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    Property profile & analytics

    35 Industrial Dr East Longmeadow, MA 01028

    • Manufacturing properties
    • 125,880 SF
    • 7.55 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Last Sale
    Jan 04, 2021
    $2,050,000
    Value Estimations
    $2,130,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1254796
    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

    • Alternate Mode Inc / Musical Instrument Manufacturer
    • Suite 4 / Warehouse

    Property Details for 35 Industrial Dr

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    7.55 lot acres
    Property size
    125,880 SF
    Zone code
    INDG
    Property type
    Manufacturing properties
    APN
    ELON M:0019 B:0001 L:0006
    APU
    ELONM0019B0001L0006

    Description

    This exceptional 17,800 square foot warehouse space is available for lease within a larger 125,880 square foot multi-tenant industrial building located at 35 Industrial Drive, East Longmeadow, MA 01028. The property boasts a desirable location in the East Longmeadow Industrial Park, offering easy access to major transportation routes. Built in 1978, this Class B building sits on a generous 7.55-acre lot with 300 feet of frontage on Industrial Drive. The warehouse features a spacious layout with 60' x 25' column spacing and 21' ceilings to the joists, providing ample room for various industrial operations. Loading capabilities are robust, including nine dock-high doors and two drive-in doors. The property is zoned for industrial use and offers ample on-site parking. The available space presents a unique opportunity for businesses seeking a well-maintained, functional warehouse in a strategic location. This is a multi-tenant building with a total of 125,880 square feet, with 17,800 square feet currently vacant. The property's features include a 14' grade level door and a 10' loading dock. This is an excellent opportunity for a business seeking a functional and well-located warehouse space in East Longmeadow, Massachusetts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,010,000
      ML approach
      $2,270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,258,000
      Market price range: $1.47M - $8.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    East Longmeadow
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5228
    Latitude
    42.0493
    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
    $58,153
    $801,700
    $2,334,900
    $3,136,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,815,000
      111,890 SF

      82 Deer Park Dr

      MANUFACTURING (LIGHT) • 111,890 SF
      82 Deer Park Dr, East Longmeadow, MA 01028-3196
      View Details
    • Value Estimation
      $895,000
      17,388 SF

      165 Benton Dr

      MANUFACTURING (LIGHT) • 17,388 SF
      165 Benton Dr, East Longmeadow, MA 01028-3214
      View Details
    • Value Estimation
      $1,605,000
      89,337 SF

      50 Industrial Dr

      MANUFACTURING (LIGHT) • 89,337 SF
      50 Industrial Dr, East Longmeadow, MA 01028-3102
      View Details
    • Value Estimation
      $1,920,000
      21,539 SF

      305 Shaker Rd

      MANUFACTURING (LIGHT) • 21,539 SF
      305 Shaker Rd, East Longmeadow, MA 01028-3125
      View Details
    • Value Estimation by Request
      3,968 SF

      46 Baldwin St

      MANUFACTURING (LIGHT) • 3,968 SF
      46 Baldwin St, East Longmeadow, MA 01028-2232
      View Details
    • Value Estimation by Request
      6,900 SF

      483 Shaker Rd

      MANUFACTURING (LIGHT) • 6,900 SF
      483 Shaker Rd, East Longmeadow, MA 01028-3124
      View Details

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    Similar Nearby for Lease

    • $7 SF/Yr
      17,000 SF

      East Longmeadow Warehouse Space Available

      17,800 SF warehouse space for lease in East Longmeadow.
      35 Industrial Dr, East Longmeadow, MA 01028
      View Details
    • $19 SF/Yr
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      East Longmeadow Industrial Building For Lease

      4,968 SF industrial building for lease in East Longmeadow.
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      View Details
    • $5 SF/Yr
      98,000 SF

      East Longmeadow Warehouse Space Available

      98,000 SF warehouse space with loading docks and drive-in door.
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      View Details
    • $18 SF/Yr
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      East Longmeadow Office Suites

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      View Details
    • Contact for pricing
      251 SF

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    • $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
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    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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