Third-Floor Office
For Sale
Contact for pricing
225 Park Ave # 3, West Springfield, MA 01089
Third-floor office space at Park Tower with on-site parking and prominent Park Avenue visibility.
Property Size2,299 SF
Price / SF$0.01
Days on Market619
Property Features for 225 Park Ave # 3
General Information
Standard status
Active
Size
2,299 SF
Property subtype
Commercial
Zoning
BA-1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$56,318
Building Details
Building Size
2,299 SF
Year Built
1974
Listing Agency:
Pioneer CRE
(413) 312-9299
Listed By:
Paul Bongiorni · License #9575704
(413) 459-0570
Source:
Churchillprop
Added: Feb 10, 2025
Changed: Oct 6
Last Checked: Oct 20 at 6:23PM
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 Pioneer CRE
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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.
Third-floor office space is available at Park Tower, located at 225 Park Ave #3 in West Springfield, MA. The suite is positioned within a prominent multi-tenant office building and includes on-site parking for convenient tenant access.
Park Tower sits along high-traffic Park Avenue and is easily accessible from Springfield area highways. The property is minutes from downtown West Springfield, downtown Springfield, Route 5 shopping centers, and the Eastern States Exposition. Tenants can join KeyBank within the Park Tower complex.
Park Tower sits along high-traffic Park Avenue and is easily accessible from Springfield area highways. The property is minutes from downtown West Springfield, downtown Springfield, Route 5 shopping centers, and the Eastern States Exposition. Tenants can join KeyBank within the Park Tower complex.
Key Highlights
- Third‑floor office space available at Park Tower
- Park Tower built in 1974
- Located on high‑traffic Park Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,948
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,458,960
$1.5M
Cap Rate 7%
$1,042,114
$1.0M
Cap Rate 9%
$810,533
$810.5K
Market Conditions
NOI Build-Up for 2,299 SF
Gross rent
$124.7K $54.24/SF
− Vacancy
−$27.4K −$11.93/SF
EGI
$97.3K $42.31/SF
− OpEx
−$24.3K −$10.58/SF
NOI
$72.9K $31.73/SF
Area
Hampden County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,458,960
Cap Rate 7%
$1,042,114
Cap Rate 9%
$810,533
Alternative Uses
Best Use
Office B
$1.04M
$911.9K – $1.22M
NOI $72,948 @ 7.0% cap · market cap 455,925.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,184 @ 7.0% cap · market cap 619,900.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 01089, MA
28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,727
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Third-floor office space at Park Tower with on-site parking and prominent Park Avenue visibility.
Where is this office unit located?
The property is located at 225 Park Ave # 3 West Springfield, MA.
What are key features of this property?
This property features: Third‑floor office space available at Park Tower; Park Tower built in 1974; Located on high‑traffic Park Avenue
