Sign Up Successful!
You now have access to more from Realmo!
    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

    120 Tapley St Springfield, MA 01104

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

    Industrial warehouse, 1.52 acres, for sale or lease.

    Lot size:
    38,500 SF

    Property Features for 120 Tapley St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,500 SF

    Building Details

    Year Built
    1954

    Spaces For Lease

    at 120 Tapley St, Springfield, MA 01104 Contact us

    We can help!

    Listing Contact
    David Berman
    David Berman

    Listing Agency: The Stubblebine Company Listing Agent: David Berman

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

    Learn more

    Property Insight Report

    Overview

    This exceptional industrial property, located at 120 Tapley St in Springfield, Massachusetts, presents a significant opportunity for businesses seeking flexible space. The single-tenant warehouse boasts a substantial 38,500 square feet of vacant space, ideal for a variety of industrial or flex uses. Built in 1954, the building sits on a generous 1.52-acre lot, providing ample room for expansion, storage, or outdoor operations. The warehouse features ceiling heights ranging from 17'8" to 12'5", offering versatility for different equipment and storage needs. The property is zoned Industrial 2, allowing for a wide range of permitted uses. The entire 38,500 square feet is currently available for sale or lease. Additionally, there is a potential for subdivision, with lease options available for spaces as small as 14,000 square feet. This prime Springfield location, with its convenient access to major transportation routes (specific details not provided), makes this property an attractive investment opportunity. The property's size and zoning make it suitable for a variety of businesses seeking a well-located, spacious industrial facility in the heart of Springfield, MA. The zip code is 01104.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Legacy Insurance Co Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5633054
    Latitude
    42.1268077

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      MA, Springfield - Main St

      Discover many ways to work your way in Downtown
      1500 Main St, Springfield, MA 01115
      View Details
    • Contact for pricing
      330,600 SF

      Class A Office Space Available

      Class A office and retail spaces in downtown Springfield for lease.
      1350 Main St, Springfield, MA 01103
      View Details
    • Contact for pricing
      16,506 SF

      Retail Plaza in East Forest

      Retail suites and pad site available in revitalized shopping destination.
      120-126 Island Pond Rd, Springfield, MA 01118
      View Details
    • $14 SF/Yr
      50,000 SF

      Downtown Springfield Office Space Available

      Office spaces in downtown Springfield, with convenient access to transportation.
      1380 Main St, Springfield, MA 01103
      View Details
    • $1,150 /Mo
      210 SF

      Downtown Springfield Office Space

      Professional office space in the heart of downtown Springfield.
      75 Market Pl, Springfield, MA
      View Details
    • $3,000 /Mo

      Versatile Commercial Space in Springfield

      1,683 sq ft commercial property ideal for various business uses.
      11 Front St, Springfield, MA 01151
      View Details
    • Contact for pricing
      2,062 SF

      Class A Office Tower Suites

      Downtown Springfield Class A office suites for lease.
      1441 Main St, Springfield, MA 01103
      View Details
    • Contact for pricing
      50,000 SF

      Functional Warehouse Space in Springfield

      50,000 SF warehouse with 12 docks, convenient highway access.
      100 Brookdale Dr, Springfield, MA 01104
      View Details
    • $9 SF/Yr
      5,711 SF

      Springfield MA Office Space

      Flexible Office Solutions in Springfield
      1500 Main St, Springfield, MA 01115
      View Details
    • Contact for pricing
      25,207 SF

      Lowe's Plaza: Springfield Retail Space

      Prime Springfield Retail Opportunity: 25,207 SF Available
      1522 Boston Rd, Springfield, MA 01129
      View Details
    • $2,000 /Mo

      Spacious Three-Bedroom Apartment

      First-floor apartment with updated kitchen and in-unit laundry.
      641 White St, Springfield, MA 01108
      View Details
    • $15 SF/Yr
      9,000 SF

      Springfield Office Space For Lease

      Office space for lease with large open floor plan.
      494 Belmont Ave, Springfield, MA 01108
      View Details

    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, 1.52 acres, for sale or lease.
    Where is this distribution property located?
    The property is located at 120 Tapley St Springfield, MA.
    What are key features of this property?
    This property features: Multiple loading docks and drive-in access.; Industrial zoning allowing diverse uses.; High ceilings exceeding 17 feet.
    (781) 862-6168 Call to check price and availability
    Request Owner's contact information
    120 Tapley St Springfield, MA 01104
    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.
    120 Tapley St
    Springfield, MA 01104
    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
    120 Tapley St Springfield, MA 01104
    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 David Berman
    David Berman
    (781) 862-6168 (413) 636-9055 (857) 362-0152
    Learn more
    Google sign-in failed. Please try again or use another login method.