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    1200 Converse St Longmeadow, MA 01106
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    Property profile & analytics

    1200 Converse St Longmeadow, MA 01106

    View on Map
    • Office buildings
    • 11,942 SF
    • 0.57 lot acres
    For Lease
    $2,970,000
    View Listing →
    Longmeadow Professional Building Office Space For Lease
    $2,970,000
    12,000 SF

    Longmeadow Professional Building Office Space

    Office spaces available for lease in Longmeadow, Massachusetts.

    1200 Converse St, Longmeadow, MA 1106
    View Listing
    Property ID
    US38-1506334
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1200 Converse St

    Year built
    1987
    Construction
    FRAME
    Lot size
    0.57 lot acres
    Property size
    11,942 SF
    Zone code
    PRO
    Property type
    Office buildings
    APN
    LONG M:0177 B:0415 L:0035A
    APU
    LONGM0177B0415L0035A

    Description

    The Converse Professional Building, located at 1200 Converse St, Longmeadow, MA 01106, is a three-story, Class B office building totaling 11,939 square feet. Built in 1987, this multi-tenant property sits on a 0.57-acre lot at the signalized intersection of Converse Street and Dwight Road, offering convenient access via two separate curb cuts. The building features approximately 4,000 square feet per floor and provides 16 suites to accommodate various tenant needs. Currently, there is 586 square feet of vacant space. Amenities include 40 total parking spaces. Zoned PRO, this property offers a variety of office spaces, including individual offices starting at $475 per month, a larger space available for $750 per month, and a 320 square foot office for $900 per month (all third-floor options). No elevators are present.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,925,000
      6.5%
      $2,700,000
      7%
      $2,505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,834,000
      Market price range: $469k - $3.83M
      AI Estimate
      $2,378,000
      Market price range: $371k - $2.38M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Longmeadow
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5383
    Latitude
    42.0597
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $26,644
    $334,700
    $953,700
    $1,288,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,160,000
      10,907 SF

      734 Longmeadow St

      OFFICE BUILDING • 10,907 SF
      734 Longmeadow St, Longmeadow, MA 01106-2245
      View Details
    • Value Estimation
      $1,405,000
      6,772 SF

      904 Shaker Rd, Unit 916

      OFFICE BUILDING • 6,772 SF
      904 Shaker Rd, Longmeadow, MA 01106-2416
      View Details
    • Value Estimation
      $710,000
      3,423 SF

      149 Longmeadow St

      OFFICE BUILDING • 3,423 SF
      149 Longmeadow St, Longmeadow, MA 01106-1042
      View Details
    • Value Estimation
      $2,300,000
      11,750 SF

      66 Dwight Rd

      OFFICE BUILDING • 11,750 SF
      66 Dwight Rd, Longmeadow, MA 01106-1889
      View Details
    • Value Estimation
      $695,000
      3,207 SF

      776 Longmeadow St

      OFFICE BUILDING • 3,207 SF
      776 Longmeadow St, Longmeadow, MA 01106-2219
      View Details
    • Value Estimation
      $2,650,000
      10,656 SF

      136 Dwight Rd

      OFFICE BUILDING • 10,656 SF
      136 Dwight Rd, Longmeadow, MA 01106-2075
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Longmeadow Professional Building Office Space

      Multi-tenanted building with offices available for lease.
      1200 Converse St, Longmeadow, MA 01106
      View Details
    • $350,000
      0.79 Acres

      Longmeadow Building Lot Opportunity

      Prime Longmeadow lot for building a custom dream home.
      Dennis Rd, Longmeadow, MA 01106
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Longmeadow Professional Building Office Space

      Office spaces available for lease in Longmeadow, Massachusetts.
      1200 Converse St, Longmeadow, MA 01106
      View Details
    • $29 SF/Yr
      38,994 SF

      Springfield Office Space for Rent

      1,600 SF office space in Springfield, suitable for various businesses.
      1160 Dickinson St, Springfield, MA 01106
      View Details
    • Contact for pricing
      4,518 SF

      Restaurant Space in Longmeadow Shops

      4,518 SF restaurant space with full bar and equipment.
      827 Williams St, Longmeadow, MA 01106
      View Details
    • Contact for pricing
      487 SF

      Retail Space in Longmeadow

      Retail space available in a community shopping and dining area.
      666-734 Bliss Rd, Longmeadow, MA 01106
      View Details
    • Contact for pricing

      Retail Center in Longmeadow, MA

      19,562 SF retail center in affluent Longmeadow, Massachusetts.
      901 Shaker Rd, Longmeadow, MA 01106
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Maple Center

      Retail spaces available in Longmeadow's Maple Shopping Center.
      901 Shaker Rd, Longmeadow, MA 01106
      View Details
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    Longmeadow, MA 01106
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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