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    89 Whitney Ave West Springfield, MA 01089
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    Property profile & analytics

    89 Whitney Ave West Springfield, MA 01089

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    • Commercial real estate
    • 20.20 lot acres
    Off-Market
    Property ID
    US38-1096350
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 89 Whitney Ave

    Lot size
    20.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 20.2-acre parcel presents a rare development opportunity in West Springfield, Massachusetts. Conveniently located near the Holyoke Mall, Route 5, the Mass Pike, and Route 91, this property offers unparalleled access to major transportation arteries. The land is zoned RA-2, permitting the construction of single-family homes, cluster developments, churches, educational non-profits, childcare facilities, wireless communication infrastructure, and agricultural uses. Other uses may be possible with appropriate zoning changes, special permits, and 40B developments. The potential for a solar farm also exists, subject to zoning approval. Natural gas service is available nearby, with the gas line ending near the intersection of Highland and Whitney Avenues, according to Eversource. The property comprises seven parcels, detailed in the provided legal descriptions: 0 Bonnie Brae Drive (1.29 acres), 0 Highland Lane (0.2 acres), 0 Highland Lane (0.2 acres), 0 Whitney Avenue (10.28 acres), 89 Whitney Avenue (0.59 acres), 107 Whitney Avenue (2.12 acres), and 111 Whitney Avenue (3.18 acres). Additional deed references are available. Public water and sewer are available at the street

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6396407
    Latitude
    42.1612974

    Comparable in this City

    • Contact for pricing
      Pending

      Updated Two-Family Home with Yard

      Two-family home with updates, fenced yard, and income potential.
      1996 Westfield St, West Springfield, MA 01089
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    • $699,900
      Pending

      Renovated Three-Family Turnkey Property

      Newly renovated, fully vacant three-family property with modern amenities.
      20 Cottage St, West Springfield, MA 01089
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    • Contact for pricing

      Well-Maintained Multifamily Home

      Multifamily home with three-bedroom units in a sought-after neighborhood.
      59 Day St, West Springfield, MA 01089
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    • Contact for pricing
      Pending

      Well-Maintained Multifamily Home

      Multifamily home with spacious units and separate utilities.
      59 Day St, West Springfield, MA 01089
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    • Contact for pricing

      Fully Rented Multifamily Property

      Multifamily property with good transit and walkable location.
      3 Century Way, West Springfield, MA 01089
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    • Contact for pricing
      Pending

      Condominium Adjacent to Springfield CC

      Meticulously maintained 2BR, 2.5BA condo with nearly 2200sqft living space.
      36 Shady Brk, West Springfield, MA 01089
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Updated Two-Family Home with Yard

      Two-family home with updates, fenced yard, and income potential.
      1996 Westfield St, West Springfield, MA 01089
      View Details
    • $699,900
      Pending

      Renovated Three-Family Turnkey Property

      Newly renovated, fully vacant three-family property with modern amenities.
      20 Cottage St, West Springfield, MA 01089
      View Details
    • Contact for pricing
      Pending

      Condominium Adjacent to Springfield CC

      Meticulously maintained 2BR, 2.5BA condo with nearly 2200sqft living space.
      36 Shady Brk, West Springfield, MA 01089
      View Details
    • Contact for pricing

      Well-Maintained Multifamily Home

      Multifamily home with three-bedroom units in a sought-after neighborhood.
      59 Day St, West Springfield, MA 01089
      View Details
    • Contact for pricing
      Pending

      Well-Maintained Multifamily Home

      Multifamily home with spacious units and separate utilities.
      59 Day St, West Springfield, MA 01089
      View Details
    • Contact for pricing

      Fully Rented Multifamily Property

      Multifamily property with good transit and walkable location.
      3 Century Way, West Springfield, MA 01089
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Springfield Warehouse with Rail

      Sub-dividable warehouse with CSX rail access and high power.
      26 Sears Way, West Springfield, MA 01089
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    • $2,000 /Mo
      200 SF

      Memorial Avenue Retail Space

      Retail space on Memorial Ave, West Springfield.
      338-356 Memorial Ave, West Springfield, MA 01089
      View Details
    • Contact for pricing
      1,550 SF

      West Springfield Retail/Office Space

      Retail or office space with high visibility on Main Street.
      436 Main St, West Springfield, MA 01089
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    • $15,000 /Mo

      Prime Corner Retail Opportunity

      Retail space across from Eastern States fair grounds.
      1718 Memorial Ave, West Springfield, MA 01089
      View Details
    • $23 SF/Yr
      29,560 SF

      Renovated Office Space Available

      Move-in ready office space with natural light and modern amenities.
      200 Hillside Cir, West Springfield, MA 01089
      View Details
    • Contact for pricing
      1,128 SF

      West Springfield Retail Space Available

      Retail space for rent in West Springfield, short term lease.
      2011 Riverdale St, West Springfield, MA 01089
      View Details
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    89 Whitney Ave
    West Springfield, MA 01089
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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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