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Property profile & analytics
OFF-MARKET
Estimated value
$9,180,000
Office buildings
70 Main St, Northampton, MA 01062-1466
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1876389
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
BRICK
Total area
18,248 SF
Lot
1.66 ac (72,135 SF)
Zoning code
GB
APN
NHAM M:023A B:0070 L:0001
UPID
US38-1876389
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.40M
CAP Approach
CAP
$9.40M
Comparable Approach
Comparable
$6.84M
Blend (final)
Blend
$9.18M
Owner & transaction history
Florence Rik Mp LLC · 4 yrs held
Florence Rik Mp LLC
since 2021
Last sale
$8.9M
7 recorded transactions
Zoning & alternative use
GB · Northampton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Northampton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northampton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$10,620,000
ML approach
$10,400,000
CAP Approach
CAP Return
Estimation
6%
$10,185,000
6.5%
$9,400,000
7%
$8,730,000
Blend value · Realmo final
$9.18M
Range $8.26M – $10.10M · ±10% · vs last sale $8.91M (Aug 24 2021)
Last sale anchor
$8.91M
Aug 24 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$503 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$43,784
Tax year 2024
Assessed value
$2,882,400
Assessed 2024
Previous assessed
$2,979,200
-3.2% YoY
Effective rate
1.52%
On assessed value
Assessed land
$375,500
Assessed improvement
$2,506,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
18,248 SF
Lot
1.66 ac (72,135 SF)
Zoning code
GB
APN
NHAM M:023A B:0070 L:0001
UPID
US38-1876389
Jurisdiction
NORTHAMPTON
Zoning & alternative use
GB · Northampton, MA
Zoning GB · permitted uses
GB · Northampton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northampton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1982
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Florence Rik Mp LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2021
$8,910,000
Florence Rik Mp LLC
Florence Medical Prop LLC
Quit Claim Arm's Length For Ne States
$298,000,000 · Capital One Bank NA
Apr 10, 2017
$6,300,000
Florence Medical Props
Middle Hampshire Dev G
Quit Claim Deed
related
$27,500,000 · Capital One Bank NA
Dec 28, 2012
—
Middle Hampshire Dev Grp
—
Deed Of Trust
related
$6,350,000 · Country Bank
May 23, 2007
$4,000
92 Main St Partners LLC
Middle Hampshire Dev LLC
Grant Deed
—
Sep 14, 2001
$850,000
Valley Medical Group P
Community Health Plan
Grant Deed
—
Sep 14, 2001
—
Middle Hampshire Devel
—
Grant Deed
related
$720,000 · First Massachusetts Bank
Jun 13, 1990
—
David R Pesuit
—
Deed Of Trust
related
$107,799 · Bank Of New Eng, West
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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