Upper-Floor Office
For Sale
Contact for pricing
1387-1391 Main St Unit 806, Springfield, MA 01103
The upper-level workspace sits within Harrison Place in a prominent Springfield location.
Property Size1,263 SF
Price / SF$0.01
Days on Market13
Property Features for 1387-1391 Main St Unit 806
General Information
Standard status
Active
Size
1,263 SF
Property subtype
Commercial
Site & Location
Neighborhood
Metro Center
Additional Details
Floor
Upper floor
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 5:36AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An upper-floor office suite at Harrison Place offers approximately 1,263 square feet of workspace. The building dates to 1915, and the suite has views of downtown Springfield.
Located at 1387-1391 Main St in Springfield, the office occupies a prominent position in the area.
Located at 1387-1391 Main St in Springfield, the office occupies a prominent position in the area.
Key Highlights
- Approximately 1,263 square feet of office space
- Upper‑floor suite with views of downtown Springfield
- Located in Harrison Place, a 1915 building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,392
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,840
$347.8K
Cap Rate 7%
$248,457
$248.5K
Cap Rate 9%
$193,244
$193.2K
Market Conditions
NOI Build-Up for 1,263 SF
Gross rent
$27.3K $21.60/SF
− Vacancy
−$4.1K −$3.24/SF
EGI
$23.2K $18.36/SF
− OpEx
−$5.8K −$4.59/SF
NOI
$17.4K $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%
$347,840
Cap Rate 7%
$248,457
Cap Rate 9%
$193,244
Alternative Uses
Best Use
Office B
$248.5K
$217.4K – $289.9K
NOI $17,392 @ 7.0% cap · market cap 144,933.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.0K
$300.1K – $400.1K
NOI $24,007 @ 7.0% cap · market cap 200,058.33%
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 upper-level workspace sits within Harrison Place in a prominent Springfield location.
Where is this office unit located?
The property is located at 1387-1391 Main St Unit 806 Springfield, MA.
What are key features of this property?
This property features: Approximately 1,263 square feet of office space; Upper‑floor suite with views of downtown Springfield; Located in Harrison Place, a 1915 building
