Small-Bay Industrial
191 Servistar Industrial Way Westfield, MA 01085
191 Servistar Industrial Way, Westfield, MA, 01085
$875,000
Pending
For Sale
$875,000
Pending
Industrial building with 12’ clear height, five overhead doors, and an attached small office area.
Property Size5,814 SF
Lot Size1.67 Acres
Days on Market89
Property Features for 191 Servistar Industrial Way
General Information
- Standard status
- Pending
- Size
- 5,814 SF
- Lot size
- 1.67 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing agency
SR Commercial Realty
(413) 459-9959
Listed by
Jeremy Casey · License #9585695
(413) 459-9959
Source
Elliman
Added: Apr 24 Updated: Jul 20 at 8:37PM Checked: Jul 21 at 6:24AM
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 small-bay industrial property includes a warehouse area and office space under one roof, with reported 12’ clear height and five overhead doors. The total building footprint is described as 5,310 SF warehouse plus a 504 SF office space, and the site also includes additional outbuildings totaling approximately 3,900 SF, including a garage with loft and a covered carport.
The property is positioned on a 1.67-acre site described as industrially zoned, with usable yard space. The offering is presented as suitable for either an owner-user or an income approach, with flexibility to be delivered with a tenant for immediate income or as a turnkey owner-user property.
Overall, the configuration supports light industrial and service-style operations that benefit from both warehouse access and on-site office space, along with yard area and supplementary storage/parking structures provided by the outbuildings.
The property is positioned on a 1.67-acre site described as industrially zoned, with usable yard space. The offering is presented as suitable for either an owner-user or an income approach, with flexibility to be delivered with a tenant for immediate income or as a turnkey owner-user property.
Overall, the configuration supports light industrial and service-style operations that benefit from both warehouse access and on-site office space, along with yard area and supplementary storage/parking structures provided by the outbuildings.
Key Highlights
- ±15,814 SF industrial building with 5,310 SF warehouse and 504 SF office space
- 12’ clear height and five overhead doors for efficient loading and operations
- Includes ±3,900 SF additional outbuildings: garage with loft and covered carport
Local 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 | $47.4k | $8.16 |
| − Vacancy | −$3.1k | −$0.53 |
| EGI | $44.4k | $7.63 |
| − OpEx | −$6.7k | −$1.14 |
| NOI | $37.7k | $6.49 |
5,814 SF · lease $8.16/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.64M
$2.31M – $3.07M
NOI $184,481 @ 7.0% cap · market cap 21.08%
Second Best
Warehouse
$538.6K
$471.3K – $628.4K
NOI $37,705 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$3.58M
$3.14M – $4.18M
NOI $250,830 @ 7.0% cap · market cap 28.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
Similar Off Market Nearby
- JML Storage — 264 Lockhouse Rd, Westfield, MA 01085
FAQs
What type of property is this?
Warehouse - Industrial building with 12’ clear height, five overhead doors, and an attached small office area.
Where is this warehouse located?
The property is located at 191 Servistar Industrial Way Westfield, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: ±15,814 SF industrial building with 5,310 SF warehouse and 504 SF office space; 12’ clear height and five overhead doors for efficient loading and operations; Includes ±3,900 SF additional outbuildings: garage with loft and covered carport
