Standalone Corner Office
271 Belmont Avenue Springfield, MA 01108
271 Belmont Avenue, Springfield, MA, 01108
$229,999
For Sale
$229,999
Standalone corner property with paved, gated parking and interior rooms suited for office or wellness-related uses.
Property Size1,044 SF
Price / SF$220.31
Days on Market59
Property Features for 271 Belmont Avenue
General Information
- Standard status
- Active
- Size
- 1,044 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1945
Listing agency
RE/MAX IGNITE
Listed by
Jesenia Cabrera
(413) 527-3375
Source
Taylorrealtors
Added: May 24 Updated: Jul 20 at 8:31PM Checked: Jul 20 at 8:31PM
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 RE/MAX IGNITE
Investment Insights
Based on property information with market context.
This standalone commercial building offers approximately 1,044 square feet on a corner lot and includes ample paved and gated parking. The interior is set up with a reception area, multiple private rooms, a restroom, a break room, and storage. The property was previously operated as a massage therapy center, and the existing layout supports a range of flexible business uses, including office, salon, spa, wellness, retail, café, or studio concepts.
The building is located near major routes, with surrounding businesses and local amenities nearby. Per the seller, the roof and Rheem heating/cooling system are approximately 10 to 12 years old.
An optional business component is noted by the seller, with massage inventory and equipment potentially included with an acceptable offer, subject to buyer due diligence and verification of all information.
The building is located near major routes, with surrounding businesses and local amenities nearby. Per the seller, the roof and Rheem heating/cooling system are approximately 10 to 12 years old.
An optional business component is noted by the seller, with massage inventory and equipment potentially included with an acceptable offer, subject to buyer due diligence and verification of all information.
Key Highlights
- Standalone corner commercial building built in 1945 with approx. 1,044 sq ft
- Paved, gated parking on a corner lot
- Flexible interior layout with reception area, multiple private rooms, restroom, break room, and storage
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.6k | $21.60 |
| − Vacancy | −$3.4k | −$3.24 |
| EGI | $19.2k | $18.36 |
| − OpEx | −$4.8k | −$4.59 |
| NOI | $14.4k | $13.77 |
1,044 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$205.4K
$179.7K – $239.6K
NOI $14,376 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.5K
$248.1K – $330.7K
NOI $19,844 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Spa & wellness properties
Similar For Sale Nearby
Similar Off Market Nearby
- Andries Geert Heidema — 80 Sumner Ave, Springfield, MA 011082315
FAQs
What type of property is this?
Spa & wellness property - Standalone corner property with paved, gated parking and interior rooms suited for office or wellness-related uses.
Where is this spa & wellness property located?
The property is located at 271 Belmont Avenue Springfield, MA.
What is the asking price?
The asking price for this property is $229,999.
What are key features of this property?
This property features: Standalone corner commercial building built in 1945 with approx. 1,044 sq ft; Paved, gated parking on a corner lot; Flexible interior layout with reception area, multiple private rooms, restroom, break room, and storage
