Third-Floor Office
For Sale
Contact for pricing
15-19 Hampden St, Springfield, MA 01103
Third-floor office unit features high tin ceilings and well-preserved interior finishes.
Property Size4,500 SF
Price / SF$0.00
Days on Market709
Property Features for 15-19 Hampden St
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Zoning
B3
Taxes and HOA fees
Annual Taxes
$19,221
Building Details
Building Size
4,500 SF
Year Built
1900
Listing Agency:
Perella Real Estate
(413) 525-9800
Listed By:
Carl Perella · License #9018160
(413) 531-5030
Source:
Churchillprop
Added: Nov 12, 2024
Changed: Oct 21
Last Checked: Oct 20 at 7:09PM
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 Perella Real Estate
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Investment Insights
Based on property information with market context.
This offering includes office space located on the third floor, with one unit described as having 3,000 square feet of well-preserved decor. The space includes high tin ceilings and lots of natural wood finishes, creating a distinctive interior environment for an office tenant.
The property is identified at 15-19 Hampden St in Springfield, Massachusetts. Showings are available during business hours.
The information provided focuses on the third-floor office configuration and interior finishes; additional details on common areas, parking, and building amenities are not included.
The property is identified at 15-19 Hampden St in Springfield, Massachusetts. Showings are available during business hours.
The information provided focuses on the third-floor office configuration and interior finishes; additional details on common areas, parking, and building amenities are not included.
Key Highlights
- Third‑floor office unit with high tin ceilings
- Well‑preserved interior finishes and natural wood finish
- Office space on the third floor includes 3,000 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,965
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,239,300
$1.2M
Cap Rate 7%
$885,214
$885.2K
Cap Rate 9%
$688,500
$688.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$97.2K $21.60/SF
− Vacancy
−$14.6K −$3.24/SF
EGI
$82.6K $18.36/SF
− OpEx
−$20.7K −$4.59/SF
NOI
$62.0K $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%
$1,239,300
Cap Rate 7%
$885,214
Cap Rate 9%
$688,500
Alternative Uses
Best Use
Office B
$885.2K
$774.6K – $1.03M
NOI $61,965 @ 7.0% cap · market cap 619,650.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,536 @ 7.0% cap · market cap 855,360.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,222
Businesses Nearby
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Business Placement
Demographics for 01103, MA
2,545
Population
1,728
Households
1.5
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
0.4 sq mi
ZIP Area
6,363
Density / Sq Mi
$21,458
Median Household Income
$38,156
Median Earnings
$1,053
Median Rent
$148,000
Median Home Value
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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 unit features high tin ceilings and well-preserved interior finishes.
Where is this office unit located?
The property is located at 15-19 Hampden St Springfield, MA.
What are key features of this property?
This property features: Third‑floor office unit with high tin ceilings; Well‑preserved interior finishes and natural wood finish; Office space on the third floor includes 3,000 sq ft
