924-934 Main St Springfield, MA 01103
This exceptional investment opportunity presents a two-story, multi-unit office building totaling 5,658 square feet situated on a prominent 8,891 square foot lot in Springfield, Massachusetts. Located just blocks from the MGM casino, this high-visibility property boasts four units, two on each floor. Two larger units (approximately 1,829 square feet each) and two smaller units (approximately 1,000 square feet each) provide flexibility for various tenants. The first-floor units benefit from access to a partially finished basement, offering additional usable space. Each unit features separate gas and electric meters for efficient utility management. The property includes a fenced, paved parking lot accommodating 20 vehicles. Significant improvements have been made, including roof and window replacements (approximately 10 years ago), installation of high-efficiency LED lighting, and a recent HVAC unit replacement (less than two years ago). The building is zoned B2 and offers a pro-forma NOI of $37,242 and a pro-forma cap rate of 7.23%. The asking price is $515,000. All information is provided as per owner. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location with strong potential for future growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.