Commercial Building in Business
For Sale
Contact for pricing
Pending
605 Silver St, Agawam, MA
One-story commercial building with parking, suitable for various uses.
Property Size4,950 SF
Lot Size1.16 Acres
Days on Market398
Property Features for 605 Silver St
General Information
Standard status
Pending
Size
4,950 SF
Lot size
1.16 Acres
Property subtype
OFFICE
Listing Agency:
Kelley & Katzer Real Estate
Listed By:
Kelley & Katzer Real Estate Team
(413) 209-9933
Source:
Moodyscre
Added: Oct 1, 2025
Changed: Aug 9
Last Checked: Nov 1 at 7:49AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$64,018
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,360
$1.3M
Cap Rate 7%
$914,543
$914.5K
Cap Rate 9%
$711,311
$711.3K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$89.1K $18.00/SF
− Vacancy
−$3.7K −$0.76/SF
EGI
$85.4K $17.24/SF
− OpEx
−$21.3K −$4.31/SF
NOI
$64.0K $12.93/SF
Area
Hampden County, MA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,360
Cap Rate 7%
$914,543
Cap Rate 9%
$711,311
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
181
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - One-story commercial building with parking, suitable for various uses.
Where is this office unit 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.
