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    OFF-MARKET
    Office Spaces

    98 Lower Westfield Rd, Holyoke, MA 01040

    38,000 SF 2.5 ac lot Built 1985
    Property ID
    Property summary
    AI-generated overview

    This Class A, 38,000 square foot office building, located at 98 Lower Westfield Rd, Holyoke, MA 01040, offers multiple suites ranging from 3,500 to 14,500 square feet. Built in 1985 and extensively renovated in 2021, the property boasts a modern façade, upgraded HVAC systems with ionization air filtration, and a modernized Otis elevator. The three-story building features 14 suites, with a 14-foot ceiling height, and ample free parking (240 spaces). Located on a 2.5-acre lot, this property enjoys a highly visible location on the access road to the Holyoke Mall and across from the Holyoke Crossing power center, providing excellent exposure and convenient access to I-91 and I-90. The property benefits from professional landscaping and snow removal, responsive on-site management, and a diverse tenant mix including Venture X Holyoke, H&R Block, Great Clips, and others. The available space is ideal for a variety of office users, including law firms, accounting firms, medical practices, and more. The $3 million in capital improvements includes keyless entry systems for both building and individual office access, ensuring 24/7 secure access. Property taxes are $3.30 per square foot. Zoning is BH, Hampden County. The minimum divisible space is 3,500 square feet, with a maximum contiguous space of 3,500 square feet. Currently, 3,500 square feet of space is vacant. Utilities are provided by Holyoke Gas & Electric.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1985
    Total area 38,000 SF
    Lot 2.5 ac (108,900 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
    Current use
    Occupant on record · Public records
    • H&R Block Tax Preparation
    • Hunt's Photo & Video Electronics & Wireless Store
    • Michel R. Vassallo, MT Alternative Medicine Practice Spa & Massage Center
    • Baystate Dental of Holyoke Dental Office
    • Webber and Grinnell Insurance, an Alera Group Company Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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