Office Building on High-Traffic
For Sale
$1,075,000
1205-1211 Boston Road, Springfield, MA 01119
4,326 SF office building with development potential on 1.26 acres.
Property Size4,326 SF
Lot Size1.26 Acres
Price / SF$248.50
Days on Market242
Property Features for 1205-1211 Boston Road
General Information
Standard status
Active
Size
4,326 SF
Lot size
1.26 Acres
Property subtype
Office
Site & Location
Neighborhood
Boston Road
Building Details
Year Built
1970
Listing Agency:
NAI Plotkin
Listed By:
David Wolos · License #95630
(413) 200-6019
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Nov 1 at 3:46AM
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 NAI Plotkin
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property features a one-story commercial building with approximately 4,326 square feet of space. The building includes a number of private offices and a large, open work area. Situated on approximately 1.26 acres (54,771 square feet) of Business A zoned land, the property benefits from its location on a heavily traveled artery, offering excellent visibility. A large, paved parking area provides space for 50+ vehicles. The property presents a potential development opportunity.
Key Highlights
- 1.26 acres of Business A zoned land offering potential development opportunity.
- Located on a heavily traveled artery with excellent visibility.
- 4,326 SF office/retail building** suitable for various business needs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,569
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,380
$1.2M
Cap Rate 7%
$850,986
$851.0K
Cap Rate 9%
$661,878
$661.9K
Market Conditions
NOI Build-Up for 4,326 SF
Gross rent
$93.4K $21.60/SF
− Vacancy
−$14.0K −$3.24/SF
EGI
$79.4K $18.36/SF
− OpEx
−$19.9K −$4.59/SF
NOI
$59.6K $13.77/SF
Area
Springfield, MA
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,380
Cap Rate 7%
$850,986
Cap Rate 9%
$661,878
Alternative Uses
Best Use
Office B
$851.0K
$744.6K – $992.8K
NOI $59,569 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,229 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 01119, MA
14,393
Population
5,517
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
88%
High-School Grad
3.5 sq mi
ZIP Area
4,112
Density / Sq Mi
$59,172
Median Household Income
$45,179
Median Earnings
$1,181
Median Rent
$222,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - 4,326 SF office building with development potential on 1.26 acres.
Where is this office building located?
The property is located at 1205-1211 Boston Road Springfield, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 1.26 acres of Business A zoned land offering potential development opportunity.; Located on a heavily traveled artery with excellent visibility.; 4,326 SF office/retail building** suitable for various business needs.
