Clear-Span Flex
For Sale
Contact for pricing
101 Verge St, Springfield, MA 01129
Masonry flex property with industrial operations, office accommodation, and an upper-level apartment.
Property Size12,000 SF
Lot Size1.20 Acres
Price / SF$100
Days on Market135
Property Features for 101 Verge St
General Information
Standard status
Active
Size
12,000 SF
Lot size
1.20 Acres
Property subtype
INDUSTRIAL
Zoning
Industrial A
Warehouse & Industrial
Clear Height
16 ft
Clear Span
Yes
Warehouse Space
11,000 SF
Office Build-Out
1,000 SF
Drive-In Doors
6
Power
400 amps
Voltage
208 V
Conditioned Warehouse
No
Additional Details
Asking Price
$1,200,000
Utilities to Site
Yes
Building Details
Stories
2
Construction
Masonry
Listing Agency:
CBRE | Hartford
(860) 525-9171
Listed By:
John Reed, SIOR
(860) 559-1562
Source:
Moodyscre
Added: Jun 4
Changed: Oct 11
Last Checked: Oct 15 at 2:31AM
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
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Investment Insights
Based on property information with market context.
This two-story masonry flex property contains 12,000 SF, including 11,000 SF of industrial area and 1,000 SF of office space. The industrial floor is clear span with 10’-16’ clear ceilings and six drive-in doors ranging from 8’ x 8’ to 14’ x 20’. A 1,500 SF apartment occupies the second floor. The membrane roof was installed in 2023.
The 1.20-acre site provides 52,657 SF of land area, ample parking, and Industrial A zoning. Building systems include fluorescent lighting, gas FHA heat, office air-conditioning, 400 Amps at 120/208 Volts, and municipal water and sewer service. Eversource supplies both electric and gas. The property is 3 miles from I-291 or the Mass Pike, with possession scheduled for Q1 2026.
The 1.20-acre site provides 52,657 SF of land area, ample parking, and Industrial A zoning. Building systems include fluorescent lighting, gas FHA heat, office air-conditioning, 400 Amps at 120/208 Volts, and municipal water and sewer service. Eversource supplies both electric and gas. The property is 3 miles from I-291 or the Mass Pike, with possession scheduled for Q1 2026.
Key Highlights
- 12,000 SF building with 11,000 SF industrial area and 1,000 SF office area
- 1.20 acres (52,657 SF) of land with ample parking
- 10’-16’ clear ceiling height and clear‑span industrial area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,544
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,190,880
$2.2M
Cap Rate 7%
$1,564,914
$1.6M
Cap Rate 9%
$1,217,156
$1.2M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$165.6K $13.80/SF
− Vacancy
−$9.1K −$0.76/SF
EGI
$156.5K $13.04/SF
− OpEx
−$46.9K −$3.91/SF
NOI
$109.5K $9.13/SF
Area
Springfield, MA
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,190,880
Cap Rate 7%
$1,564,914
Cap Rate 9%
$1,217,156
Alternative Uses
Best Use
Flex RnD
$2.31M
$2.02M – $2.70M
NOI $161,834 @ 7.0% cap · market cap 13.49%
Second Best
Industrial
$1.56M
$1.37M – $1.83M
NOI $109,544 @ 7.0% cap · market cap 9.13%
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 authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
6
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01129, MA
7,024
Population
2,699
Households
2.6
Avg Household Size
43
Median Age
31%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
2,066
Density / Sq Mi
$92,500
Median Household Income
$49,316
Median Earnings
$1,325
Median Rent
$239,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Moe's Southwest Grill — 1300 Boston Rd, Springfield, MA 01119
Frequently Asked Questions
What type of property is this?
Flex space - Masonry flex property with industrial operations, office accommodation, and an upper-level apartment.
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 building with 11,000 SF industrial area and 1,000 SF office area; 1.20 acres (52,657 SF) of land with ample parking; 10’-16’ clear ceiling height and clear‑span industrial area
