Open-Concept Office Condo
For Sale
$329,900
134-299 Carew St, Springfield, MA 01104
Generously sized office condo suite with an open-concept layout and one full bathroom, near Mercy hospital Medical Center.
Property Size1,063 SF
Price / SF$310.35
Days on Market368
Property Features for 134-299 Carew St
General Information
Standard status
Active
Size
1,063 SF
Listing Agency:
Lock and Key Realty Inc.
(413) 885-0093
Listed By:
Fallah Razzak · License #9525064
(413) 885-0093
Source:
Exprealty
Added: Jul 31, 2025
Changed: Jul 28
Last Checked: Jul 31 at 8:16PM
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 Lock and Key Realty Inc.
Investment Insights
Based on property information with market context.
This office condo suite offers an open-concept layout designed for flexible workspace planning. The unit includes one full bathroom and is presented as a turnkey option for professional or business use.
Located at 299 Carew St in Springfield within the Mercy hospital Medical Center area, the suite benefits from a convenient location with plenty of parking.
With its expansive interior and straightforward amenities, this suite is well suited for an organization looking for an efficient, centrally located office arrangement.
Located at 299 Carew St in Springfield within the Mercy hospital Medical Center area, the suite benefits from a convenient location with plenty of parking.
With its expansive interior and straightforward amenities, this suite is well suited for an organization looking for an efficient, centrally located office arrangement.
Key Highlights
- 1,063 sq. ft. office condo suite in Springfield at 299 Carew St, Suite 134
- Open‑concept office layout with flexible work space
- Includes 1 full bathroom
Financial Insights For Healthcare Medical
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 | $27.4k | $25.80 |
| − Vacancy | −$2.2k | −$2.06 |
| EGI | $25.2k | $23.74 |
| − OpEx | −$10.1k | −$9.49 |
| NOI | $15.1k | $14.24 |
1,063 SF · lease $25.80/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$216.3K
$189.2K – $252.3K
NOI $15,139 @ 7.0% cap · market cap 4.59%
Second Best
Office B
$209.1K
$183.0K – $244.0K
NOI $14,638 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$288.7K
$252.6K – $336.8K
NOI $20,206 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 01104, MA
23,598
Population
9,562
Households
2.5
Avg Household Size
38
Median Age
13%
College-Educated
77%
High-School Grad
5.2 sq mi
ZIP Area
4,538
Density / Sq Mi
$47,530
Median Household Income
$37,463
Median Earnings
$1,004
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Generously sized office condo suite with an open-concept layout and one full bathroom, near Mercy hospital Medical Center.
Where is this office units located?
The property is located at 134-299 Carew St Springfield, MA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1,063 sq. ft. office condo suite in Springfield at 299 Carew St, Suite 134; Open‑concept office layout with flexible work space; Includes 1 full bathroom
