Brick Worship and Office
605 Silver St Agawam, MA 01001
For Sale
$699,900
Pending
One-story brick commercial building with multiple office rooms, restrooms, storage, and a full commercial kitchen.
Property Size5,000 SF
Days on Market119
Property Features for 605 Silver St
General Information
- Standard status
- Pending
- Size
- 5,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1995
Listing Agency:
Kelley & Katzer Real Estate, LLC
(413) 244-4034
Listed By:
Pinkey Patel
(413) 244-4034
Source:
Elliman
Added: Mar 27
Changed: Jul 23
Last Checked: Jul 23 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, LLC
Investment Insights
Based on property information with market context.
This one-story brick commercial property includes two large spaces with multiple office rooms off of them, along with restrooms, storage, and a full commercial-grade kitchen with appliances and refrigerators/freezers. The building features gas heat, gas hot water, and central air. An updated architectural shingled roof is noted, and the current use is a worship space, with prior uses identified as office space and a restaurant.
The property is located in the business district with easy access to Rte 75 and Rte 57. The listing notes ample on-site parking and proximity to restaurants and shopping.
The building is described as having nearly 5,000 square feet of finished space and offers the possibility of subdividing. Zoning is listed as Industrial B, and the remarks note that office, retail, warehouse, and restaurant uses may be possible, with some uses requiring special permits for the buyer to verify.
The property is located in the business district with easy access to Rte 75 and Rte 57. The listing notes ample on-site parking and proximity to restaurants and shopping.
The building is described as having nearly 5,000 square feet of finished space and offers the possibility of subdividing. Zoning is listed as Industrial B, and the remarks note that office, retail, warehouse, and restaurant uses may be possible, with some uses requiring special permits for the buyer to verify.
Key Highlights
- One‑story 1995‑built brick commercial building with approx. 5,000 finished SF
- Building features 2 large spaces with multiple office rooms, restrooms, and storage
- Full commercial‑grade kitchen with appliances and refrigerators/freezers
Financial Insights For Industrial
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 | $40.8k | $8.16 |
| − Vacancy | −$2.7k | −$0.53 |
| EGI | $38.1k | $7.63 |
| − OpEx | −$11.4k | −$2.29 |
| NOI | $26.7k | $5.34 |
5,000 SF · lease $8.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.27M
$1.98M – $2.64M
NOI $158,652 @ 7.0% cap · market cap 22.67%
Second Best
Specialty Retail
$923.8K
$808.3K – $1.08M
NOI $64,665 @ 7.0% cap · market cap 9.24%
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,712 @ 7.0% cap · market cap 30.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
BAPS Shri Swaminarayan ...
Temple
FAQs
What type of property is this?
Church & religious facility - One-story brick commercial building with multiple office rooms, restrooms, storage, and a full commercial kitchen.
Where is this church & religious facility 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: One‑story 1995‑built brick commercial building with approx. 5,000 finished SF; Building features 2 large spaces with multiple office rooms, restrooms, and storage; Full commercial‑grade kitchen with appliances and refrigerators/freezers
