Open-Plan Storefront
New
For Sale
Contact for pricing
8-16 Chestnut St #16, West Springfield, MA 01089
An adaptable commercial interior includes a restroom and dedicated parking.
Property Size620 SF
Price / SF$1.45
Days on Market6
Property Features for 8-16 Chestnut St #16
General Information
Standard status
Active
Size
620 SF
Total Parking Spaces
2
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
Keller Williams Realty
(413) 585-0022
Listed By:
Carrie A. Blair · License #9090596
(413) 210-6465
Source:
Lockandkeyre
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 4:03PM
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 Keller Williams Realty
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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 620-square-foot storefront unit, built in 1984, has an open interior layout and one restroom. Its configuration leaves the interior available for customization. Two dedicated parking spaces are included.
The property is at the intersection of Chestnut Street and Westfield Street in West Springfield, Massachusetts.
The property is at the intersection of Chestnut Street and Westfield Street in West Springfield, Massachusetts.
Key Highlights
- 620‑square‑foot storefront unit
- Open interior layout
- One restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,187
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,740
$203.7K
Cap Rate 7%
$145,529
$145.5K
Cap Rate 9%
$113,189
$113.2K
Market Conditions
NOI Build-Up for 620 SF
Gross rent
$14.9K $24.00/SF
− Vacancy
−$327 −$0.53/SF
EGI
$14.6K $23.47/SF
− OpEx
−$4.4K −$7.04/SF
NOI
$10.2K $16.43/SF
Area
Hampden County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,740
Cap Rate 7%
$145,529
Cap Rate 9%
$113,189
Alternative Uses
Best Use
Retail
$145.5K
$127.3K – $169.8K
NOI $10,187 @ 7.0% cap · market cap 1,131.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$382.1K
$334.4K – $445.8K
NOI $26,748 @ 7.0% cap · market cap 2,972.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 39%
Dunkin' Donuts
Dining
12,565 visits/mo
0.4 miles
Sunoco
Shops & Services
6,468 visits/mo
0.2 miles
Mobil
Shops & Services
1,412 visits/mo
0.3 miles
Demographics for 01089, MA
28,835
Population
13,095
Households
2.2
Avg Household Size
41
Median Age
35%
College-Educated
91%
High-School Grad
16.7 sq mi
ZIP Area
1,727
Density / Sq Mi
$70,401
Median Household Income
$43,186
Median Earnings
$1,121
Median Rent
$307,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - An adaptable commercial interior includes a restroom and dedicated parking.
Where is this storefront property located?
The property is located at 8-16 Chestnut St #16 West Springfield, MA.
What are key features of this property?
This property features: 620‑square‑foot storefront unit; Open interior layout; One restroom
