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    The Largest CRE Database in the US with Over 1 Million Listings

    1500 Main St, Unit 8th Springfield, MA 01115

    Sponsored
    Sponsored
    For Lease
    Contact for pricing

    Discover many ways to work your way in Downtown

    Description

    Added:
    Feb 19, 2026
    Days on Market:
    1
    Scale New Heights at 1500 Main Street.
    Give your business a professional edge at our modern coworking offices at 1500 Main Street. Located in the heart of Springfield, Massachusetts, 1500 Main Street is close to the banks of the Connecticut River, while its vicinity to both Boston and New York City positions your business within accessible distance of two major economies. Commuting couldn’t be easier, with several public transport options nearby. Catch the bus to and from Boland Way Bus Stop, just a two-minute walk from the office, or travel by train from Springfield Station, a straightforward eight-minute walk away.
    Vibrant Springfield is the economic center of Western Massachusetts, and is already home to a long list of successful businesses in a variety of sectors. Be among them at 1500 Main Street, an impressive contemporary building that makes up part of the city’s riverside skyline. Inside, a mix of modern, flexible workspaces gives you the freedom to work your way. Choose from open-plan coworking areas, private suites and airy, inspiring meeting rooms. Network in our comfortable shared lounge and well-stocked kitchen, then head out after work to a nearby restaurant, visit the zoo at Forest Park, or discover local history at Springfield Museum.

    Property Features for 1500 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease

    Amenities

    24 Hour Access
    Air Conditioning
    Breakroom
    Business Center
    Close to Public Transportation
    Conference Rooms
    Controlled Access
    Elevator
    Fiber Optic Internet
    Furnished Units Available
    Internet
    Lounge
    Meeting Event Space
    On-Site Security Staff
    Online Services
    Package Service
    Reception
    Recycling
    Storage Space
    Wheelchair Accessible
    Wi-Fi

    Spaces For Lease

    at 1500 Main St,Unit 8th, Springfield, MA 01115 Contact us
    Office for 1 pers
    Size
    86-538 SF
    Focus on driving your business forward with a professional office just for you and...
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    Contact us
    Office for 2 ppl
    Size
    108-538 SF
    Get started right away with a ready-to-use office space for two. Regus’ small offices...
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    Contact us
    Office for 3 ppl
    Size
    162-646 SF
    Productive workspace for three that comes with everything taken care of. Regus’...
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    Contact us
    Office for 4 ppl
    Size
    215-646 SF
    Book a fully serviced office for four, and Regus will make sure everything always...
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    Contact us
    Office for 5 ppl
    Size
    323-807 SF
    Access a bright and inspiring office space designed to help teams of five to do their...
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    Contact us
    Coworking membership
    Size
    54-108 SF
    Work wherever and however you need to with a Regus Coworking membership. Regus offers...
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    Contact us
    Office membership
    Size
    86-108 SF
    Work wherever and however you need to with a Regus Office membership. Regus offers...
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    Contact us
    Coworking
    Size
    108-328 SF
    Get to work among a like-minded community in Regus’ shared office space. Regus’...
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    Contact us
    Office for 10 ppl
    Size
    484-1184 SF
    Find a flexible choice for business with an open-plan office space that supports...
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    Contact us
    Office for 15 ppl
    Size
    1076-1292 SF
    Open plan office space for 15 persons available on flexible terms, so you can add...
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    Contact us
    Virtual office
    Size
    10-50 SF
    Build your business presence fast, with an instant professional company address and...
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    Contact us
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    We can help!

    Listing Contact
    Regus USA
    Regus USA

    Learn more

    Property Insight Report

    HighLights

    • Be part of a vibrant coworking community with dedicated desk or hot desking options in thousands of idyllic locations across the globe
    • Grow in a modern workplace with the added advantage of a benefits program offering exclusive discounts and bespoke procurement support
    • Access Regus' network of workspaces and business lounges as often as you need and take advantage of their exclusive benefits
    • Impress clients, hold memorable workshops, and deliver a winning pitch in Regus' meeting spaces, fully equipped for gatherings of any size
    • Collaborate with like‑minded professionals and enjoy regular networking and community events with a Regus membership
    • Claim a virtual address in any of the prestigious locations around the world with mail handling services and a virtual assistant to answer calls
    Location Intelligence

    Current Use by Public Records

    Tessier Associates Inc Architect White Lion Brewing ... Production Facility Macmillan Group, LLC Real Estate Agency Ironclad Services Construction Company Tower Grill Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Law Firm Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    State
    Massachusetts
    Longitude
    -72.5918272
    Latitude
    42.10240968

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      Springfield MA Office Space

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    FAQs

    What type of property is this?
    Office Property / Space - Discover many ways to work your way in Downtown
    Where is this office property / space located?
    The property is located at 1500 Main St, Unit 8th Springfield, MA.
    What are key features of this property?
    This property features: 24 Hour Access Air Conditioning Breakroom Business Center Close to Public Transportation Conference Rooms Controlled Access Elevator Fiber Optic Internet Furnished Units Available Internet Lounge Meeting Event Space On-Site Security Staff Online Services Package Service Reception Recycling Storage Space Wheelchair Accessible Wi-Fi
    (972) 764-8885
    Request Owner's contact information
    1500 Main St, Unit 8th Springfield, MA 01115
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    1500 Main St, Unit 8th
    Springfield, MA 01115
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 Main St, Unit 8th Springfield, MA 01115
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    Listing Contact
    Regus USA
    Regus USA
    (972) 764-8885
    Learn more
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