Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 Westfield St West Springfield, MA 01089

    Sponsored
    For Sale
    $575,000

    8,042 SF Office Building, 0.68 Acres

    Property size:
    8,042 SF

    Property Features for 120 Westfield St

    General Information

    Property type
    Other office properties
    Square Feet
    8,042 SF
    Price / Square Foot
    $71
    Elevators
    N/A
    Lot Size
    29,621 SF

    Building Details

    Year Built
    1940
    Buildings
    1
    Stories
    1

    Overview

    West Springfield Office Building For Sale

    This 8,042 square foot office building is located in West Springfield, Massachusetts. Situated on a 0.68-acre lot, the property provides approximately 36 on-site parking spaces. Its location offers access to major transportation arteries, including Route 5, I-91, and I-90. The building's central location offers proximity to established businesses, including CVS, Walgreens, Advanced Auto Parts, and M&T Bank. The property's size and location make it suitable for a variety of uses, presenting a strong potential for future growth and return on investment. The property's accessibility and proximity to key retail and commercial centers make it an attractive option for businesses seeking a prominent location with excellent visibility and convenient access for employees and customers.

    We can help!

    Listing Contact
    John Dill

    Learn more

    HighLights

    • 8,042 sq ft office building in West Springfield, MA
    • 0.68‑acre lot with approximately 36 on‑site parking spaces
    • Prime location near major highways (I‑91 & I‑90) and retail businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Microblading By Lana Medical Clinic Eye Care West Ophthalmologist Express Employment Professionals Employment Agency Making Mindful Changes Alternative Medicine Practice Paul's Eyewear Ophthalmologist

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    West Springfield
    State
    Massachusetts

    Nearby Similar for Sale

    • New
      $475,000
      3,322 SF

      Well-Maintained Four-Family Investment Property

      Four-family property with consistent income and future potential.
      63 Worcester St, West Springfield, MA 01089
      View Details
    • Contact for pricing

      Well-Maintained Two-Family Home

      Two-family home with separate utilities in a desirable location.
      74-76 Maple Ter, West Springfield, MA 01089
      View Details
    • $2,100,000

      West Springfield Office Investment Opportunity

      Prime commercial real estate package with leaseback in downtown.
      217-241 Park Ave, West Springfield, MA 01089
      View Details
    • Contact for pricing

      West Springfield Two-Family Opportunity

      Well-maintained two-family near Eastern States Exposition in West Springfield.
      56 Exposition Ter, West Springfield, MA 01089
      View Details
    • Contact for pricing

      West Springfield Two-Family Home

      Well-maintained two-family home in West Springfield, vacant at closing.
      44-46 Spring St, West Springfield, MA 01089
      View Details
    • $489,000

      Well-Maintained Two-Family Near Big E

      Two-family property with income potential near the Big E.
      86 York St, West Springfield, MA 01089
      View Details
    • $335,000
      1,064 SF

      Retail or Office Building For Sale

      Flexible building on a large lot, suitable for various uses.
      148 River St, West Springfield, MA 01089
      View Details
    • Contact for pricing
      759 SF

      West Springfield Condo with Potential

      Two-bedroom condo in West Springfield, ready for updates.
      54 Colony Rd, West Springfield, MA 01089
      View Details
    • Contact for pricing

      Commercial Building with Seasonal Income

      9,576 sq. ft. commercial building with steady and seasonal income.
      52 Baldwin St, West Springfield, MA 01089
      View Details
    • $399,900

      Multi-Unit Home with Unique Layout

      Multi-unit property with potential for multi-generational living.
      278 Elm St, West Springfield, MA 01089
      View Details
    • $319,900

      West Springfield Commercial Investment Opportunity

      Well-maintained commercial property with three established units and parking.
      62 Westfield St, West Springfield, MA 01089
      View Details
    • Contact for pricing

      Classic Brick Office Building

      Well-maintained office building with excellent rental history and convenient location.
      1233 Westfield St, West Springfield, MA 01089
      View Details

    FAQs

    What type of property is this?
    Office property - 8,042 SF Office Building, 0.68 Acres
    Where is this office property located?
    The property is located at 120 Westfield St West Springfield, MA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: 8,042 sq ft office building in West Springfield, MA; 0.68-acre lot with approximately 36 on-site parking spaces; Prime location near major highways (I-91 & I-90) and retail businesses.
    (413) 781-0066
    Request Owner's contact information
    120 Westfield St West Springfield, MA 01089
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    120 Westfield St
    West Springfield, MA 01089
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    120 Westfield St West Springfield, MA 01089
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Dill
    (413) 781-0066
    Learn more
    Google sign-in failed. Please try again or use another login method.