100 Main St, Springfield, MA 01105
Self-storage facility in Springfield, MA with value-add potential.
- Added:
- Apr 17, 2025
- Days on Market:
- 446
- Last Refresh:
- Mar 16 at 1:14 pm
Property Features for 100 Main St
General Information
- Standard status
- Active
- Size
- 7,050 SF
- Property subtype
- Self Storage
Building Details
- Year Built
- 2015
Listing office Marcus & Millichap - Columbus
Listing date Apr 17, 2025
Source Crexi
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HighLights
- Turnkey self‑storage facility with existing management (Easy Storage Solutions) in place.
- Below market rents offer potential for increased revenue.
- Relatively new construction (built in 2015).
- Caters to small businesses with mostly larger units.
- Includes parking spaces.
- Located in Springfield, Massachusetts.
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.3k | $13.80 |
| − Vacancy | −$5.4k | −$0.76 |
| EGI | $91.9k | $13.04 |
| − OpEx | −$27.6k | −$3.91 |
| NOI | $64.4k | $9.13 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.503524
- Latitude
- 42.159964
