Office Building on High-Traffic
1205-1211 Boston Road Springfield, MA 01119
1205-1211 Boston Road, Springfield, MA, 01119
$1,075,000
For Sale
$1,075,000
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 Market138
Property Features for 1205-1211 Boston Road
General Information
- Standard status
- Active
- Size
- 4,326 SF
- Lot size
- 1.26 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1970
Listing agency
Samuel D. Plotkin & Associates
(413) 200-6019
Listed by
David Wolos · License #MA 9​5​6​3​0
Source
Naiglobal
Added: Mar 6 Updated: Jul 6 at 10:30AM Checked: Jul 21 at 6:39AM
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 Samuel D. Plotkin & Associates
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.
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 | $93.4k | $21.60 |
| − Vacancy | −$14.0k | −$3.24 |
| EGI | $79.4k | $18.36 |
| − OpEx | −$19.9k | −$4.59 |
| NOI | $59.6k | $13.77 |
4,326 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
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.
