Industrial Warehouse with
For Sale
Contact for pricing
80 Progress Ave, West Springfield, MA 01089
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 Market140
Property Features for 80 Progress Ave
General Information
Standard status
Active
Size
36,680 SF
Lot size
2.30 Acres
Property subtype
INDUSTRIAL
Zoning
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
14 ft
Dock-High Doors
2
Drive-In Doors
1
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Year Built
1941
Construction
block, brick
Listing Agency:
CBRE | Hartford
(860) 525-9171
Listed By:
John Reed, SIOR
(860) 559-1562
Source:
Moodyscre
Added: Jun 5
Changed: Jul 22
Last Checked: Oct 20 at 7:18PM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$195,898
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,917,960
$3.9M
Cap Rate 7%
$2,798,543
$2.8M
Cap Rate 9%
$2,176,644
$2.2M
Market Conditions
NOI Build-Up for 36,680 SF
Gross rent
$299.3K $8.16/SF
− Vacancy
−$19.5K −$0.53/SF
EGI
$279.9K $7.63/SF
− OpEx
−$84.0K −$2.29/SF
NOI
$195.9K $5.34/SF
Area
Hampden County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,917,960
Cap Rate 7%
$2,798,543
Cap Rate 9%
$2,176,644
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 authorities.
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Current Use
Lease Details
14 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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
Frequently Asked Questions
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)
