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    Property profile & analytics

    32 Pearl St Springfield, MA 01105

    • Land
    • 0.21 lot acres
    For Sale
    View listing
    $200,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 32 Pearl St

    Lot size
    0.21 lot acres
    Property type
    Land

    Description

    This exceptional 0.207-acre commercial land parcel, located at 32 Pearl Street in Springfield, Massachusetts, presents a unique investment opportunity. Currently configured as a paved parking lot, this property boasts convenient access to major transportation arteries, including Interstates 91 and 291. Situated in Hampden County, zip code 01105, the lot is zoned for Business A use, offering a wide range of potential development options for entrepreneurs and investors. The property's strategic location just off Chestnut Street ensures high visibility and accessibility. With its relatively flat topography and existing paved surface, this site offers significant advantages for immediate development or redevelopment. The asking price for this prime commercial land is $200,000. This represents a compelling opportunity to acquire a well-situated parcel in a thriving Massachusetts market. The property's size and zoning make it suitable for a variety of commercial ventures, providing flexibility for future development plans. Don't miss this chance to secure a valuable asset in a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5881
    Latitude
    42.1058

    Comparable in this City

    • Value Estimation by Request
      2.50 Acres

      Hall Of Fame Ave

      Land • 2.50 Acres
      0 Hall Of Fame Ave, Springfield, MA 01105
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    • Value Estimation by Request

      0.21 Acres of Commercial Land

      0.2076 acre parking lot land parcel for sale
      NS Pearl Street, Springfield, MA 01105
      View Details
    • Value Estimation by Request
      0.10 Acres

      520-524 Worthington St

      VACANT COMMERCIAL LAND • 10,221 SF
      520-524 Worthington St, Springfield, MA 01105
      View Details
    • Value Estimation by Request
      0.15 Acres

      25 Walnut St, Unit 29

      VACANT COMMERCIAL LAND • 2,840 SF
      25 Walnut St, Springfield, MA 01105-1534
      View Details
    • Value Estimation by Request
      0.12 Acres

      442 Worthington St, Unit 444

      VACANT COMMERCIAL LAND • 0.12 Acres
      442 Worthington St, Springfield, MA 01105-1708
      View Details
    • Value Estimation by Request
      0.24 Acres

      623 Main St

      VACANT COMMERCIAL LAND • 8,600 SF
      623 Main St, Springfield, MA 01105-2437
      View Details

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    32 Pearl St
    Springfield, MA 01105
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    Realmo Value Estimation

    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.

    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.

    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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