Corner Office
For Sale
$300,000
206-265 Benton Dr, East Longmeadow, MA 01028
Corner office unit with abundant natural light, soaring ceilings, and a flexible layout for professional or medical use.
Property Size1,976 SF
Price / SF$151.82
Days on Market120
Property Features for 206-265 Benton Dr
General Information
Standard status
Active
Size
1,976 SF
Taxes and HOA fees
Annual Taxes
$8,375
Listing Agency:
J. Barrett & Company
(978) 922-3683
Listed By:
Alexander Elia
(413) 537-2163
Source:
Exprealty
Added: Jun 25
Changed: Oct 1
Last Checked: Oct 21 at 12:19AM
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 J. Barrett & Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,976-square-foot corner office condominium is located within a professional office development in East Longmeadow. The unit is positioned for strong natural light, features soaring ceilings, and includes a flexible layout intended to support a variety of professional or medical uses.
The property is described as an office condominium within the development, offering the ability to customize the interior to align with specific needs. As a corner unit, it benefits from its positioning within the building.
For buyers seeking a professional workspace that can be tailored to their operations, this condominium provides a versatile foundation with high ceilings and an adaptable floor plan.
The property is described as an office condominium within the development, offering the ability to customize the interior to align with specific needs. As a corner unit, it benefits from its positioning within the building.
For buyers seeking a professional workspace that can be tailored to their operations, this condominium provides a versatile foundation with high ceilings and an adaptable floor plan.
Key Highlights
- 1,976 SF corner office condominium in a professional office development
- Abundant natural light with corner positioning
- Soaring ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,770
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,400
$535.4K
Cap Rate 7%
$382,429
$382.4K
Cap Rate 9%
$297,444
$297.4K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$49.8K $25.20/SF
− Vacancy
−$5.2K −$2.62/SF
EGI
$44.6K $22.58/SF
− OpEx
−$17.8K −$9.03/SF
NOI
$26.8K $13.55/SF
Area
Hampden County, MA
Vacancy
10.40%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,400
Cap Rate 7%
$382,429
Cap Rate 9%
$297,444
Alternative Uses
Best Use
Office B
$895.7K
$783.7K – $1.04M
NOI $62,699 @ 7.0% cap · market cap 20.90%
Second Best
Healthcare Medical
$382.4K
$334.6K – $446.2K
NOI $26,770 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,249 @ 7.0% cap · market cap 28.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 01028, MA
16,417
Population
6,051
Households
2.7
Avg Household Size
46
Median Age
47%
College-Educated
94%
High-School Grad
12.9 sq mi
ZIP Area
1,273
Density / Sq Mi
$100,997
Median Household Income
$58,108
Median Earnings
$1,229
Median Rent
$344,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Corner office unit with abundant natural light, soaring ceilings, and a flexible layout for professional or medical use.
Where is this office unit located?
The property is located at 206-265 Benton Dr East Longmeadow, MA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,976 SF corner office condominium in a professional office development; Abundant natural light with corner positioning; Soaring ceilings
