Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    77 Servistar Industrial Way Westfield, MA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    33,356 SF food processing and warehouse building for lease.

    Type:INDUSTRIAL
    Property size:
    33,356 SF
    Lot size:
    6.26 Acres
    Added:
    Jan 29, 2024
    Days on Market:
    793
    Last Refresh:
    Mar 29 at 10:08 pm

    Property Features for 77 Servistar Industrial Way

    General Information

    Standard status
    Active
    Size
    33,356 SF
    Lot size
    6.26 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 77 Servistar Industrial Way Contact us

    We can help!

    Listing Contact
    David Stubblebine
    David Stubblebine

    Listing agent David Stubblebine

    Listing office The Stubblebine Company - CORFAC International

    Listing date Jan 29, 2024

    Source Moodyscre

    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 The Stubblebine Company - CORFAC International

    Overview

    Food Processing/Warehouse Building For Lease

    Available for lease is a 33,356 square foot building suitable for food processing and warehouse use. The property is located on Servistar Industrial Way in Westfield, MA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center Department Store Kitchen & Bath Showroom

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

    Similar Places Nearby

    • Lineage — 45 Campanelli Dr, Westfield, MA 01085
    • C&S Wholesale Grocers — 50 Summit Lock Rd, Westfield, MA 01085
    • JML Storage — 264 Lockhouse Rd, Westfield, MA 01085
    • Bert Hill Moving & Storage — 978 Southampton Rd, Westfield, MA 01085

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.7339
    Latitude
    42.165

    Nearby Similar for Lease

    • $6/mo

      Industrial Space Available For Lease

      50,000 SF industrial space for lease in Westfield.
      22 Progress Avenue, Westfield, MA, 01085
      View Details
    • Contact for pricing

      Industrial Building with Office Space

      Industrial building with office space available for lease in Westfield.
      24 Elise St, Westfield, MA
      View Details
    • Contact for pricing

      Industrial Warehouse in Westfield, MA

      30,780 SF industrial warehouse suitable for food processing or warehouse.
      77 Servistar Industrial Way, Westfield, MA 01085
      View Details
    • Contact for pricing

      Industrial Warehouse on 5 Acres

      26,815 SF industrial warehouse for lease on 5 acres.
      69 Neck Rd, Westfield, MA 01085
      View Details
    • Contact for pricing

      Westfield Industrial Facility For Lease

      50,000 SF industrial building on 10.51 acres for lease.
      22 Progress Avenue, Westfield, MA 01085
      View Details
    • Contact for pricing

      Westfield Flex Space Available

      Flex space available for rent in Westfield, Massachusetts.
      34 Elise St, Westfield, MA
      View Details
    • $13/mo

      Retail Space in Yankee Village

      Retail space for lease in Westfield's Yankee Village Plaza.
      43-65 Southwick Rd, Westfield, MA
      View Details
    • Contact for pricing

      Retail Space in Westfield, MA

      Retail space available for lease in Westfield, Massachusetts.
      74-78 Franklin St, Westfield, MA
      View Details
    • $1.60/mo

      Westfield Office Space Available

      Office space for rent in Westfield, Massachusetts.
      103 Servistar Industrial Wy, Westfield, MA
      View Details
    • $10/mo

      Westfield Office Space For Lease

      Office space for lease with great visibility and easy access.
      130 Southampton Rd, Westfield, MA
      View Details
    • $1.25/mo

      Industrial Space Available in Westfield

      3,000 square foot industrial property for rent in Westfield.
      67 Mainline Dr, Westfield, MA
      View Details
    • Contact for pricing

      Retail Space in Westfield, MA

      Retail space available for lease in Westfield, Massachusetts.
      415 E Main St, Westfield, MA
      View Details

    FAQs

    What type of property is this?
    Warehouse - 33,356 SF food processing and warehouse building for lease.
    Where is this warehouse located?
    The property is located at 77 Servistar Industrial Way Westfield, MA.
    What are key features of this property?
    This property features: 33,356 SF Food Processing/Warehouse Building; For Lease; Ideal for Food Processing Use
    (617) 592-3391
    We can help!
    Listing Contact
    David Stubblebine
    David Stubblebine
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!