Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    151 Point Grove Rd Southwick, MA 01077

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile Property, Multiple Units Available

    Lot size:
    4,000 SF

    Property Features for 151 Point Grove Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF
    Total Rate
    5000

    Building Details

    Year Built
    1948
    Buildings
    2
    Stories
    2

    Spaces For Lease

    at 151 Point Grove Rd, Southwick, MA 01077 Contact us
    Unit Upstairs

    $15 /Mo

    Size
    2,000 SF
    Contact us
    Unit Downstairs

    $15 /Mo

    Size
    2,000 SF
    Contact us

    We can help!

    Listing Contact
    Nina Grillo
    Nina Grillo

    Listing Agency: Lis Real Estate, Inc Listing Agent: Nina Grillo

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

    Learn more

    Property Insight Report

    Overview

    This unique commercial property, ideally situated near Lake Congamond and the Connecticut/Massachusetts border, offers exceptional versatility. The two-building complex, constructed in 1948, boasts a total of 4,000 square feet across multiple suites, perfect for a variety of uses. Three individual suites are currently available for lease, with the option to lease the entire property. The property features a charming gazebo with a band shell, a large charcoal grill, a service kitchen, a garage, a wrap-around bar, a full kitchen, and an indoor stage – all contributing to its exceptional suitability for event hosting, restaurants, breweries, or retail ventures. The ample outdoor space complements the indoor amenities, creating a unique and attractive offering for potential tenants. The property also includes 150-200 parking spaces, ensuring convenient access for customers and employees. All lease terms are negotiable, providing flexibility for prospective businesses. This is a rare opportunity to acquire a well-located, versatile commercial property with significant potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Veterans of Foreign Wars Charitable Organization

    Suggested Use

    Real Estate Agency Restaurant Building Supply Kitchen & Bath Showroom Auto Repair Shop Big Box & Wholesale Store Bar & Pub Food Market HVAC Service Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Southwick
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.752636304736
    Latitude
    42.038027194117

    Nearby Similar for Lease

    • Contact for pricing
      4,400 SF

      Southwick Office Space Available

      4,400 SF office space for lease in Southwick, MA.
      800 College Hwy, Southwick, MA 01077
      View Details
    • Contact for pricing
      1,550 SF

      Retail Space on College Highway

      Retail space for lease in a high-visibility Southwick location.
      535 College Hwy, Southwick, MA 01077
      View Details
    • $15 SF/Yr
      3,500 SF

      Prime Southwick Commercial Property

      Two Buildings, Ample Parking, Flexible Lease Terms
      151 Point Grove Rd, Southwick, MA 01077
      View Details

    FAQs

    What type of property is this?
    Restaurant - Versatile Property, Multiple Units Available
    Where is this restaurant located?
    The property is located at 151 Point Grove Rd Southwick, MA.
    What is the lease rate?
    The lease rate is $0.00-$15 SF/Yr.
    What are key features of this property?
    This property features: Versatile commercial property with indoor/outdoor amenities, suitable for events, restaurants, or retail.; Property available for lease as a whole or by individual units, with negotiable terms.; Excellent location near Lake Congamond and the Connecticut/Massachusetts border.
    (860) 819-5545 Call to check price and availability
    Request Owner's contact information
    151 Point Grove Rd Southwick, MA 01077
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    151 Point Grove Rd
    Southwick, MA 01077
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    151 Point Grove Rd Southwick, MA 01077
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nina Grillo
    Nina Grillo
    Real Estate License ID: RES.0828493
    (860) 819-5545 (855) 450-0442
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!