Professional Office
For Sale
Contact for pricing
117 Park Ave, West Springfield, MA 01089
Multi-suite office property with on-site parking and access to major regional routes.
Property Size5,400 SF
Price / SF$1.26
Days on Market47
Property Features for 117 Park Ave
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Commercial
Zoning
BA-1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$49,944
Building Details
Building Size
5,400 SF
Year Built
1970
Listing Agency:
SR Commercial Realty
Listed By:
Jeremy Casey · License #9585695
(413) 459-4535
Source:
Churchillprop
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 16 at 6:41AM
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 SR Commercial Realty
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Investment Insights
Based on property information with market context.
The property contains 5,400 square feet of office space in a 1970 building, with multiple full-service suites and layouts suited to professional office occupancy. Available configurations include a 1,300-square-foot third-floor suite and a 4,100-square-foot first-floor suite. The property is zoned BA-1 and includes on-site parking.
Access connects the building with I-91, I-90, the Massachusetts Turnpike, and Route 5, supporting convenient travel for employees and visitors. The suite sizes and floor locations provide flexibility for users seeking either a smaller office footprint or a larger first-floor configuration.
Access connects the building with I-91, I-90, the Massachusetts Turnpike, and Route 5, supporting convenient travel for employees and visitors. The suite sizes and floor locations provide flexibility for users seeking either a smaller office footprint or a larger first-floor configuration.
Key Highlights
- 5,400 SF office property in a 1970 building
- 1,300 SF third‑floor office suite
- 4,100 SF first‑floor suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,157
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,463,140
$1.5M
Cap Rate 7%
$1,045,100
$1.0M
Cap Rate 9%
$812,856
$812.9K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$136.1K $25.20/SF
− Vacancy
−$14.2K −$2.62/SF
EGI
$121.9K $22.58/SF
− OpEx
−$48.8K −$9.03/SF
NOI
$73.2K $13.55/SF
Area
Hampden County, MA
Vacancy
10.40%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,463,140
Cap Rate 7%
$1,045,100
Cap Rate 9%
$812,856
Alternative Uses
Best Use
Office B
$2.45M
$2.14M – $2.86M
NOI $171,344 @ 7.0% cap · market cap 2,519.76%
Second Best
Healthcare Medical
$1.05M
$914.5K – $1.22M
NOI $73,157 @ 7.0% cap · market cap 1,075.84%
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,969 @ 7.0% cap · market cap 3,426.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,051
Businesses Nearby
Explore this area
Business Placement
Demographics for 01089, MA
28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,727
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value
Check the figures for this property
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?
Office units - Multi-suite office property with on-site parking and access to major regional routes.
Where is this office units located?
The property is located at 117 Park Ave West Springfield, MA.
What are key features of this property?
This property features: 5,400 SF office property in a 1970 building; 1,300 SF third‑floor office suite; 4,100 SF first‑floor suite
