Mixed-Use Property with
New
For Sale
$674,900
99 Springdale Rd, Westfield, MA 01085
Attached two-bedroom residence pairs living space with a commercial area featuring three-phase electrical service.
Property Size1,740 SF
Price / SF$387.87
Days on Market2
Property Features for 99 Springdale Rd
General Information
Standard status
Active
Size
1,740 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
10.6 ft
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$3,945
Building Details
Year Built
1945
Listed By:
Yuliya Pichnyi
(413) 209-0449
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 4:29PM
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 Yuliya Pichnyi
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Investment Insights
Based on property information with market context.
This mixed-use property combines approximately 1,740 square feet of commercial space with an attached, remodeled single-family residence of approximately 1,444 square feet. The commercial area has three-phase electrical service, 10.6-foot ceilings, heating, air conditioning, and separate utilities. The home includes two bedrooms, two full bathrooms, a living room with a brick fireplace, a kitchen with appliances, and a finished basement. A third room can serve as additional interior space, and laundry is on the first floor.
A two-car garage sits beside the residence, with additional off-street parking and a yard next to the commercial space. The property is near the Massachusetts Turnpike.
A two-car garage sits beside the residence, with additional off-street parking and a yard next to the commercial space. The property is near the Massachusetts Turnpike.
Key Highlights
- Approximately 1,740 square feet of commercial space with three‑phase electrical service
- 10.6‑foot ceilings, heating, air conditioning, and separate utilities in the commercial area
- Attached remodeled home offers approximately 1,444 square feet, two bedrooms, and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,353
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,060
$447.1K
Cap Rate 7%
$319,329
$319.3K
Cap Rate 9%
$248,367
$248.4K
Market Conditions
NOI Build-Up for 1,740 SF
Gross rent
$37.6K $21.60/SF
− Vacancy
−$3.2K −$1.84/SF
EGI
$34.4K $19.76/SF
− OpEx
−$12.0K −$6.92/SF
NOI
$22.4K $12.85/SF
Area
Hampden County, MA
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,060
Cap Rate 7%
$319,329
Cap Rate 9%
$248,367
Alternative Uses
Best Use
Flex RnD
$319.3K
$279.4K – $372.6K
NOI $22,353 @ 7.0% cap · market cap 3.31%
Second Best
Mixed Use
$251.7K
$220.2K – $293.6K
NOI $17,618 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.07M
$938.4K – $1.25M
NOI $75,068 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
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Business Placement
Demographics for 01085, MA
41,529
Population
17,054
Households
2.4
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
59.7 sq mi
ZIP Area
696
Density / Sq Mi
$83,821
Median Household Income
$44,737
Median Earnings
$1,064
Median Rent
$296,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Attached two-bedroom residence pairs living space with a commercial area featuring three-phase electrical service.
Where is this mixed-use property located?
The property is located at 99 Springdale Rd Westfield, MA.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Approximately 1,740 square feet of commercial space with three‑phase electrical service; 10.6‑foot ceilings, heating, air conditioning, and separate utilities in the commercial area; Attached remodeled home offers approximately 1,444 square feet, two bedrooms, and two full bathrooms
