Industrial Warehouse with
80 Progress Ave West Springfield, MA 01089
80 Progress Ave, West Springfield, MA, 01089
Contact for pricing
For Sale
Contact for pricing
Warehouse space includes two 8'x10' dock doors, a drive-in door, and 12'–14' ceilings with office buildout.
Property Size36,680 SF
Lot Size2.30 Acres
Price / SF$62.70
Days on Market48
Property Features for 80 Progress Ave
General Information
- Standard status
- Active
- Size
- 36,680 SF
- Lot size
- 2.30 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 80 Progress Ave Contact us
Listing agency
CBRE | Hartford
(860) 559-1562
Listed by
John Reed, SIOR · License #9551299
(860) 559-1562
Source
Moodyscre
Added: Jun 5 Updated: Jul 22 at 12:36AM Checked: Jul 22 at 12:36AM
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 | Hartford
Investment Insights
Based on property information with market context.
This industrial warehouse property totals approximately 36,680 SF, with about 28,700 SF of industrial space and 7,980 SF of office space. The building includes a substantial lower level area of about 30,554 SF. Loading features consist of two 8' x 10' dock doors equipped with dock face levelers and seals, along with one 10' x 8' 5" drive-in door. Ceiling height ranges from 12' to 14'.
Constructed in block and brick and built in 1941, the property features a built-up membrane roof. Interior systems include wet sprinkler service with an 8" riser and fluorescent lighting. Heat is provided by gas-fired FHA Weil-Mclain steam, with air conditioning available in the office. A 6,000 lb elevator supports vertical movement, and the power setup includes two 400 amp services.
Site and structural details include approximately 2.3 acres of land, ample parking, and column spacing of 37' x 57' with variations. The property is zoned for industrial use and is served by city water and sewer, with utilities including Eversource electricity and gas. Access is described as off Route 5 and Interstate 91 at exit 7B.
Constructed in block and brick and built in 1941, the property features a built-up membrane roof. Interior systems include wet sprinkler service with an 8" riser and fluorescent lighting. Heat is provided by gas-fired FHA Weil-Mclain steam, with air conditioning available in the office. A 6,000 lb elevator supports vertical movement, and the power setup includes two 400 amp services.
Site and structural details include approximately 2.3 acres of land, ample parking, and column spacing of 37' x 57' with variations. The property is zoned for industrial use and is served by city water and sewer, with utilities including Eversource electricity and gas. Access is described as off Route 5 and Interstate 91 at exit 7B.
Key Highlights
- Total size approx. 36,680 SF with approx. 28,700 SF industrial and approx. 7,980 SF office space
- Two 8' x 10' loading docks with dock face levelers and seals, plus one 10' x 8' 5" drive‑in lower‑level door
- Ceiling heights of 12'–14' with column spacing of 37' x 57' (varies)
Local 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 | $299.3k | $8.16 |
| − Vacancy | −$19.5k | −$0.53 |
| EGI | $279.9k | $7.63 |
| − OpEx | −$84.0k | −$2.29 |
| NOI | $195.9k | $5.34 |
36,680 SF · lease $8.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$6.73M
$5.89M – $7.85M
NOI $471,213 @ 7.0% cap · market cap 20.49%
Second Best
Warehouse
$3.40M
$2.97M – $3.96M
NOI $237,876 @ 7.0% cap · market cap 10.34%
Theoretical Best
Office A
$22.61M
$19.78M – $26.37M
NOI $1,582,463 @ 7.0% cap · market cap 68.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Memo's Restaurant — 1272 Memorial Ave, West Springfield, MA 01089
- Richard's Grinders — Gate 9, 875 Memorial Ave, West Springfield, MA 01089
FAQs
What type of property is this?
Flex space - Warehouse space includes two 8'x10' dock doors, a drive-in door, and 12'–14' ceilings with office buildout.
Where is this flex space located?
The property is located at 80 Progress Ave West Springfield, MA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Total size approx. 36,680 SF with approx. 28,700 SF industrial and approx. 7,980 SF office space; Two 8' x 10' loading docks with dock face levelers and seals, plus one 10' x 8' 5" drive‑in lower‑level door; Ceiling heights of 12'–14' with column spacing of 37' x 57' (varies)
