Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    286 E Main St Westfield, MA

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,997,000

    Retail property available for purchase in Westfield, Massachusetts.

    Lot size:
    0.92 Acres

    Property Features for 286 E Main St

    General Information

    Lot size
    0.92 Acres

    We can help!

    Listing Contact
    James M. Koury
    Source: Moodyscre

    Listing Agent: James M. Koury

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

    Learn more

    Property Insight Report

    Overview

    Retail Property For Sale

    A retail property is available for sale at 286 E Main St, Westfield, MA. The property is classified as a retail property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply 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
    Westfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.749538
    Latitude
    42.1250929

    Nearby Similar for Sale

    • New
      $305,000
      2,450 SF

      Westfield Multi-Family Investment Opportunity

      Two-unit property in downtown Westfield with steady rental income.
      26 Washington St, Westfield, MA 01085
      View Details
    • $339,000

      Charming Two-Family Near Downtown Westfield

      Well-kept two-family home in a desirable Westfield neighborhood.
      30 Cross St, Westfield, MA 01085
      View Details
    • $524,999

      Spacious Two-Family Home with Potential

      Versatile two-family home with finished basement, ideal for investors.
      28 Union St, Westfield, MA 01085
      View Details
    • $409,000

      Updated Two-Unit Home in Westfield

      Versatile two-unit property with modern upgrades and excellent location.
      51 Washington St, Westfield, MA 01085
      View Details
    • $429,000

      Spacious Westfield Multi-Family Home

      Desirable Westfield location, great rental potential, expansion possibilities.
      25 White St, Westfield, MA 01085
      View Details
    • $1,099,900
      2,052 SF

      Retail Property on High-Traffic Corridor

      Retail property with high visibility and ample parking for sale.
      300 east Main St -, Westfield, MA
      View Details
    • $319,900

      Westfield Multi-Family Opportunity

      Two-family home in Westfield with strong rental income potential.
      16 Yale St, Westfield, MA 01085
      View Details
    • $225,000

      Commercially Zoned Property with Workshops

      Two buildings on 0.40 acres with residential and workshop spaces.
      351 North Elm St, Westfield, MA 01085
      View Details
    • $1,325,000
      10,000 SF

      Westfield Flex/Warehouse Property For Sale

      10,000 SF flex/warehouse on 1.4 acres with ample parking.
      68 Mainline Dr, Westfield, MA 01085
      View Details
    • $75,500

      East Silver Street Office Condo

      Business condo near downtown, hospital, and courthouse.
      48 East Silver St, Westfield, MA 01085
      View Details
    • $949,000
      8,400 SF

      Westfield Day-Care Facility For Sale

      Turn-key day-care facility with potential for other educational uses.
      182-184 Southampton Rd, Westfield, MA 01085
      View Details
    • $449,900

      Large Multifamily Near Westfield State

      Multifamily property with 8 bedrooms near Westfield State University.
      113 Franklin St, Westfield, MA 01085
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property available for purchase in Westfield, Massachusetts.
    Where is this retail property located?
    The property is located at 286 E Main St Westfield, MA.
    What is the asking price?
    The asking price for this property is $2,997,000.
    What are key features of this property?
    This property features: - Retail property available for purchase; - Located in Westfield, Massachusetts; - Suitable for business operations
    (617) 896-7200
    Request Owner's contact information
    286 E Main St Westfield, MA
    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.
    286 E Main St
    Westfield, MA
    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
    286 E Main St Westfield, MA
    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

    We can help!
    Listing Contact
    James M. Koury
    (617) 896-7200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.