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    221 Industry Ave Springfield, MA 01104

    For Lease
    $14 SF/Yr ($14,055 /Mo)

    11,632 SF office building with ample parking and highway access.

    Property size:
    11,632 SF
    Lot size:
    11,632 SF

    Property Features for 221 Industry Ave

    General Information

    Size
    11,632 SF

    Building Details

    Year built
    1988

    Source: David Wolos Agent David Wolos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Office Building Near Highways

    This 11,632 square foot office building features a welcoming lobby, reception and waiting area, 8 private offices, and a spacious open work area. The layout includes 3 conference rooms and a large meeting/conference room. A dedicated employee lounge area is also available. The property is equipped with a loading platform and paved parking for over 100 vehicles. The building is located approximately 1.0 mile from I-291 and 2.2 miles from I-91, providing convenient access to major highways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    REALTOR® Association of Pioneer ... Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5409056
    Latitude
    42.1386921

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    FAQs

    What type of property is this?
    Office building - 11,632 SF office building with ample parking and highway access.
    Where is this office building located?
    The property is located at 221 Industry Ave Springfield, MA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Convenient highway access: Located just 1.0 mile from I-291 and 2.2 miles from I-91.; - Ample parking: Paved parking available for over 100 vehicles.; - Spacious office building: 11,632 square feet of office space.
    (413) 200-6019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    221 Industry Ave Springfield, MA 01104
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