16-24 Arnold Ave Springfield Springfield, MA 01119
Retail strip center on busy Boston Road Rt 20.
- Added:
- May 16, 2026
- Days on Market:
- 60
- Last Refresh:
- Jun 30 at 12:53 am
Property Features for 16-24 Arnold Ave Springfield
General Information
- Standard status
- Active
- Size
- 6,350 SF
Building Details
- Year Built
- 1980
Listing office (508) 501-1443
Listing date May 16, 2026
Source Milestonerealtyinc
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 Crystal Silva
Investment Insights
Based on property information with market context.
Key Highlights
- Retail strip center on busy Boston Road Rt 20.
- Located in Springfield's Pine Point section.
- Corner lot location.
Local Financial Insights For Retail
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 | $114.3k | $18.00 |
| − Vacancy | −$9.1k | −$1.44 |
| EGI | $105.2k | $16.56 |
| − OpEx | −$31.5k | −$4.97 |
| NOI | $73.6k | $11.59 |
