27 Capital DrWest Springfield, MA 01089

  • Office buildings
  • 33,600 SF
For Lease
$12.50/SF/YR View listing

Property Details for 27 Capital Dr

Year built
1977
Construction
STEEL FRAME
Lot size
2.73 AC
Property size (Sq ft)
33,600 SF
Property type
Office buildings
APN
WSPR M:00177 B:01220 L:0078A
APU
WSPRM00177B01220L0078A

Description

This single-tenant, 3,150-square-foot office space is located at 27 Capital Drive in West Springfield, MA, 01089. The property is a one-story building totaling 33,600 square feet, offering flexible space ideal for medical or professional office uses. Built in 1977, the Class B building features convenient first-floor access with ample parking, including a large lot behind the building. The space boasts excellent visibility on Capital Drive, just off Riverdale Road (Route 5), providing easy access to major transportation routes including I-90, I-91, and I-291. Zoned Business A&B, this property allows for a variety of uses. The minimum divisible space is 2,500 square feet, with a maximum contiguous space of 6,000 square feet. Currently, 3,150 square feet is vacant. Landlord participation in tenant build-out is available. This location offers a highly visible and accessible opportunity for businesses seeking a professional office environment in West Springfield's thriving west springfield,ma submarket.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,555,084
    6.5%
    $5,127,770
    7%
    $4,761,500
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,390,176
    Geo Method
    $4,390,176
  • Alternative Use

    Use
    Valuation
    Residential
    $6,358,434
    Hospitality
    $5,824,292
    Educational
    $4,845,742
    Medical
    $5,012,394
    Retail
    $7,537,821

Location Insight

City
West Springfield
County
Hampden
State
Massachusetts
Latitude
42.1389
Longitude
-72.6227
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
$84,289
$481,600
$2,346,900
$2,828,500
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