Listing Agency: King & Newton

Listed By: Thomas King CCIM · License #VA 71669-RE-B

Source: Crexi

Added: Jul 21 Changed: Aug 31 Last Checked: Aug 31 at 2:15AM

Report an Issue

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 King & Newton

Investment Insights

Based on property information with market context.

Retail space at 867 Boston Road in Springfield, Massachusetts, comprising 9,720 square feet. The property carries a 9.35% capitalization rate and is positioned along Boston Road in the 01119 ZIP code.

Key Highlights

• 9.35% capitalization rate
• 9,720 SF retail space
• 867 Boston Road, Springfield, MA 01119

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Law Firm Spa & Massage Center Bakery Accounting Firm Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

343

Businesses Nearby

269k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 39% Dining 30% Shops & Services 14% Apparel 12%

Walmart Superstores

105,257 visits/mo 0.4 miles

Kohl's Apparel

25,250 visits/mo 0.3 miles

McDonald's Dining

24,681 visits/mo 0.2 miles

Burger King Dining

16,021 visits/mo 0.3 miles

Wendy's Dining

14,796 visits/mo 0.3 miles

Demographics for 01119, MA

14,393

Population

5,517

Households

2.6

Avg Household Size

35

Median Age

20%

College-Educated

88%

High-School Grad

3.5 sq mi

ZIP Area

4,112

Density / Sq Mi

$59,172

Median Household Income

$45,179

Median Earnings

$1,181

Median Rent

$222,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Office Building on High-Traffic Artery

1205-1211 Boston Road, Springfield, MA 01119

$1,075,000

4,326 SF

View details

Retail Strip Center on Corner

16-24 Arnold Ave, Springfield, MA 01119

$979,000

6,350 SF

View details

Mixed-Use Investment Opportunity

26-28 Parker St, Springfield, MA 01151

$684,000

1,920 SF

View details

Multi-Use Income-Generating Bridge Street Property

289-307 Bridge St, Springfield, MA 01103

$1,800,000

57,919 SF

View details

Warehouse with Permitted Auto Uses

512 Saint James Avenue, Springfield, MA 01109

$699,900

3,000 SF

View details

Specialty Property with Value-Add Potential

18 Salem St, Springfield, MA 01105

$599,000

20,734 SF

View details

Medical Office Suite

1795 Main St # 206, Springfield, MA 01103

$120,000

1,047 SF

View details

Mixed-Use Income Property

683-687 State St, Springfield, MA 01109

$1,675,000

11,250 SF

View details

Updated Duplex with Historic Character

127-129 Thompson St., Springfield, MA 01109

$379,000

4,426 SF

View details

Duplex with Five-Bay Carriage House

82-84 Noel Street, Springfield, MA 01108

$498,000

4,228 SF

View details

Three-Story Commercial Building with Bar

21-23 Hampden Street, Springfield, MA 01103

$450,000

4,826 SF

View details

Renovated Duplex with Three Baths

172-174 Euclid Ave, Springfield, MA 01108

$449,000

3,345 SF

View details

Frequently Asked Questions

What type of property is this?

Retail space - Retail property with a measurable capitalization rate and established building area.

Where is this retail space located?

The property is located at 867 Boston Road Springfield, MA.

What are key features of this property?

This property features: 9.35% capitalization rate; 9,720 SF retail space; 867 Boston Road, Springfield, MA 01119