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Property profile & analytics
OFF-MARKET Estimated value $1,800,000
Showrooms

65 Springfield Rd Westfield, MA 01085-1855

21,072 SF 2.94 ac lot Built 1996
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US38-0812884
Property summary
AI-generated overview

This exceptional two-story, Class B office building, totaling 22,419 square feet, presents a unique investment opportunity in Westfield, Massachusetts. Located at 65 Springfield Road, this property boasts a convenient location on Route 20, providing easy access to major highways I-90 and I-91. The building features three suites, with 3,600 square feet currently available for lease. Individual suites range from a minimum of 1,000 square feet to a maximum contiguous space of 2,600 square feet, catering to a variety of business needs. The property sits on 2.94 acres of land and offers ample on-site parking with a total of 50 spaces. Built in 1996, the well-maintained building includes convenient amenities such as a conference room and an elevator, enhancing its appeal to potential tenants. The property's versatile layout is suitable for various office uses, including medical, traditional, and executive office spaces. Its strategic location and comprehensive amenities make this a highly desirable property for businesses seeking a comfortable and efficient workspace in a thriving community. The property is zoned for office use and is situated in Hampden County, offering easy access to a diverse range of local amenities and services. This is an excellent opportunity to acquire a well-maintained, strategically located office building with significant potential for growth and return on investment.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1996
Construction STEEL FRAME
Total area 21,072 SF
Lot 2.94 ac (127,896 SF)
APN WFLD M:113 L:3
UPID US38-0812884
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
$1.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.80M
Blend (final) Blend
$1.80M
Owner & transaction history
Waystar Mss Holdings LLC · 2 yrs held
Waystar Mss Holdings LLC
since 2024
Last sale
$1.8M
7 recorded transactions
2024
$1.8M
2021
Price N/A
2001
Price N/A
1996
Price N/A
1995
$130,000
1990
$335,000
1989
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.8M +60.4%
Auto repair, garage $2.6M +49.6%
Retail stores $2.1M +21.6%
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