Private Lockable Coworking
For Sale
Contact for pricing
11 Almgren Dr # A23, Agawam, MA 01001
Private workspace includes Wi-Fi and shared access to conference rooms and a full kitchen/lounge.
Property Size40 SF
Price / SF$6.25
Days on Market49
Property Features for 11 Almgren Dr # A23
General Information
Standard status
Active
Size
40 SF
Property subtype
Commercial
Lease Type
Gross
Amenities
wifi
shared conference rooms
full kitchen/lounge
Building Details
Year Built
2025
Listing Agency:
Real Broker MA, LLC
(413) 273-1381
Listed By:
Adam Rovithis
(413) 262-2463
Source:
Churchillprop
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 16 at 6:55AM
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 Real Broker MA, LLC
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Investment Insights
Based on property information with market context.
This 40-square-foot private office is located within Next Level CoWork and is designed for users seeking a dedicated, lockable workspace. The office includes Wi-Fi, with some complimentary access to shared conference rooms and the facility’s full kitchen and lounge areas.
The coworking property is at 11 Almgren Dr, Suite A23, in Agawam, Massachusetts. The building was constructed in 2025, providing a recently built setting for this compact office configuration.
The coworking property is at 11 Almgren Dr, Suite A23, in Agawam, Massachusetts. The building was constructed in 2025, providing a recently built setting for this compact office configuration.
Key Highlights
- 40 sq. ft. private office within Next Level CoWork
- Lockable private workspace
- Wi‑Fi included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,269
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,380
$25.4K
Cap Rate 7%
$18,129
$18.1K
Cap Rate 9%
$14,100
$14.1K
Market Conditions
NOI Build-Up for 40 SF
Gross rent
$2.2K $54.24/SF
− Vacancy
−$477 −$11.93/SF
EGI
$1.7K $42.31/SF
− OpEx
−$423 −$10.58/SF
NOI
$1.3K $31.73/SF
Area
Hampden County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,380
Cap Rate 7%
$18,129
Cap Rate 9%
$14,100
Alternative Uses
Best Use
Office B
$18.1K
$15.9K – $21.2K
NOI $1,269 @ 7.0% cap · market cap 507.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$24.7K
$21.6K – $28.8K
NOI $1,726 @ 7.0% cap · market cap 690.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 01001, MA
16,984
Population
7,033
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,503
Density / Sq Mi
$71,924
Median Household Income
$54,266
Median Earnings
$1,305
Median Rent
$270,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Coworking space - Private workspace includes Wi-Fi and shared access to conference rooms and a full kitchen/lounge.
Where is this coworking space located?
The property is located at 11 Almgren Dr # A23 Agawam, MA.
What are key features of this property?
This property features: 40 sq. ft. private office within Next Level CoWork; Lockable private workspace; Wi‑Fi included
