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Financial
Distress signals
Property profile

11 Interstate Dr West Springfield, MA 01089

FOR LEASE
Other industrial properties
Property ID
US38-0503723
141,117 SF 12.5 ac lot Built 1987
Last sale Oct 2018 · $1,610,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 11 Interstate Drive in West Springfield, Massachusetts is a multi-tenant commercial building that has been converted into executive office, flex, and life science suites. It features large windows and open floor plates across multiple levels, with flexible interior buildout options to support different tenant layouts. The building is positioned atop a hill and has views toward major regional transportation corridors, including the Massachusetts Pike (I-90), I-91, and the Pioneer…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$151k
Tax billed · 2024
Assessed value$5.06M
Assessed land$2.21M
Assessed improvement$2.85M
Effective rate2.98%

Value estimate

· Oct 2026
$1.36M
$1.22M – $1.49M
AI approach$1.44M
NOI build-up
Gross scheduled income$1.03M
Vacancy & credit loss−$227k
Operating expenses−$201k
NOI · 6,710,277.78% cap applied$604k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$56/SF
County average, outlier-cleaned · 112 recorded sales of this use type
Observed band · Q1–Q3$27 – $84

Cap rate analysis

How does the asset earn?
6,710,277.78%
$604k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWEST SPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.8
Auto Repair Shop13.5
Wholesale Shop11.9

Location

11 Interstate Dr West Springfield, MA 01089
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 Palmer, West Springfield, MA 01089-4019 $2,700,000 Sep 2024 190,582 SF
122 Doty, West Springfield, MA 01089-1310 $2,080,000 Sep 2024 17,280 SF
77 Heywood, West Springfield, MA 01089-3715 $375,000 Jul 2023 10,662 SF
946 Elm, West Springfield, MA 01089-2659 $226,688 Mar 2021 9,666 SF
380 Un, West Springfield, MA 01089-4127 $7,750,000 May 2019 553,495 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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