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Financial
Distress signals
Property profile

117 Park Ave West Springfield, MA 01089

FOR LEASE
Office buildings
Property ID
US38-1078150
21,774 SF 0.7 ac lot Built 1970
Last sale Jul 2014 · $1,580,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

An office building located at 117 Park Ave in West Springfield, Massachusetts, configured with multiple full-service office suites. The available suite configurations include a 1,300-square-foot office on the third floor and a 4,100-square-foot suite on the first floor, with the first-floor space featuring a flexible layout suitable for medical, administrative, or general office use, consistent with the building’s historical professional and medical office occupancy. The property includes…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$50k
Tax billed · 2024
Assessed value$1.68M
Assessed land$123k
Assessed improvement$1.55M
Effective rate2.98%

Value estimate

· Oct 2026
$1.04M
$932k – $1.14M
Submarket $/SF estimate$1.33M
NOI build-up
Gross scheduled income$141k
Vacancy & credit loss−$31k
Operating expenses−$27k
NOI · 412,495.00% cap applied$82k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$92/SF
County average, outlier-cleaned · 188 recorded sales of this use type
Observed band · Q1–Q3$56 – $144

Cap rate analysis

How does the asset earn?
412,495.00%
$82k 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: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.1
Watch Repair Shop8.7
Tech Support Center8.6

Location

117 Park Ave West Springfield, MA 01089
County assessor Recorded deeds · 10 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
75 Van Deene, West Springfield, MA 01089-3258 $600,000 Dec 2022 12,212 SF
76 Capital, West Springfield, MA 01089-1331 $2,439,000 Aug 2022 13,550 SF
147 Norman, West Springfield, MA 01089-5003 $605,000 May 2022 9,116 SF
63 Myron, West Springfield, MA 01089-1582 $825,000 Dec 2020 12,600 SF
51 Park, West Springfield, MA 01089-3386 $425,000 Sep 2020 10,032 SF
425 Un, West Springfield, MA 01089-4115 $3,200,000 Sep 2019 31,317 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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