Entity Owned 
For Sale
1 / 28
$2,970,000
294 N Main St, East Longmeadow, MA 01028
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Property summary
AI-generated overview
This exceptional two-story, Class B medical office building, totaling 23,109 square feet, is situated on 2.65 acres at 294 N Main St, East Longmeadow, MA 01028, near the town center on Route 83. Built in 1996 and renovated in 2004, the property features 8 suites, with 10,600 square feet currently vacant. Spaces range from 2,600 to 5,200 contiguous square feet, offering flexibility for various medical practices. The building boasts a 10-foot ceiling height, one elevator, and ample parking with 95 spaces. Its convenient location offers easy access to major highways, public transportation, and amenities. Less than a mile from Center Square and a third of a mile from Heritage Plaza, it's also a short 25-minute drive to Bradley International Airport. The property is zoned commercial and located in the Greater Springfield submarket. Annual property taxes are $1.80 per square foot. This prime location and versatile space make it an ideal opportunity for medical professionals seeking a well-established and accessible practice setting.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1996
Construction
STEEL FRAME
Total area
23,109 SF
Lot
2.65 ac (115,434 SF)
Zoning code
COM
APN
ELON M:0014 B:0013 L:0000
UPID
US38-1233407
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
-
Physician
-
Dental Office
-
Dental Office
-
Dental Office
-
Medical Clinic
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
$3.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
since 2025
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
COM · East Longmeadow, MA
Zoning description
The intent of the zone to promote Commercial District
General category
COMMERCIAL
Top alternative use upside
Restaurant
$3.1M
+53.4%
Auto repair, garage
$2.9M
+43.2%
Office building
$2.6M
+27.7%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.97M
Value range
$2.67M – $3.27M
±10% around blend
Estimated value / SF
$129 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$2.67M
blend $2.97M
$3.27M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
23,109 SF
Lot area
2.65 ac
Year built
1996
Stories
3
APN
ELON M:0014 B:0013 L:0000
Zoning
COM
Assessed value
$2,457,300
Annual tax
$45,558
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.60M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.90M
@ 6.5% CAP return
$3.60M
@ 7% CAP return
$3.35M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$45,558
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.97M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 433 sales
$87
+47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $129/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+53%
vs current-use indication
Auto Repair, Garage
Office Building
Retail Stores
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
8.00%
Selected cap rate for this showrooms
Derived from the East Longmeadow market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.00%
9.0%
NOI (est.)
$144k *
Last sale · Sep 2020
$3.00M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.80M
Move the market yield to see immediate price impact.
Value / SF
$78
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.50%8.00%8.50%
$129k
$1.72M
$1.62M
$1.52M
$144k
$1.91M
$1.80M
$1.69M
$158k
$2.11M
$1.97M
$1.86M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$45,558
Tax year 2024
Assessed value
$2,457,300
Assessed 2024
Previous assessed
$2,457,300
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$326,900
Assessed improvement
$2,130,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
8
Bathrooms
19
Total area
23,109 SF
Lot
2.65 ac (115,434 SF)
Zoning code
COM
APN
ELON M:0014 B:0013 L:0000
UPID
US38-1233407
Jurisdiction
EAST LONGMEADOW
Zoning & alternative use
COM · East Longmeadow, MAZoning COM · permitted uses
COM · East Longmeadow, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The intent of the zone to promote Commercial District
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
8
Bathrooms
19
Lot
2.65 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
COM
COMMERCIAL
Jurisdiction
East Longmeadow, MA
Recorded code
COM
Official district
COM
Official district profile
What the municipal code says about COM
Zoning description
The intent of the zone to promote Commercial District
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for COM in East Longmeadow, MA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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