, MA 01002
      View Details
    • $900,000

      Amherst Land For Sale

      Land available for sale in Amherst, Massachusetts.
      30 Green Leaves Dr, Amherst, MA 01002
      View Details
    • $1,400,000

      18.56 Acre Land Parcel

      18.56 acre parcel zoned for Professional and Research Park.
      Sunderland Rd, Amherst, MA 01002
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    • $989,900

      Historic Amherst Multifamily Home

      Historic Queen-Anne multifamily home with modern upgrades in downtown Amherst.
      18 N Prospect St, Amherst, MA 01002
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    • $899,900

      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.
      65 N Prospect St, Amherst, MA 01002
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    Similar Nearby for Lease

    • $25 SF/Yr
      487 SF

      Amherst Office Space for Lease

      Downtown Amherst Office Suites Available
      48 Pleasant St, Amherst, MA 01002
      View Details
    • $18 SF/Yr
      900 SF

      Amherst Crossing Office Suite

      Prime Office Space, 900 sq ft Available
      383 College St, 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
    • $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
    • $21 SF/Yr
      4,038 SF

      Adaptable Retail Space Near UMass

      4,038 SF retail space for lease near UMass Amherst.
      59 Cowls Rd, Amherst, MA 01002
      View Details
    • $1,140 /Mo
      487 SF

      Office Suite Available For Rent

      Office suite for rent featuring an open layout.
      48 N Pleasant St, Amherst, MA 01002
      View Details
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    7 Pleasant St Ste 2a
    Amherst, MA 01002-1776
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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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