Property profile

98 Lower Westfield Rd Holyoke, MA 01040

OFF-MARKET
Office Spaces
38,000 SF 2.5 ac lot Built 1985
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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

Current use

Occupant on record · Public records
  • Tax Preparation
  • Electronics & Wireless Store
  • Alternative Medicine Practice Spa & Massage Center
  • Dental Office
  • Insurance Agency

Location

98 Lower Westfield Rd Holyoke, MA 01040
Holyoke metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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