Upper-Floor Office
For Sale
Contact for pricing
1387-1391 Main St Unit 822, Springfield, MA 01103
The suite offers 1,097 square feet within Harrison Place, an office building completed in 1915.
Property Size1,097 SF
Price / SF$0.01
Days on Market13
Property Features for 1387-1391 Main St Unit 822
General Information
Standard status
Active
Size
1,097 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 5:12AM
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 upper-floor office suite at Harrison Place contains approximately 1,097 square feet. The building dates to 1915, and the suite is identified as a former law office.
Located at 1387-1391 Main St, the property is in Springfield, Massachusetts.
Located at 1387-1391 Main St, the property is in Springfield, Massachusetts.
Key Highlights
- Approximately 1,097 SF of office space
- Upper‑floor suite in Harrison Place
- Building constructed in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,106
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,120
$302.1K
Cap Rate 7%
$215,800
$215.8K
Cap Rate 9%
$167,844
$167.8K
Market Conditions
NOI Build-Up for 1,097 SF
Gross rent
$23.7K $21.60/SF
− Vacancy
−$3.6K −$3.24/SF
EGI
$20.1K $18.36/SF
− OpEx
−$5.0K −$4.59/SF
NOI
$15.1K $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%
$302,120
Cap Rate 7%
$215,800
Cap Rate 9%
$167,844
Alternative Uses
Best Use
Office B
$215.8K
$188.8K – $251.8K
NOI $15,106 @ 7.0% cap · market cap 125,883.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.9K
$260.7K – $347.5K
NOI $20,852 @ 7.0% cap · market cap 173,766.67%
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 1,097 square feet within Harrison Place, an office building completed in 1915.
Where is this office unit located?
The property is located at 1387-1391 Main St Unit 822 Springfield, MA.
What are key features of this property?
This property features: Approximately 1,097 SF of office space; Upper‑floor suite in Harrison Place; Building constructed in 1915
