Spacious Office Condo Near
299 Carew St #134 Springfield, MA 01104
299 Carew St #134, Springfield, MA, 01104
$329,900
For Sale
$329,900
1,063 sq ft office condo near Mercy Hospital.
Property Size1,063 SF
Price / SF$310.35
Days on Market84
Property Features for 299 Carew St #134
General Information
- Standard status
- Active
- Size
- 1,063 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1991
Listing Agency
Lock and Key Realty Inc.
(413) 885-0093
Listed by
Fallah Razzak · License #9525064
(413) 885-0093
Source
Liongatere
Added: Apr 25 Checked: Jul 17 at 10:20 am
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 Lock and Key Realty Inc.
Investment Insights
Based on property information with market context.
This 1,063 sq. ft. office condo is located at 299 Carew St, Suite 134 in Springfield. The open-concept office features a flexible layout and one full bathroom. It is located in Mercy Hospital Medical Center and offers ample parking space. The property is suitable for professionals or business use.
Key Highlights
- Generously sized 1,063 sq. ft. office condo.
- Convenient location in Mercy Hospital Medical Center.
- Flexible, open‑concept layout.
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 | $23.0k | $21.60 |
| − Vacancy | −$3.4k | −$3.24 |
| EGI | $19.5k | $18.36 |
| − OpEx | −$4.9k | −$4.59 |
| NOI | $14.6k | $13.77 |
1,063 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$209.1K
$183.0K – $244.0K
NOI $14,638 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.7K
$252.6K – $336.8K
NOI $20,206 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Robert H Osofsky ...
Physician
Pediatric Care Associates
Pediatrician
Trinity Health Of New ...
Physician
Dr. John Griggs
Physician
David G Doctor ...
Physician
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FAQs
What type of property is this?
Office units - 1,063 sq ft office condo near Mercy Hospital.
Where is this office units located?
The property is located at 299 Carew St #134 Springfield, MA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Generously sized 1,063 sq. ft. office condo.; Convenient location in Mercy Hospital Medical Center.; Flexible, open‑concept layout.
