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    76 Maple St Northampton, MA 01062-1233
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    Property profile & analytics

    76 Maple St, Northampton, MA 01062-1233

    View on Map
    • Investment properties
    • 0.80 lot acres
    Off-Market
    Last Sale Jun 22, 2022
    $1,725,000
    Property ID
    US38-0521064
    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
    $2,080,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 76 Maple St

    Lot size
    0.80 lot acres
    Zone code
    GB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    NHAM M:017C B:0223 L:0001
    APU
    NHAMM017CB0223L0001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 31, 2023 — Blue Mountain Prop LLC — Deed · related $650k · Greenfield Cooperative Bank
    Jun 22, 2022 $1,725,000 Blue Mountain Prop LLC Timothy E Shea T Deed —
    Jun 14, 2022 — Timothy E Shea T Timothy J Shea T Correction Deed · related —

    Description

    This exceptional street-level retail space, located at 78 Maple Street in the heart of Florence Village, offers a unique opportunity for businesses seeking a vibrant and established location. Part of the iconic Parsons Block, a beautifully preserved 1894 brick building, this 1,014 square foot unit boasts large street-facing windows, providing excellent visibility and natural light. The building itself is a two-story structure, featuring a mix of retail spaces on the ground floor and residential apartments above. The property sits on a 1.81-acre lot and benefits from both on and off-street parking options. The building underwent renovations in 2023, ensuring modern amenities within a historically significant setting. The space is part of a 29,444 square foot building with a total of 19 suites, currently enjoying low vacancy rates. The property is zoned for General Business use and offers rear access to a parking lot for convenient loading and unloading. Property taxes are $1.09 per square foot. While there are no elevators, the unit is conveniently located on the ground floor. This is an ideal location for businesses seeking a strong presence in a thriving community with a rich history and a supportive local environment. The building's character and location provide a unique opportunity to establish a business in a highly visible and desirable setting. The minimum divisible space is 1,014 square feet, making it perfect for a variety of retail concepts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,455,000
      ML approach
      $2,420,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Northampton
    County
    Hampshire
    State
    Massachusetts
    Longitude
    -72.6725
    Latitude
    42.3352
    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
    $25,253
    $272,000
    $1,390,500
    $1,662,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      17 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      17 Main St, Northampton, MA 01062-1417
      View Details
    • Value Estimation
      $945,000
      6,464 SF

      7 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      7 Main St, Northampton, MA 01062-1474
      View Details
    • Value Estimation by Request
      0.16 Acres

      16 Maple St

      OFFICE/RESIDENTIAL (MIXED USE)
      16 Maple St, Northampton, MA 01062-1358
      View Details
    • Value Estimation
      $540,000
      4,650 SF

      29 Maple St

      OFFICE/RESIDENTIAL (MIXED USE)
      29 Maple St, Northampton, MA 01062-1506
      View Details
    • Value Estimation
      $785,000
      4,256 SF

      21 Maple St

      OFFICE/RESIDENTIAL (MIXED USE)
      21 Maple St, Northampton, MA 01062-1343
      View Details
    • Value Estimation
      $765,000
      7,200 SF

      52 Maple St

      OFFICE/RESIDENTIAL (MIXED USE)
      52 Maple St, Northampton, MA 01062-1281
      View Details

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    76 Maple St
    Northampton, MA 01062-1233
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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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