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    Historic Building Office/Retail Space Title is generated by Realmo AI

    23 Southwick St, Feeding Hills, MA 01001

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    Character-rich 1300 sq ft space suitable for office or retail.

    Type:OFFICE
    Property size:
    1,300 SF
    Lot size:
    1.37 Acres
    Added:
    Nov 26, 2025
    Days on Market:
    177
    Last Refresh:
    Apr 5 at 10:31 pm

    Property Features for 23 Southwick St

    General Information

    Standard status
    Active
    Size
    1,300 SF
    Lot size
    1.37 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 23 Southwick St Contact us

    We can help!

    Listing Contact
    Kimberly Allen Team

    Listing agent Kimberly Allen Team

    Listing office BHHS - Realty Professionals | Belchertown

    Listing date Nov 26, 2025

    Source Moodyscre

    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 BHHS - Realty Professionals | Belchertown

    HighLights

    • High‑visibility location on busy Route 57 near Springfield St with great signage.
    • Versatile space suitable for office or retail use.
    • Historic building with character, built‑in cabinets, and gleaming wood floors.
    • Ample parking with 60 spaces including strip mall next door.
    • Large covered porch.
    • 200 amp 3‑phase electric service.

    Overview

    This 1300 square foot space is located on the first floor of a historic building, offering character and built-in cabinets. Suitable for use as either office or retail space, it features five rooms, a kitchenette with storage, and a full bathroom with a shower. The space includes gleaming wood floors and a large covered porch. The property has 60 parking spaces available, including those at the adjacent strip mall. It is equipped with a 200 amp 3-stage electric service. Situated on busy Route 57 near its intersection with Springfield Street, the location provides great signage opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Feeding Hills
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6798
    Latitude
    42.0667

    Nearby Similar for Lease

    • $1,600/Mo
      980 SF

      Retail Space in Feeding Hills

      Turn-key retail space in high-traffic area of Feeding Hills.
      1349 Springfield St A, Agawam Town, MA 01030
      View Details
    • $2,200/Mo
      3,000 SF

      Agawam Warehouse with Drive-In Door

      3,000 sq ft warehouse with easy highway access.
      277 Garden St, Agawam Town, MA 01030
      View Details

    FAQs

    What type of property is this?
    Office units - Character-rich 1300 sq ft space suitable for office or retail.
    Where is this office units located?
    The property is located at 23 Southwick St Feeding Hills, MA.
    What is the lease rate?
    The lease rate is $900 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on busy Route 57 near Springfield St with great signage.; Versatile space suitable for office or retail use.; Historic building with character, built‑in cabinets, and gleaming wood floors.
    (413) 221-4885 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kimberly Allen Team
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    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.

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