442 State St
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442 State St
7,822 SF 100% Leased Office Building Belchertown, MA 01007 $899,000 ($115/SF) 10.29% Cap Rate
Investment Highlights
- Separate Additional SF 2 bedroom 1 and 1/2 bath home
- Ample Parking
- Owned Solar and EV Charging
Executive Summary
Explore this impressive 7,822 sq. ft. fully leased modern office building that offers a versatile mix of office space and a two-bedroom standalone house. Perfect for both residential and commercial use, the property features a one-car garage, 47 parking spaces, and sits on over 3 acres along Route 202. Energy efficiency is a highlight with owned solar panels generating approximately $7,000 in electricity annually, led indoor and outdoor lighting and complemented by a 7.2 kW ChargePoint EV charger. Fully rented and leased offices. Single family detached month to month. This property presents a unique opportunity to own a sustainable, income-generating space with ample parking and easy access. Seller would like to retain current office space
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Office/Residential
Building Size
7,822 SF
Building Class
C
Year Built
2007
Price
$899,000
Price Per SF
$115
Cap Rate
10.29%
NOI
$92,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,911 SF
Building FAR
0.06
Lot Size
3.00 AC
Zoning
B1
Parking
42 Spaces (5.37 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | BELC-000251-000000-000006 | Total Assessment | $602,000 (2024) |
| Land Assessment | $89,100 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $512,900 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
BELC-000251-000000-000006
Land Assessment
$89,100 (2024)
Improvements Assessment
$512,900 (2024)
Total Assessment
$602,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Presented by
Lpt Realty, LLC The Maggi Group
442 State St
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