Medical Office with On-Site
1575 Wilbraham Rd, Springfield, MA 01119
For Sale
New
Contact for pricing
Multiple rooms include sinks, supporting practical use across the building’s office layout.
Property Size3,000 SF
Lot Size2.86 Acres
Price / SF$1.33
Days on Market4
Property Features for 1575 Wilbraham Rd
General Information
Standard status
Size
Lot size
Site & Location
Neighborhood
Additional Details
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Berkshire Hathaway HomeServices Realty Professionals
(413) 596-6711
Listed By:
Chester Ardolino · License MA #906177
(413) 221-0310
Source:
Lockandkeyre
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 4:19PM
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 Berkshire Hathaway HomeServices Realty Professionals
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Investment Insights
Based on property information with market context.
This 3,000-square-foot medical office property was built in 1910 and previously served as a dental office. Multiple rooms have sinks, and the building is set on 2.86 acres. A double driveway and rear parking lot provide on-site parking.
Located at 1575 Wilbraham Road in Springfield, the property has landscaped grounds and a professional office setting.
Located at 1575 Wilbraham Road in Springfield, the property has landscaped grounds and a professional office setting.
Key Highlights
- 3,000‑square‑foot building on 2.86 acres
- Previously used as a dental office
- Sinks in multiple rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,310
Suggested Prices Based on Cap Rates
Cap Rate 5%
$826,200
$826.2K
Cap Rate 7%
$590,143
$590.1K
Cap Rate 9%
$459,000
$459.0K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$64.8K $21.60/SF
− Vacancy
−$9.7K −$3.24/SF
EGI
$55.1K $18.36/SF
− OpEx
−$13.8K −$4.59/SF
NOI
$41.3K $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%
$826,200
Cap Rate 7%
$590,143
Cap Rate 9%
$459,000
Alternative Uses
Best Use
Healthcare Medical
$610.4K
$534.1K – $712.1K
NOI $42,725 @ 7.0% cap
Second Best
Office B
$590.1K
$516.4K – $688.5K
NOI $41,310 @ 7.0% cap
Theoretical Best
Office A
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 01119, MA
14,393
Population
5,517
Households
2.6
Avg Household Size
35
Median Age
20%
College-Educated
88%
High-School Grad
3.5 sq mi
ZIP Area
4,112
Density / Sq Mi
$59,172
Median Household Income
$45,179
Median Earnings
$1,181
Median Rent
$222,900
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Springfield, MA
Properties on Market for Medical Office Space in Springfield
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multiple rooms include sinks, supporting practical use across the building’s office layout.
Where is this medical office space located?
The property is located at 1575 Wilbraham Rd Springfield, MA.
What are key features of this property?
This property features: 3,000‑square‑foot building on 2.86 acres; Previously used as a dental office; Sinks in multiple rooms
