Upper-Floor Office
For Sale
Contact for pricing
1387-1391 Main St Unit 1006, Springfield, MA 01103
The suite offers views toward downtown Springfield from an upper level.
Property Size1,150 SF
Price / SF$0.01
Days on Market13
Property Features for 1387-1391 Main St Unit 1006
General Information
Standard status
Active
Size
1,150 SF
Property subtype
Commercial
Site & Location
Neighborhood
Metro Center
Additional Details
Property Use
office
Building Details
Year Built
1915
Listing Agency:
Pioneer CRE
(413) 312-9299
Listed By:
Paul Bongiorni · License #9575704
(413) 459-0570
Source:
Lockandkeyre
Added: Oct 20
Changed: Oct 31
Last Checked: Nov 1 at 4:29AM
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.
This 1,150 SF office suite occupies an upper floor at Harrison Place. The space was previously used by a law firm and has views of downtown Springfield.
The building dates to 1915 and is located at 1387-1391 Main St in Springfield.
The building dates to 1915 and is located at 1387-1391 Main St in Springfield.
Key Highlights
- Approximately 1,150 SF of office space
- Upper‑level suite with views of downtown Springfield
- Building constructed in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,836
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,720
$316.7K
Cap Rate 7%
$226,229
$226.2K
Cap Rate 9%
$175,956
$176.0K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$24.8K $21.60/SF
− Vacancy
−$3.7K −$3.24/SF
EGI
$21.1K $18.36/SF
− OpEx
−$5.3K −$4.59/SF
NOI
$15.8K $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%
$316,720
Cap Rate 7%
$226,229
Cap Rate 9%
$175,956
Alternative Uses
Best Use
Office B
$226.2K
$198.0K – $263.9K
NOI $15,836 @ 7.0% cap · market cap 131,966.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$312.3K
$273.2K – $364.3K
NOI $21,859 @ 7.0% cap · market cap 182,158.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,829
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 unit - The suite offers views toward downtown Springfield from an upper level.
Where is this office unit located?
The property is located at 1387-1391 Main St Unit 1006 Springfield, MA.
What are key features of this property?
This property features: Approximately 1,150 SF of office space; Upper‑level suite with views of downtown Springfield; Building constructed in 1915
