Property profile

160 Baldwin St West Springfield, MA 01089

OFF-MARKET
Office buildings
Property ID
US38-1407944
4,310 SF 0.28 ac lot Built 1925
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,310-square-foot office building, located at 160 Baldwin St in West Springfield, Massachusetts, presents a unique investment opportunity. Previously operating as a spa and wellness center, this Class B property is currently vacant and ready for immediate occupancy. The building sits on a 0.28-acre lot and offers ample parking with 24 surface spaces. Its versatile layout is suitable for a variety of executive or creative office uses, making it an ideal space for businesses seeking a modern and functional workspace. The property is zoned BB-1, offering flexibility for potential future development or expansion. The asking price is $425,000, translating to $121.81 per square foot. This represents a compelling value proposition in the desirable West Springfield market, offering a blend of functionality, convenience, and growth potential. The property's location in Hampden County, MA, zip code 01089, provides easy access to major transportation routes and local amenities. This is a rare opportunity to acquire a well-situated, versatile office building in a thriving community. Don't miss out on this chance to secure a valuable asset in a prime location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1925
Construction FRAME
Total area 4,310 SF
Lot 0.28 ac (12,000 SF)
APN WSPR M:00124 B:02350 L:00007
UPID US38-1407944

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon

Location

160 Baldwin St West Springfield, MA 01089-5001
West Springfield metro Census 812300 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2024
5 recorded transactions
2024
$330,000
2006
$370,000
2006
Price N/A
1992
Price N/A
1990
$121,900

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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