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Property profile & analytics
OFF-MARKET Estimated value $245,000
Parking lots & garages

16 Elm St Westfield, MA 01085

0.19 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US38-0215913
Property summary
AI-generated overview

This stunning, historically significant two-story building, constructed in 1879, is located at 16 North Elm Street in Westfield, Massachusetts. Originally Westfield's train station, this 2,400 square foot building, plus a finished 2,400 square foot basement, currently functions as commercial office space, featuring ten offices and four bathrooms. The property boasts a desirable CORE zoning designation, allowing for a variety of commercial uses including restaurants, churches, specialty retail, financial institutions, or even conversion to residential units (subject to permits). Built of granite stone with original black walnut and pine interior finishes and ceilings, the building retains much of its historic charm, including a slate roof in good condition. Ample parking is available with over 30 spaces. Conveniently located in downtown Westfield, the property benefits from public water and sewer, natural gas, high-speed fiber cable access, and proximity to major highways. The potential for rail access also exists. This unique property presents a rare opportunity to own a piece of Westfield's history and capitalize on its versatile commercial potential. The asking price is $695,000.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.19 ac (8,200 SF)
APN WFLD M:55 L:14
UPID US38-0215913
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k
Owner & transaction history
Tandem Elm St Prop LLC · 1 yrs held
Tandem Elm St Prop LLC
since 2025
6 recorded transactions
2025
$675,000
2020
Price N/A
2005
$250,000
2002
Price N/A
2001
$35,000
1993
$35,191
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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