Steel Flex Industrial
102 Grove St Chicopee, MA 01020
102 Grove St, Chicopee, MA, 01020
$299,999
For Sale
$299,999
Constructed in 2017, this 2,880 SF steel building includes a 720 SF addition and wet-use utilities for flexible commercial operations.
Property Size3,600 SF
Price / SF$83.33
Days on Market107
Property Features for 102 Grove St
General Information
- Standard status
- Active
- Size
- 3,600 SF
Building Details
- Year Built
- 2017
Listing agency
Lamacchia Realty, Inc.
(774) 666-0070
Listed by
Damien M Dumont
Source
Insightrealtygroup
Added: Apr 6 Updated: Jul 21 at 2:14PM Checked: Jul 21 at 2:14PM
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.
This for-sale steel flex/industrial building was constructed in 2017 and offers a flexible setup for contractor, service, and specialty commercial use. The property includes an approximately 720 SF addition completed about a year ago. The design is suited for wet-use operations, with multiple water connections and a center floor drain. Multiple entrances and utility infrastructure are also in place to support operations requiring water service and potential future expansion.
The seller indicates the property is located in Chicopee Zone 4, which allows a wide range of contractor, service, flex industrial, veterinary, grooming, daycare, wellness, and specialty commercial uses. The seller is open to leasing back the approximately 720 SF portion at $1,000 per month including utilities, subject to lender approval and mutually agreed lease terms.
With a configuration that can support owner occupancy, investment use, or a multi-tenant approach, this property may appeal to buyers looking for wet-use readiness and operational flexibility within Chicopee Zone 4.
The seller indicates the property is located in Chicopee Zone 4, which allows a wide range of contractor, service, flex industrial, veterinary, grooming, daycare, wellness, and specialty commercial uses. The seller is open to leasing back the approximately 720 SF portion at $1,000 per month including utilities, subject to lender approval and mutually agreed lease terms.
With a configuration that can support owner occupancy, investment use, or a multi-tenant approach, this property may appeal to buyers looking for wet-use readiness and operational flexibility within Chicopee Zone 4.
Key Highlights
- 2,880 SF steel building constructed in 2017 in Chicopee Zone 4 with flexible commercial use options.
- Includes an approximately 720 SF addition completed about one year ago.
- Wet‑use designed: multiple water connections and a center floor drain for applicable operations.
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 | $29.4k | $8.16 |
| − Vacancy | −$1.9k | −$0.53 |
| EGI | $27.5k | $7.63 |
| − OpEx | −$8.2k | −$2.29 |
| NOI | $19.2k | $5.34 |
3,600 SF · lease $8.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$660.7K
$578.1K – $770.8K
NOI $46,248 @ 7.0% cap · market cap 15.42%
Second Best
Industrial
$274.7K
$240.3K – $320.5K
NOI $19,227 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,313 @ 7.0% cap · market cap 51.77%
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 - Constructed in 2017, this 2,880 SF steel building includes a 720 SF addition and wet-use utilities for flexible commercial operations.
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 $299,999.
What are key features of this property?
This property features: 2,880 SF steel building constructed in 2017 in Chicopee Zone 4 with flexible commercial use options.; Includes an approximately 720 SF addition completed about one year ago.; Wet‑use designed: multiple water connections and a center floor drain for applicable operations.
