Multi-Tenant Industrial Investment
170 Lockhouse Rd Westfield, MA 01085
For Sale
$6,900,000
120,000+ sq. ft. industrial property with rail access.
Property Size97,588 SF
Lot Size6.80 Acres
Price / SF$70.71
Days on Market93
Property Features for 170 Lockhouse Rd
General Information
- Standard status
- Active
- Size
- 97,588 SF
- Lot size
- 6.80 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing Agency:
SR Commercial Realty
(413) 459-4535
Listed By:
Jeremy Casey · License #9585695
(413) 459-4535
Source:
Liongatere
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 26 at 10:42AM
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 SR Commercial Realty
Investment Insights
Based on property information with market context.
This multi-tenant industrial investment property features over 120,000 sq. ft. of space across three buildings, situated on 6.8 acres. The property includes a mix of warehouse and office spaces, with ceiling heights ranging from 9 to 20 feet. It is equipped with overhead doors, wet sprinklers, load levelers, and concrete warehouse floors. The property also features a 400-foot rail dock on the Pioneer Valley Railroad, making it suitable for distribution and logistics operations. The flexible building sizes range from 6,400 to 97,588 sq. ft., accommodating multiple tenants or expansion opportunities. The multi-tenant setup provides diversified income streams and investment stability. Functional office areas and finished warehouse floors contribute to operational efficiency. The property offers immediate access to I-91 and regional transportation corridors. This property is suited for an owner-user or a value-add investor seeking an industrial asset.
Key Highlights
- 120,000+ sq. ft. industrial complex across three buildings on 6.8 acres for $6.9M.
- 400‑ft rail dock on Pioneer Valley Railroad.
- Immediate access to I‑91 and regional transportation corridors.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $796.3k | $8.16 |
| − Vacancy | −$51.8k | −$0.53 |
| EGI | $744.6k | $7.63 |
| − OpEx | −$111.7k | −$1.14 |
| NOI | $632.9k | $6.49 |
97,588 SF · lease $8.16/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$17.91M
$15.67M – $20.89M
NOI $1,253,674 @ 7.0% cap · market cap 18.17%
Second Best
Warehouse
$9.04M
$7.91M – $10.55M
NOI $632,874 @ 7.0% cap · market cap 9.17%
Theoretical Best
Office A
$60.15M
$52.63M – $70.17M
NOI $4,210,181 @ 7.0% cap · market cap 61.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - 120,000+ sq. ft. industrial property with rail access.
Where is this flex space located?
The property is located at 170 Lockhouse Rd Westfield, MA.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 120,000+ sq. ft. industrial complex across three buildings on 6.8 acres for $6.9M.; 400‑ft rail dock on Pioneer Valley Railroad.; Immediate access to I‑91 and regional transportation corridors.
