Add Listing
    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

    68 Mainline Dr Westfield, MA 01085

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,315,000

    10,000 SF flex/warehouse/light industrial property on 1.4 acres.

    Lot size:
    1.40 Acres

    Property Features for 68 Mainline Dr

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.40 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Paul Bongiorni
    Paul Bongiorni
    Source: Elliman

    Listing Agency: Pioneer CRE Listing Agent: Paul Bongiorni

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

    Learn more

    Property Insight Report

    Overview

    Westfield Flex/Warehouse/Industrial Property

    This property in Westfield, MA, is a +/-10,000 SF flex/warehouse/light industrial building situated on 1.4 acres. The building features 5 drive-in doors and office space, accompanied by a large paved parking lot. Formerly a Planet Fitness, the property is located in an industrial area, conveniently located seconds from US Rt. 20 and minutes from the MA Pike. The property is suitable for a wide array of business types. It can be sold vacant, pending relocation of the owner’s business, presenting opportunities for both owner-occupants and investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Moe's Southwest Grill

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.7296773
    Latitude
    42.1117677

    Nearby Similar for Sale

    • $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
    • Contact for pricing

      Westfield Class A Office Space

      Class A office building with modern facilities and flexible terms.
      94 North Elm St, Westfield, MA 01085
      View Details
    • Contact for pricing

      Industrial Manufacturing Facility Near I-90

      21,303 SF mixed-use manufacturing facility, conveniently located near I-90.
      382 Southampton Rd, Westfield, MA 01085
      View Details
    • $2,350,000

      Industrial Warehouse For Sale/Lease

      33,356 SF industrial warehouse available for sale or lease.
      77 Servistar Industrial Way, Westfield, MA 01085
      View Details
    • $1,315,000
      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
    • Contact for pricing
      2,200 SF

      Retail Space on Elm Street

      Retail property available for rent in Westfield, Massachusetts.
      285 Elm St, Westfield, MA 01085
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      3,480 SF

      Westfield Office Space For Sale

      3,480 square foot office property in Westfield, Massachusetts.
      962 Southampton Rd, Westfield, MA 01085
      View Details

    FAQs

    What type of property is this?
    Flex space - 10,000 SF flex/warehouse/light industrial property on 1.4 acres.
    Where is this flex space located?
    The property is located at 68 Mainline Dr Westfield, MA.
    What is the asking price?
    The asking price for this property is $1,315,000.
    What are key features of this property?
    This property features: - +/-10,000 SF flex/warehouse/light industrial building suitable for owner-occupancy or investment.; - Convenient location seconds from US Rt. 20 and minutes from the MA Pike.; - Five drive-in doors for easy access and logistics.
    (413) 459-0570
    Request Owner's contact information
    68 Mainline Dr Westfield, MA 01085
    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.
    68 Mainline Dr
    Westfield, MA 01085
    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
    68 Mainline Dr Westfield, MA 01085
    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
    Paul Bongiorni
    Paul Bongiorni
    Real Estate License ID: 9575704
    (413) 459-0570 (413) 312-9299 (413) 459-4595
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!