Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Westfield Skilled Nursing Facility Title is generated by Realmo AI

    66 Broad St, Westfield, MA 01085

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant 100-bed skilled nursing facility suitable for behavioral health conversion.

    Type:Hospitality, Multifamily, Senior Living, Special Purpose
    Property size:
    27,969 SF
    Lot size:
    1.52 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 20 at 12:07 am

    Property Features for 66 Broad St

    General Information

    Standard status
    Active
    Size
    27,969 SF
    Lot size
    1.52 Acres
    Property subtype
    Hospitality, Multifamily, Senior Living, Special Purpose

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Simon Hince

    Listing agent Simon Hince License #1001009226

    Listing office CBRE - Denver Downtown

    Listing date Mar 17, 2026

    Source Crexi

    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 CBRE - Denver Downtown

    HighLights

    • Vacant 100‑bed skilled nursing facility ideal for conversion to behavioral health use.
    • Zoning letter permits inpatient withdrawal management, clinical stabilization, and residential rehabilitation.
    • Existing healthcare infrastructure including patient rooms, commercial kitchen, and wide corridors.
    • Purpose‑built healthcare design provides a strong foundation for repositioning.
    • Approximately 27,969 square feet across two stories.
    • Situated on approximately 1.52 acres.

    Overview

    The property at 66 Broad Street in Westfield, Massachusetts, formerly the Governor’s Center, is a vacant 100-bed skilled nursing facility. The building offers an opportunity for conversion to behavioral health use. Constructed in 1977, the two-story facility encompasses approximately 27,969 square feet and is situated on about 1.52 acres. It features existing healthcare infrastructure, including patient rooms, a commercial kitchen, common areas, wide corridors, and institutional-grade building systems suitable for inpatient medical and behavioral programs. A recent zoning letter permits inpatient withdrawal management, clinical stabilization, and residential rehabilitation. The property's existing bed capacity and purpose-built healthcare design provide a foundation for repositioning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nursing homes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Arbors at Westfield Assisted Living and Memory Care — 40 Court St, Westfield, MA 01085
    • Governor's Center — 66 Broad St, Westfield, MA 01085
    • Meyer Kathy — Westfield, MA 01085
    • Vantage Health and Rehab of Westfield — 60 E Silver St, Westfield, MA 01085

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.745838
    Latitude
    42.1102958

    Nearby Similar for Sale

    • $1,315,000
      10,000 SF

      Flex Warehouse Property For Sale

      10,000 SF flex/warehouse property with 5 drive-in doors.
      68 Mainline Dr, Westfield, MA 01085
      View Details
    • $6,900,000
      97,588 SF

      Multi-Tenant Industrial Investment Opportunity

      120,000+ sq. ft. industrial property with rail access.
      170 Lockhouse Rd, Westfield, MA 01085
      View Details
    • $450,000
      5,400 SF

      Versatile Flex and Retail Property

      5,400 sq. ft. flex/retail space in high-traffic downtown location.
      285 Elm St, Westfield, MA 01085
      View Details
    • Contact for pricing
      5,000 SF

      Westfield Class A Office Space

      Class A office building with modern facilities and flexible terms.
      94 North Elm Street, Westfield, MA 01085
      View Details
    • $6,900,000
      123,767 SF

      Multi-Tenant Industrial Investment Opportunity

      120,000+ sq. ft. industrial property with rail access.
      170 Lockhouse Rd, Westfield, MA 01085
      View Details
    • $405,000

      Renovated Duplex in Westfield

      Fully renovated duplex, ideal for investors or owner-occupiers.
      19 Kellogg St, Westfield, MA 01085
      View Details
    • $450,000
      5,400 SF

      Historic Building in Downtown Westfield

      Historic 5,812 SF mixed-use building in high-visibility downtown location.
      285 Elm St, Westfield, MA 01085
      View Details
    • $1,950,000
      33,717 SF

      Industrial Building with Loading Docks

      One-story industrial building featuring loading docks and parking spaces.
      135 Apremont, Westfield, MA 01085
      View Details
    • $1,315,000
      10,000 SF

      Westfield Flex/Warehouse Property For Sale

      10,000 SF flex/warehouse on 1.4 acres with ample parking.
      68 Mainline Dr, Westfield, MA
      View Details
    • $2,350,000
      33,356 SF

      Industrial Warehouse For Sale/Lease

      33,356 SF industrial warehouse available for sale or lease.
      77 Servistar Industrial Way, Westfield, MA 01085
      View Details
    • $1,100,000
      10,000 SF

      Westfield Industrial Building For Sale

      Vacant 10,000 SF industrial building in Westfield, Massachusetts.
      798 Airport Industrial Park Rd, Westfield, MA 01085
      View Details
    • $950,000
      3,480 SF

      Westfield Office Space For Sale

      3,480 square foot office property in Westfield, Massachusetts.
      962 Southampton Rd, Westfield, MA
      View Details

    FAQs

    What type of property is this?
    Nursing home - Vacant 100-bed skilled nursing facility suitable for behavioral health conversion.
    Where is this nursing home located?
    The property is located at 66 Broad St Westfield, MA.
    What are key features of this property?
    This property features: Vacant 100‑bed skilled nursing facility ideal for conversion to behavioral health use.; Zoning letter permits inpatient withdrawal management, clinical stabilization, and residential rehabilitation.; Existing healthcare infrastructure including patient rooms, commercial kitchen, and wide corridors.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Simon Hince
    Real Estate License ID: 1001009226
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    66 Broad St, Westfield, MA 01085
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!