Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Second Floor Office Condo Title is generated by Realmo AI

    200 Center St, Ludlow, MA 01056

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office condo with reception, offices, kitchenette, cubicles, and bathrooms.

    Type:Office
    Property size:
    2,000 SF
    Price / SF:
    $92/SF
    Added:
    Feb 12, 2026
    Days on Market:
    88
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 200 Center St

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Paul Bongiorni
    Paul Bongiorni

    Listing agent Paul Bongiorni License #9575704

    Listing office Pioneer CRE

    Listing date Feb 12, 2026

    Source Crexi

    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

    HighLights

    • High visibility signage available on Center Street and the unit itself.
    • Convenient location minutes from Mass Pike and Ludlow amenities.
    • Functional layout with reception area, two private offices, eight built‑in cubicles, kitchenette, and two bathrooms.
    • Private ground level entrance with parking lot access.
    • Skylights and windows provide ample natural light.
    • Located in a busy plaza with diverse mix of tenants (office, retail, medical, restaurant).

    Overview

    This second-floor office condo is located in Mapletree Square. The unit features a front reception desk and seating area, two private offices, a kitchenette, eight built-in cubicles/desks, and two bathrooms. The space is fully carpeted and includes skylights and windows throughout. It has a private ground-level entrance facing the parking lot. Signage is available on Center Street, which experiences high traffic, and on the front of the unit. The plaza is occupied by a mix of office, retail, medical, and restaurant tenants. The property is located minutes from the Mass Pike and Ludlow amenities. The property size is 2000 square feet.
    Location Intelligence

    Current Use by Public Records

    Melissa Morin Physician Luxy Hair Salon Duke Insurance Brokerage, ... Insurance Agency James F. Shea ... Insurance Agency Edwards Diane E Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ludlow
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.4829464
    Latitude
    42.1632884

    Nearby Similar for Sale

    • $389,000
      1,440 SF

      Charming Ludlow Ranch-Style Two-Family Home

      Side-by-side duplex with two bedrooms, full basement, separate utilities.
      50-52 Booth St, Ludlow, MA 01056
      View Details
    • $1,590,000
      5,559 SF

      Three Buildings on Holyoke Street

      Three-building package on 4+ acres with frontage on Holyoke Street.
      473 Holyoke St, Ludlow, MA 01056
      View Details
    • $280,000

      Red Bridge Bait and Tackle

      Operating bait and tackle shop on one-acre lot for sale.
      1131 East St, Ludlow, MA 01056
      View Details
    • $185,000

      Second Floor Office Condo

      Office condo with reception, offices, kitchenette, and two bathrooms.
      200 Center St #16, Ludlow, MA 01056
      View Details
    • $450,000
      2,816 SF

      Ludlow Industrial Property For Sale

      2,816 SF industrial property on 0.81 acres in Ludlow.
      23 Oregon Rd, Ludlow, MA
      View Details
    • Contact for pricing
      77,000 SF

      77,000 SF Rehabilitation Hospital

      Rehabilitation hospital suitable for medical, senior housing, or hotel.
      14 Chestnut Place, Ludlow, MA 01056
      View Details
    • $290,000
      1,230 SF

      Red Bridge Bait and Tackle

      Operating bait and tackle shop for sale on one acre.
      1131 East St, Ludlow, MA
      View Details
    • $1,590,000

      Holyoke Street Automotive Buildings Package

      Three-building package on 4+ acres with frontage on Holyoke Street.
      473 Holyoke St, Ludlow, MA
      View Details
    • $790,000
      4,620 SF

      Winsor Street Office Building For Sale

      4,620 SF office building near Ludlow town center.
      119 Winsor St, Ludlow, MA
      View Details
    • $1,590,000
      9,852 SF

      Holyoke Street Automotive Buildings Package

      Three-building package on 4+ acres with 300+ feet frontage.
      473 Holyoke Street, Ludlow, MA 01056
      View Details
    • $449,900
      1,449 SF

      Auto Sales Property For Sale

      1449 SF auto sales property with mechanic lifts.
      447 Center St, Ludlow, MA
      View Details
    • $2,900,000
      4,388 SF

      Prime Development Site For Sale

      Development site near I-90, Mass Pike, and national retailers.
      430-434 Center St, Ludlow, MA
      View Details

    FAQs

    What type of property is this?
    Office units - Office condo with reception, offices, kitchenette, cubicles, and bathrooms.
    Where is this office units located?
    The property is located at 200 Center St Ludlow, MA.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: High visibility signage available on Center Street and the unit itself.; Convenient location minutes from Mass Pike and Ludlow amenities.; Functional layout with reception area, two private offices, eight built‑in cubicles, kitchenette, and two bathrooms.
    (413) 459-0570 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Paul Bongiorni
    Paul Bongiorni
    Real Estate License ID: 9575704
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    200 Center St, Ludlow, MA 01056
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!