Office Unit with Retail
For Sale
Contact for pricing
190 Doty Cir, West Springfield, MA 01089
Owner-planned flooring and paint updates will refresh the interior for office or retail use.
Property Size1,750 SF
Price / SF$1.26
Days on Market921
Property Features for 190 Doty Cir
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Commercial
Zoning
bus
Lease Type
NNN
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,876
Building Details
Building Size
1,750 SF
Year Built
1983
Listing Agency:
Perella Real Estate
(413) 525-9800
Listed By:
Carl Perella · License #9018160
(413) 531-5030
Source:
Churchillprop
Added: Apr 9, 2024
Changed: Oct 6
Last Checked: Oct 16 at 6:24AM
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 office unit offers 1,750 square feet of space configured for office or retail use. The owner plans to install new flooring and apply fresh paint, providing defined interior improvements for the next occupant or owner. The property was built in 1983 and carries BUS zoning.
Located at 190 Doty Cir in West Springfield, the property is positioned near Routes 90 and 91, providing access to two regional highway corridors. Its office classification and retail component create flexibility for businesses seeking a commercial space with both workplace and customer-facing potential.
Located at 190 Doty Cir in West Springfield, the property is positioned near Routes 90 and 91, providing access to two regional highway corridors. Its office classification and retail component create flexibility for businesses seeking a commercial space with both workplace and customer-facing potential.
Key Highlights
- 1,750 SF office unit with retail use
- Owner plans new flooring and fresh paint
- BUS zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,753
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,060
$575.1K
Cap Rate 7%
$410,757
$410.8K
Cap Rate 9%
$319,478
$319.5K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$42.0K $24.00/SF
− Vacancy
−$924 −$0.53/SF
EGI
$41.1K $23.47/SF
− OpEx
−$12.3K −$7.04/SF
NOI
$28.8K $16.43/SF
Area
Hampden County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,060
Cap Rate 7%
$410,757
Cap Rate 9%
$319,478
Alternative Uses
Best Use
Office B
$793.3K
$694.1K – $925.5K
NOI $55,528 @ 7.0% cap · market cap 2,524.00%
Second Best
Retail
$410.8K
$359.4K – $479.2K
NOI $28,753 @ 7.0% cap · market cap 1,306.95%
Theoretical Best
Office A
$1.08M
$943.7K – $1.26M
NOI $75,499 @ 7.0% cap · market cap 3,431.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
374
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
Check the figures for this property
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 units - Owner-planned flooring and paint updates will refresh the interior for office or retail use.
Where is this office units located?
The property is located at 190 Doty Cir West Springfield, MA.
What are key features of this property?
This property features: 1,750 SF office unit with retail use; Owner plans new flooring and fresh paint; BUS zoning
