Flex Space with Drive-Through
97 Ramah Cir S, Agawam, MA 01001
For Sale
Contact for pricing
Workshop and office areas are paired with three-phase power and an outdoor yard.
Property Size5,000 SF
Lot Size1.45 Acres
Price / SF$0.00
Days on Market16
Property Features for 97 Ramah Cir S
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Highway Access
Outdoor Storage
Warehouse & Industrial
Clear Height
Clear Span
Drive-In Doors
Power
Three-Phase Power
Additional Details
Real Estate Included
Property Use
Amenities
private bathroom with shower
400-amp 3-phase power
floor drains with oil-water separator
three gas unit heaters
reception area
private office
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Gallagher Real Estate
(877) 533-3539
Listed By:
Maggie Mislak · License MA #9087974, CT #0826938
(413) 240-4119
Source:
Lockandkeyre
Added: Oct 26
Changed: Nov 10
Last Checked: Nov 10 at 2:13PM
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 Gallagher Real Estate
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Investment Insights
Based on property information with market context.
Built in 1984, this flex property combines a garage and workshop with office space. The workshop measures 50'W x 80'L, has 18'H ceilings, and includes two 12'W x 14'H drive-through bay doors. Additional features include a ±400SF parts room, a private bathroom with shower, floor drains connected to an oil-water separator, three gas unit heaters, and 400-amp 3-phase power. The main office has a reception area, a private office, and a separate bathroom.
The property is in Agawam’s Industrial District A zone, approximately 10 minutes from Interstate 91. The level outdoor yard is part of a ±1.45-acre total parcel configuration. A ±0.71-acre parcel option includes the building and its immediate grounds; an adjacent ±0.74-acre lot can be added at 28 Russo Circle.
The property is in Agawam’s Industrial District A zone, approximately 10 minutes from Interstate 91. The level outdoor yard is part of a ±1.45-acre total parcel configuration. A ±0.71-acre parcel option includes the building and its immediate grounds; an adjacent ±0.74-acre lot can be added at 28 Russo Circle.
Key Highlights
- 50'W x 80'L clear‑span workshop with 18'H ceilings
- Two 12'W x 14'H drive‑through bay doors
- 400‑amp 3‑phase power, floor drains, and an oil‑water separator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,170
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,400
$523.4K
Cap Rate 7%
$373,857
$373.9K
Cap Rate 9%
$290,778
$290.8K
Market Conditions
NOI Build-Up for 4,900 SF
Gross rent
$40.0K $8.16/SF
− Vacancy
−$2.6K −$0.53/SF
EGI
$37.4K $7.63/SF
− OpEx
−$11.2K −$2.29/SF
NOI
$26.2K $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%
$523,400
Cap Rate 7%
$373,857
Cap Rate 9%
$290,778
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.34M
NOI $80,509 @ 7.0% cap
Second Best
Flex RnD
$899.3K
$786.9K – $1.05M
NOI $62,948 @ 7.0% cap
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,398 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01001, MA
16,984
Population
7,033
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,503
Density / Sq Mi
$71,924
Median Household Income
$54,266
Median Earnings
$1,305
Median Rent
$270,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Hampden County, MA
Properties on Market for Flex space in Hampden County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Partners Restaurant & Catering — 485 Springfield St, Feeding Hills, MA 01030
- Hood Home Delivery — 233 Main St, Agawam, MA 01001
- Memo's Restaurant — 1272 Memorial Ave, West Springfield, MA 01089
Frequently Asked Questions
What type of property is this?
Flex space - Workshop and office areas are paired with three-phase power and an outdoor yard.
Where is this flex space located?
The property is located at 97 Ramah Cir S Agawam, MA.
What are key features of this property?
This property features: 50'W x 80'L clear‑span workshop with 18'H ceilings; Two 12'W x 14'H drive‑through bay doors; 400‑amp 3‑phase power, floor drains, and an oil‑water separator
