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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

924-934 Main St Springfield, MA 01103

5,658 SF Built 1951
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1951
Total area 5,658 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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