Industrial Flex Warehouse with
101 Verge St Springfield, MA 01129
101 Verge St, Springfield, MA, 01129
Contact for pricing
For Sale
Contact for pricing
Masonry warehouse with clear span interior, 10 to 16-foot clear heights, and office space plus multiple drive-in doors.
Property Size12,000 SF
Lot Size1.20 Acres
Price / SF$100
Days on Market48
Property Features for 101 Verge St
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 1.20 Acres
- Property subtype
- INDUSTRIAL
Listing agency
CBRE | Hartford
(860) 559-1562
Listed by
John Reed, SIOR · License #9551299
(860) 559-1562
Source
Moodyscre
Added: Jun 4 Updated: Jul 20 at 7:03PM Checked: Jul 21 at 5:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Hartford
Investment Insights
Based on property information with market context.
This industrial flex warehouse totals 12,000 SF, with 11,000 SF of industrial area and 1,000 SF of office space. The facility features clear span construction and ceiling heights ranging from 10 to 16 feet clear. Floors are configured as two levels, including a 1,500 SF apartment on the second floor. The roof is a membrane system installed in 2023, and the building has fluorescent lighting and gas FHA heat. Offices are air-conditioned, and power is provided via Eversource service at 400 amps (120/208 volts).
The property includes 6 drive-in doors sized for various vehicle access openings, and it is sited on 1.20 acres with ample parking. It is zoned Industrial A, with utilities available through City of Springfield water and sewer connections. The site is approximately 3 miles to I-291 or the Mass Pike, supporting convenient regional access.
With its clear-span industrial layout and multiple drive-in entries, the building is well-suited for operations that need flexible storage and working space on the ground level, alongside office use.
The property includes 6 drive-in doors sized for various vehicle access openings, and it is sited on 1.20 acres with ample parking. It is zoned Industrial A, with utilities available through City of Springfield water and sewer connections. The site is approximately 3 miles to I-291 or the Mass Pike, supporting convenient regional access.
With its clear-span industrial layout and multiple drive-in entries, the building is well-suited for operations that need flexible storage and working space on the ground level, alongside office use.
Key Highlights
- 12,000 SF masonry industrial building with 11,000 SF industrial area and 1,000 SF office area
- Clear‑span interior with 10'-16' clear ceiling height
- Multiple drive‑in doors totaling 6 bays, including 8' x 8', 8' x 10', 10' x 10', 10' x 12', and 14' x 20'
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 | $165.6k | $13.80 |
| − Vacancy | −$9.1k | −$0.76 |
| EGI | $156.5k | $13.04 |
| − OpEx | −$46.9k | −$3.91 |
| NOI | $109.5k | $9.13 |
12,000 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$2.31M
$2.02M – $2.70M
NOI $161,834 @ 7.0% cap · market cap 13.49%
Second Best
Warehouse
$1.83M
$1.60M – $2.13M
NOI $127,908 @ 7.0% cap · market cap 10.66%
Theoretical Best
Office A
$3.26M
$2.85M – $3.80M
NOI $228,096 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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Similar Off Market Nearby
- Moe's Southwest Grill — 1300 Boston Rd, Springfield, MA 01119
FAQs
What type of property is this?
Flex space - Masonry warehouse with clear span interior, 10 to 16-foot clear heights, and office space plus multiple drive-in doors.
Where is this flex space located?
The property is located at 101 Verge St Springfield, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 12,000 SF masonry industrial building with 11,000 SF industrial area and 1,000 SF office area; Clear‑span interior with 10'-16' clear ceiling height; Multiple drive‑in doors totaling 6 bays, including 8' x 8', 8' x 10', 10' x 10', 10' x 12', and 14' x 20'
