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    Property profile & analytics
    OFF-MARKET Estimated value $515,000
    Manufacturing properties

    785 Page Blvd, Springfield, MA 01104-3036

    4,452 SF 0.23 ac lot Built 1942
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US38-0940517
    Property summary
    AI-generated overview

    This exceptional 4,452 square foot industrial building presents a unique investment opportunity in Springfield, Massachusetts. Strategically located on Page Boulevard, this property boasts unparalleled visibility due to its proximity to high-traffic national chains such as McDonald's and Burger King, experiencing a combined Average Annual Daily Traffic (AADT) of 15,000 vehicles. The building's functional layout is designed for versatility, catering to a range of commercial uses including manufacturing, distribution, and warehousing. Key features include three private offices, providing ample space for administrative functions. High ceilings (10 feet) maximize storage and operational efficiency, complemented by a convenient 9-foot drive-in door for easy loading and unloading. A two-car garage offers additional secure storage or workspace. The property also includes ample parking, with significant potential for outdoor storage expansion or future building additions on the 0.38-acre lot. The building is equipped with 3-phase power, making it suitable for businesses with demanding energy requirements. Its exceptional location offers seamless access to major interstate highways, including I-291 (seconds away), I-90 (approximately 2 miles), and I-91 (approximately 4.5 miles), ensuring efficient regional connectivity and convenient transportation for employees and clients. This property represents a compelling opportunity for businesses seeking a high-visibility, well-equipped industrial space in a prime Springfield location.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1942
    Total area 4,452 SF
    Lot 0.23 ac (10,001 SF)
    Zoning code I2
    APN SPRI S:09440 P:0973
    UPID US38-0940517
    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
    $500k
    CAP Approach CAP
    $625k
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $515k
    Owner & transaction history
    Thi Tai Realty LLC · 2 yrs held
    Thi Tai Realty LLC
    since 2023
    Last sale
    $550,000
    6 recorded transactions
    2023
    $550,000
    2023
    $460,000
    2021
    2020
    2006
    $300,000
    2002
    $225,000
    Zoning & alternative use
    I2 · Springfield, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $725,000 +232.0%
    Auto repair, garage $575,000 +165.0%
    Commercial (general) $495,000 +127.0%
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