Downtown Office
New
For Sale
Contact for pricing
1319-1323 Main St Unit 310, Springfield, MA 01103
Third-floor office space offers natural light and views within the Market Place complex.
Property Size780 SF
Price / SF$0.02
Days on Market4
Property Features for 1319-1323 Main St Unit 310
General Information
Standard status
Active
Size
780 SF
Property subtype
Commercial
Additional Details
Floor
3
Highway Access
Yes
Building Details
Year Built
1876
Listing Agency:
Pioneer CRE
(413) 312-9299
Listed By:
Paul Bongiorni · License #9575704
(413) 459-0570
Source:
Lockandkeyre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 2:36AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 780-square-foot office suite occupies the third floor of Market Place, a downtown Springfield complex. Large windows bring daylight into the space and provide views. The building dates to 1876.
Market Place is home to the Springfield Regional Visitor Center, Springfield Business Improvement District, Mocha Trade Coffee Company, Nosh Cafe, and Minuteman Press. City Hall, area highways, and surrounding amenities are nearby.
Market Place is home to the Springfield Regional Visitor Center, Springfield Business Improvement District, Mocha Trade Coffee Company, Nosh Cafe, and Minuteman Press. City Hall, area highways, and surrounding amenities are nearby.
Key Highlights
- 780‑square‑foot office suite on the third floor
- Large windows provide natural light and views
- Located in Market Place in downtown Springfield
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,741
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,820
$214.8K
Cap Rate 7%
$153,443
$153.4K
Cap Rate 9%
$119,344
$119.3K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$16.8K $21.60/SF
− Vacancy
−$2.5K −$3.24/SF
EGI
$14.3K $18.36/SF
− OpEx
−$3.6K −$4.59/SF
NOI
$10.7K $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%
$214,820
Cap Rate 7%
$153,443
Cap Rate 9%
$119,344
Alternative Uses
Best Use
Office B
$153.4K
$134.3K – $179.0K
NOI $10,741 @ 7.0% cap · market cap 67,131.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$211.8K
$185.3K – $247.1K
NOI $14,826 @ 7.0% cap · market cap 92,662.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,901
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Third-floor office space offers natural light and views within the Market Place complex.
Where is this office units located?
The property is located at 1319-1323 Main St Unit 310 Springfield, MA.
What are key features of this property?
This property features: 780‑square‑foot office suite on the third floor; Large windows provide natural light and views; Located in Market Place in downtown Springfield
