Flexible Flex/Industrial
102 Grove St Chicopee, MA 01020
102 Grove St, Chicopee, MA, 01020
$475,000
For Sale
$475,000
2017 steel commercial building with wet-use plumbing, central floor drain, and a divisible layout for owner-user or multiple tenants.
Property Size2,880 SF
Price / SF$164.93
Days on Market90
Property Features for 102 Grove St
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2017
Listing agency
Lamacchia Realty, Inc.
(774) 666-0070
Listed by
Damien Dumont
(774) 666-0070
Source
Aucoinryanrealty
Added: Apr 23 Updated: Jul 20 at 6:50PM Checked: Jul 20 at 6:50PM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 2017, this Morton steel commercial building was originally designed for dog daycare, grooming, training, food preparation, and hydrotherapy use for both animals and people. The original structure totals 2,160 sq ft, with a newer 720 sq ft addition bringing total area to 2,880 sq ft. The interior includes multiple water connections and a center floor drain, supporting operations that require wet-use capabilities.
The property is handicap accessible and served by public water and sewer. Four mini split systems provide heating and cooling. The addition may offer optional rental income of approximately $1,000 per month if desired by a future owner, and drainage infrastructure has been sized for potential future expansion.
A divisible interior layout supports either an owner-user configuration or a multi-tenant setup. Convenient access is provided to Chicopee Marketplace, the Memorial Drive corridor, and major routes including I-90, I-91, I-291, and I-391.
The property is handicap accessible and served by public water and sewer. Four mini split systems provide heating and cooling. The addition may offer optional rental income of approximately $1,000 per month if desired by a future owner, and drainage infrastructure has been sized for potential future expansion.
A divisible interior layout supports either an owner-user configuration or a multi-tenant setup. Convenient access is provided to Chicopee Marketplace, the Memorial Drive corridor, and major routes including I-90, I-91, I-291, and I-391.
Key Highlights
- 2017 Morton steel commercial building with wet‑use plumbing and central floor drain for drainage‑supported operations
- 2,880 sq ft total: 2,160 sq ft original structure plus a 720 sq ft newer addition
- Built for flexible wet‑use uses including dog daycare, grooming, training, food preparation, and hydrotherapy (animals and people)
Local Financial Insights For Flex RnD
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 | $62.2k | $21.60 |
| − Vacancy | −$5.3k | −$1.84 |
| EGI | $56.9k | $19.76 |
| − OpEx | −$19.9k | −$6.92 |
| NOI | $37.0k | $12.85 |
2,880 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$528.5K
$462.5K – $616.6K
NOI $36,998 @ 7.0% cap · market cap 7.79%
Second Best
Industrial
$219.7K
$192.3K – $256.4K
NOI $15,381 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,250 @ 7.0% cap · market cap 26.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mutt Cuts
Pet Grooming Service
Mutt Rescue, Inc
Animal Shelter
Similar For Sale Nearby
Similar Off Market Nearby
- Mixhaulogy Mobile Bartending Services — 452 Broadway St, Chicopee, MA 01020
FAQs
What type of property is this?
Flex space - 2017 steel commercial building with wet-use plumbing, central floor drain, and a divisible layout for owner-user or multiple tenants.
Where is this flex space located?
The property is located at 102 Grove St Chicopee, MA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2017 Morton steel commercial building with wet‑use plumbing and central floor drain for drainage‑supported operations; 2,880 sq ft total: 2,160 sq ft original structure plus a 720 sq ft newer addition; Built for flexible wet‑use uses including dog daycare, grooming, training, food preparation, and hydrotherapy (animals and people)
