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    Property profile & analytics

    15 Baldwin St East Longmeadow, MA 01028

    • Retail space
    • 4,968 SF
    • 0.36 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Last Sale
    Mar 17, 2025
    $600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1759194
    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.

    Current Use by Public Records

    • VCA Shaker Road Animal Hospital / Animal Shelter / Pet Adoption Service
    • Dog Shop / Pet Grooming Service

    Property Details for 15 Baldwin St

    Year built
    1960
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property size
    4,968 SF
    Zone code
    IND
    Property type
    Retail space
    APN
    ELON M:0027 B:0013 L:0000
    APU
    ELONM0027B0013L0000

    Description

    This exceptional East Longmeadow, MA retail property at 15 Baldwin St offers a substantial 4,968 square foot building on a 0.36-acre lot, perfect for a variety of commercial uses. Built in 1960, the single-story structure features ample parking for 25+ vehicles. Currently configured for a pet grooming and care business, the property's IND zoning, recently updated to allow overnight boarding with a special permit, presents significant flexibility for investors. The property boasts multiple outdoor play areas, a large grooming area, and an indoor play area, all contributing to its current operational success. The asking price is $699,000, translating to $140.70 per square foot. This represents a compelling opportunity to acquire a well-located, versatile commercial property in a thriving market. The property's existing infrastructure and zoning flexibility make it an ideal investment for both established businesses and forward-thinking entrepreneurs. Its convenient location in Hampden County, MA, zip code 01028, ensures high visibility and accessibility. The property's successful ongoing business operation further enhances its investment appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $505,000
      Current use
      AUTO REPAIR, GARAGE
      $620,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $555,000
      Change: +10% Conversion: Easy
      COMMERCIAL (GENERAL)
      $435,000
      Change: -14% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    East Longmeadow
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5171
    Latitude
    42.064
    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
    $6,068
    $69,000
    $258,300
    $327,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,740,000
      13,566 SF

      54 Ctr Sq

      RETAIL STORES (PERSONAL SERVICES) • 13,566 SF
      54 Ctr Sq, East Longmeadow, MA 01028-2446
      View Details
    • Value Estimation
      $740,000
      9,920 SF

      126 Shaker Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,920 SF
      126 Shaker Rd, East Longmeadow, MA 01028-2759
      View Details
    • Value Estimation by Request
      4,800 SF

      664 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      664 Main St, East Longmeadow, MA 01028-1817
      View Details
    • Value Estimation by Request
      4,900 SF

      200 Shaker Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,900 SF
      200 Shaker Rd, East Longmeadow, MA 01028
      View Details
    • Value Estimation by Request
      6,400 SF

      39 Maple St

      RETAIL STORES (PERSONAL SERVICES) • 6,400 SF
      39 Maple St, East Longmeadow, MA 01028-2745
      View Details
    • Value Estimation by Request
      3,600 SF

      8-10 Ctr Sq

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      8-10 Ctr Sq, East Longmeadow, MA 01028
      View Details

    Similar Nearby for Sale

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      East Longmeadow Commercial Land

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    • $219,900

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    • Contact for pricing

      3.09 Acre Development Opportunity

      3.09 acre site suitable for retail, office, or medical.
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      East Longmeadow Residential Land Opportunity

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      Stunning 29-acre land parcel in East Longmeadow, Massachusetts.
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      Two-family home with potential for expansion or investment.
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    Similar Nearby for Lease

    • $18 SF/Yr
      9,200 SF

      East Longmeadow Office Suites

      Prime Retail/Office Space Available
      50 Shaker Rd, East Longmeadow, MA 01028
      View Details
    • $20 SF/Yr
      2,000 SF

      East Longmeadow Retail/Office Space

      2,000 SF retail or office space on Route 220.
      165 Shaker Rd, East Longmeadow, MA 01028
      View Details
    • $1,600 /Mo

      Retail/Office Space on Shaker Road

      Highly visible retail or office space with on-site parking.
      126-134 Shaker Rd, East Longmeadow, MA 01028
      View Details
    • $1,325 /Mo
      700 SF

      East Longmeadow Commercial Unit For Rent

      High-visibility commercial unit near bike path, restaurants, and town amenities.
      69 Maple St, East Longmeadow, MA 01028
      View Details
    • $18 SF/Yr
      1,500 SF

      Retail/Office Space Available

      1,500 SF ground level retail or office space for rent.
      50-58 Shaker Rd, East Longmeadow, MA 01028
      View Details
    • $26 SF/Yr
      1,831 SF

      East Longmeadow Retail Space Available

      Retail space available for lease in East Longmeadow, MA.
      55 White Ave, East Longmeadow, MA 01028
      View Details
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    15 Baldwin St
    East Longmeadow, MA 01028
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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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