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    136-150 Doty Cir West Springfield, MA 01089

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    For Lease
    Contact for pricing

    Versatile flex space, ideal for multiple tenants.

    Lot size:
    15,744 SF

    Property Features for 136-150 Doty Cir

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,744 SF
    Total Rate
    16400

    Building Details

    Year Built
    1986
    Buildings
    2
    Stories
    1

    Spaces For Lease

    at 136-150 Doty Cir, West Springfield, MA 01089 Contact us
    Unit 142 Doty

    $12 /Mo

    Size
    2,361 SF
    Contact us
    Unit 144 Doty

    $12 /Mo

    Size
    2,605 SF
    Contact us

    We can help!

    Listing Contact
    Jonathan Little
    Jonathan Little

    Listing Agency: Jennings Real Estate Listing Agent: Jonathan Little

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This multi-tenant flex space property in West Springfield, Hampden County, offers 15,744 square feet of versatile commercial space across two single-story buildings. Built in 1986, the property sits on a 0.78-acre lot and is zoned BC. Two suites are currently available for lease, individually or combined. Suite 142 Doty Circle offers 2,361 square feet with three private offices, an open workspace, break room, two bathrooms, a conference room, and large storage with an overhead door. Suite 144 Doty Circle comprises 2,605 square feet, including four private offices, a conference room, a cubicle area, two bathrooms, a reception area, and a large garage space with an overhead door. The combined space totals 4,966 contiguous square feet. The minimum divisible space is 2,136 square feet. The property features seven total suites and currently has 4,966 square feet of vacant space. Convenient on-site parking is available. The location provides excellent access to major transportation arteries, including Route 5 (one minute away), I-91 (one mile), and the Massachusetts Turnpike (less than two miles). Current tenants include Nescor, Surgicare, and CrossFit Rift Valley. This well-maintained property presents a unique opportunity for businesses seeking flexible and accessible commercial space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.626719149116
    Latitude
    42.145738880058

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    FAQs

    What type of property is this?
    Flex space - Versatile flex space, ideal for multiple tenants.
    Where is this flex space located?
    The property is located at 136-150 Doty Cir West Springfield, MA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 15,744 SF flex space in West Springfield, MA, comprised of two buildings.; Two suites available, totaling 4,966 SF of vacant space, divisible to 2,136 SF minimum.; Individual suites range from 2,361 SF to 2,605 SF, offering multiple private offices, open workspaces, and ample storage.
    (413) 731-7770 Call to check price and availability
    Request Owner's contact information
    136-150 Doty Cir West Springfield, MA 01089
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    West Springfield, MA 01089
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    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
    136-150 Doty Cir West Springfield, MA 01089
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    Contact for Pricing
    Please call us for current price
    and status of this listing Jonathan Little
    Jonathan Little
    (413) 731-7770 (413) 233-6066
    Learn more
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