Fifth-Floor Office
For Sale
Contact for pricing
225 Park Ave # 5, West Springfield, MA 01089
Office accommodation with on-site parking and access from Springfield-area highways.
Property Size2,271 SF
Price / SF$0.01
Days on Market616
Property Features for 225 Park Ave # 5
General Information
Standard status
Active
Size
2,271 SF
Property subtype
Commercial
Zoning
BA-1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
Fifth floor
Taxes and HOA fees
Annual Taxes
$56,318
Building Details
Building Size
2,271 SF
Year Built
1974
Listing Agency:
Pioneer CRE
(413) 312-9299
Listed By:
Paul Bongiorni · License #9575704
(413) 459-0570
Source:
Churchillprop
Added: Feb 10, 2025
Changed: Oct 6
Last Checked: Oct 19 at 5:27AM
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
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Investment Insights
Based on property information with market context.
This fifth-floor office unit at Park Tower provides 2271 square feet of commercial workspace in a building constructed in 1974. The property carries BA-1 zoning and includes on-site parking for occupants and visitors.
Located at 225 Park Ave in West Springfield, the building offers access to Springfield-area highways and sits near downtown West Springfield, downtown Springfield, Route 5 shopping centers, and the Eastern States Exposition. KeyBank is also located within the Park Tower complex.
Located at 225 Park Ave in West Springfield, the building offers access to Springfield-area highways and sits near downtown West Springfield, downtown Springfield, Route 5 shopping centers, and the Eastern States Exposition. KeyBank is also located within the Park Tower complex.
Key Highlights
- 2271 SF fifth‑floor office unit at Park Tower
- BA‑1 zoning
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,060
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,200
$1.4M
Cap Rate 7%
$1,029,429
$1.0M
Cap Rate 9%
$800,667
$800.7K
Market Conditions
NOI Build-Up for 2,271 SF
Gross rent
$123.2K $54.24/SF
− Vacancy
−$27.1K −$11.93/SF
EGI
$96.1K $42.31/SF
− OpEx
−$24.0K −$10.58/SF
NOI
$72.1K $31.73/SF
Area
Hampden County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,441,200
Cap Rate 7%
$1,029,429
Cap Rate 9%
$800,667
Alternative Uses
Best Use
Office B
$1.03M
$900.8K – $1.20M
NOI $72,060 @ 7.0% cap · market cap 400,333.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,976 @ 7.0% cap · market cap 544,311.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 01089, MA
28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,727
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office accommodation with on-site parking and access from Springfield-area highways.
Where is this office unit located?
The property is located at 225 Park Ave # 5 West Springfield, MA.
What are key features of this property?
This property features: 2271 SF fifth‑floor office unit at Park Tower; BA‑1 zoning; On‑site parking included
