Commercial Building in Business
605 Silver St Agawam, MA
For Sale
Contact for pricing
One-story commercial building with parking, suitable for various uses.
Property Size4,950 SF
Lot Size1.16 Acres
Price / SF$141.39
Days on Market303
Property Features for 605 Silver St
General Information
Standard status
Active
Size
4,950 SF
Lot size
1.16 Acres
Property subtype
OFFICE
Listing Agency:
Kelley & Katzer Real Estate
(413) 209-9933
Listed By:
Kelley & Katzer Real Estate Team
(413) 209-9933
Source:
Moodyscre
Added: Oct 1, 2025
Changed: Jul 6
Last Checked: Jul 29 at 5:22PM
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 Kelley & Katzer Real Estate
Investment Insights
Based on property information with market context.
This one-story commercial brick building, located in the Business District, offers convenient access to Highways, Rte 75 & 57, restaurants, and shopping. The property is zoned Industrial B, accommodating a variety of uses such as office, retail, warehouse, and restaurant, with some requiring special permits, which the buyer needs to verify. The building features two large spaces with multiple office rooms, restrooms, storage, and a full commercial-grade kitchen equipped with appliances and refrigerators/freezers. Utilities include gas heat, gas hot water, and central air. The building also has an updated architectural shingled roof. Previous uses include office space and a restaurant; the current use is a worship space. With almost 5,000 square feet of finished space, this building offers possibilities, including subdividing, which could be ideal for an owner-occupant or investor looking to maximize value and cash flow.
Key Highlights
- Prime location in Business District with easy access to Highways Rte 75 & 57, restaurants, and shopping.
- Zoned Industrial B offering a variety of uses (Office, Retail, Warehouse, Restaurant, Etc.).
- Almost 5,000 sqft of finished space with potential for subdividing.
Financial Insights For Specialty Retail
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 | $89.1k | $18.00 |
| − Vacancy | −$3.7k | −$0.76 |
| EGI | $85.4k | $17.24 |
| − OpEx | −$21.3k | −$4.31 |
| NOI | $64.0k | $12.93 |
4,950 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.24M
$1.96M – $2.62M
NOI $157,065 @ 7.0% cap · market cap 22.44%
Second Best
Retail
$1.16M
$1.02M – $1.36M
NOI $81,330 @ 7.0% cap · market cap 11.62%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,555 @ 7.0% cap · market cap 30.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - One-story commercial building with parking, suitable for various uses.
Where is this office units located?
The property is located at 605 Silver St Agawam, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Prime location in Business District with easy access to Highways Rte 75 & 57, restaurants, and shopping.; Zoned Industrial B offering a variety of uses (Office, Retail, Warehouse, Restaurant, Etc.).; Almost 5,000 sqft of finished space with potential for subdividing.
