Building Details

Year Built 1926

Listing Agency: Park Square Realty Show Phone

Listed By: Fabio Desousa Show Phone

Source: Churchillprop

Added: Jul 23, 2025 Changed: Oct 6 Last Checked: Oct 16 at 6:55AM

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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 Park Square Realty

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Investment Insights

Based on property information with market context.

This approximately 1,800-square-foot flex space offers high ceilings and a blank-slate interior with primed wall surfaces, allowing the next occupant to complete the design around its planned use. The current configuration can accommodate studio, fitness or activity, and office concepts.

The property was built in 1926 and is identified with zoning code 104. Ample parking is available, and the site is convenient to major highways. The unfinished interior provides a straightforward starting point for a tailored commercial build-out.

Key Highlights

• Approximately 1,800 +/- sq ft of flex space
• High ceilings within the existing layout
• Blank‑slate interior with primed wall finish

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,613

Suggested Prices Based on Cap Rates

Cap Rate 5%

$192,260 $192.3K

Cap Rate 7%

$137,329 $137.3K

Cap Rate 9%

$106,811 $106.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$14.7K $8.16/SF

− Vacancy

−$955 −$0.53/SF

EGI

$13.7K $7.63/SF

− OpEx

−$4.1K −$2.29/SF

NOI

$9.6K $5.34/SF

Area

Hampden County, MA

Vacancy

6.50%

Lease Rate

$8.16 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$192,260

Cap Rate 7%

$137,329

Cap Rate 9%

$106,811

Alternative Uses

Best Use

Office B

$815.9K

$713.9K – $951.9K (±1% cap)

NOI $57,115 @ 7.0% cap · market cap 356,968.75%

Second Best

Flex RnD

$330.3K

$289.1K – $385.4K (±1% cap)

NOI $23,124 @ 7.0% cap · market cap 144,525.00%

Theoretical Best

Office A

$1.11M

$970.7K – $1.29M (±1% cap)

NOI $77,656 @ 7.0% cap · market cap 485,350.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Andrey's Family Chiropractic Alternative Medicine Practice BMG Dental Studio Dental Office DR ANDREY OKHRIMENKO ... Alternative Medicine Practice Smartway AC & Heating HVAC Service SoftWave Therapy Physician

Suggested Use

Top Pick Restaurant Law Firm Building Supply Real Estate Agency Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

405

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 01020, MA

29,781

Population

14,154

Households

2.1

Avg Household Size

44

Median Age

23%

College-Educated

86%

High-School Grad

12.5 sq mi

ZIP Area

2,382

Density / Sq Mi

$70,971

Median Household Income

$45,378

Median Earnings

$1,153

Median Rent

$259,100

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - High ceilings, ample parking, and primed wall surfaces support a customizable commercial interior.

Where is this flex space located?

The property is located at 55 Main St # A-101 Chicopee, MA.

What are key features of this property?

This property features: Approximately 1,800 +/- sq ft of flex space; High ceilings within the existing layout; Blank‑slate interior with primed wall finish