Flex Space with Office
106 East Longmeadow Rd, Hampden, MA 01036
For Sale
Contact for pricing
Flexible commercial space combines office functionality with overhead-door access for a small business.
Property Size1,000 SF
Price / SF$0.75
Days on Market303
Property Features for 106 East Longmeadow Rd
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Additional Details
Office Build-Out
Building Details
Building Size
Year Built
Listing Agency:
Perella Real Estate
(413) 525-9800
Listed By:
Carl Perella · License MA #9018160
(413) 531-5030
Source:
Churchillprop
Added: Jan 14
Changed: Nov 1
Last Checked: Nov 12 at 5:23AM
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 Perella Real Estate
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Investment Insights
Based on property information with market context.
This 2,000-square-foot flex property, built in 1980, includes 1,000 square feet of office space and a 12-by-12-foot overhead door. The configuration supports a small business seeking a combination of workspace and office functionality.
The space may be acquired as a complete unit or as an individual portion. Additional space may also be available for expansion as it becomes available. The property is located at 106 East Longmeadow Rd in Hampden, Massachusetts.
The space may be acquired as a complete unit or as an individual portion. Additional space may also be available for expansion as it becomes available. The property is located at 106 East Longmeadow Rd in Hampden, Massachusetts.
Key Highlights
- 2,000‑square‑foot flex property built in 1980
- 1,000 square feet of office space
- 12‑by‑12‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,681
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,620
$213.6K
Cap Rate 7%
$152,586
$152.6K
Cap Rate 9%
$118,678
$118.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$16.3K $8.16/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$15.3K $7.63/SF
− OpEx
−$4.6K −$2.29/SF
NOI
$10.7K $5.34/SF
Area
Hampden County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,620
Cap Rate 7%
$152,586
Cap Rate 9%
$118,678
Alternative Uses
Best Use
Office B
$906.6K
$793.3K – $1.06M
NOI $63,461 @ 7.0% cap
Second Best
Flex RnD
$367.0K
$321.2K – $428.2K
NOI $25,693 @ 7.0% cap
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,285 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 01036, MA
4,966
Population
2,025
Households
2.5
Avg Household Size
51
Median Age
38%
College-Educated
98%
High-School Grad
19.6 sq mi
ZIP Area
253
Density / Sq Mi
$110,703
Median Household Income
$58,688
Median Earnings
$345,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Hampden County, MA
Properties on Market for Flex space in Hampden County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial space combines office functionality with overhead-door access for a small business.
Where is this flex space located?
The property is located at 106 East Longmeadow Rd Hampden, MA.
What are key features of this property?
This property features: 2,000‑square‑foot flex property built in 1980; 1,000 square feet of office space; 12‑by‑12‑foot overhead door
