1168 Boston Rd, Springfield, MA
High-traffic location suitable for retail, restaurant, or office use.
- Added:
- Nov 1, 2024
- Days on Market:
- 613
- Last Refresh:
- Jun 29 at 8:56 am
Property Features for 1168 Boston Rd
General Information
- Standard status
- Active
- Size
- 7,600 SF
- Lot size
- 0.70 Acres
- Property subtype
- RETAIL
Listing office Coldwell Banker Commercial Upton Massamont Realtors (413) 772-9390
Listing date Nov 1, 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 Coldwell Banker Commercial Upton Massamont Realtors
HighLights
- High traffic location on Boston Road (23,000+ vehicle trips per day)
- Ample surface parking spots
- Located on 0.7 acres at Boston Road and Temby Street
- Three units including a restaurant space
- Ideal for local businesses or commercial office uses
- Strong demographics and proximity to regional/national retailers
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.2k | $21.60 |
| − Vacancy | −$24.6k | −$3.24 |
| EGI | $139.5k | $18.36 |
| − OpEx | −$34.9k | −$4.59 |
| NOI | $104.7k | $13.77 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Hampden
- State
- Massachusetts
- Longitude
- -72.505671
- Latitude
- 42.139887
