Office-Warehouse Flex
New
For Sale
$1,249,000
21 Mainline Dr, Westfield, MA 01085
A mix of dedicated office, shop, warehouse, and secured outdoor storage space supports varied business operations.
Property Size8,730 SF
Lot Size2.17 Acres
Price / SF$143.07
Days on Market4
Property Features for 21 Mainline Dr
General Information
Standard status
Active
Size
8,730 SF
Lot size
2.17 Acres
Zoning
BB
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
6,030 SF
Office Build-Out
2,700 SF
Additional Details
Property Use
Industrial
Taxes and HOA fees
Annual Taxes
$8,243
Amenities
2.17
No
8730
Building Details
Building Size
8,730 SF
Year Built
1967
Listing Agency:
J. R. Pierre Real Estate
(617) 625-1193
Listed By:
Rivard Pierre · License #9031521
(617) 233-9894
Source:
Jrpierre
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 4:01PM
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. R. Pierre Real Estate
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Investment Insights
Based on property information with market context.
This 8,730-square-foot flex property on 2.17 acres combines 2,700 square feet of office space with 6,030 square feet of warehouse and shop area. The office layout includes seven offices, a reception area, conference room, break room, kitchenette, two bathrooms, and a shower room. Warehouse features include mezzanine storage and work area, drive-in overhead doors, loading dock capability, and an MDC trap water/oil separator. A fenced yard provides secured exterior storage for vehicles, equipment, and materials. The property was built in 1967 and is zoned BB.
Located in Westfield, the property offers access to major Western Massachusetts transportation routes and serves Western Massachusetts and Northern Connecticut.
Located in Westfield, the property offers access to major Western Massachusetts transportation routes and serves Western Massachusetts and Northern Connecticut.
Key Highlights
- 8,730 square feet on 2.17 acres
- 2,700 square feet of office space and 6,030 square feet of warehouse/shop area
- Seven offices, reception area, conference room, break room, kitchenette, two bathrooms, and shower room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,151
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,243,020
$2.2M
Cap Rate 7%
$1,602,157
$1.6M
Cap Rate 9%
$1,246,122
$1.2M
Market Conditions
NOI Build-Up for 8,730 SF
Gross rent
$188.6K $21.60/SF
− Vacancy
−$16.0K −$1.84/SF
EGI
$172.5K $19.76/SF
− OpEx
−$60.4K −$6.92/SF
NOI
$112.2K $12.85/SF
Area
Hampden County, MA
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,243,020
Cap Rate 7%
$1,602,157
Cap Rate 9%
$1,246,122
Alternative Uses
Best Use
Flex RnD
$1.60M
$1.40M – $1.87M
NOI $112,151 @ 7.0% cap · market cap 8.98%
Second Best
Warehouse
$808.8K
$707.7K – $943.6K
NOI $56,615 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$5.38M
$4.71M – $6.28M
NOI $376,633 @ 7.0% cap · market cap 30.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 01085, MA
41,529
Population
17,054
Households
2.4
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
59.7 sq mi
ZIP Area
696
Density / Sq Mi
$83,821
Median Household Income
$44,737
Median Earnings
$1,064
Median Rent
$296,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Moe's Southwest Grill — 301 E Main St, Westfield, MA 01085
Frequently Asked Questions
What type of property is this?
Flex space - A mix of dedicated office, shop, warehouse, and secured outdoor storage space supports varied business operations.
Where is this flex space located?
The property is located at 21 Mainline Dr Westfield, MA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 8,730 square feet on 2.17 acres; 2,700 square feet of office space and 6,030 square feet of warehouse/shop area; Seven offices, reception area, conference room, break room, kitchenette, two bathrooms, and shower room
