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Financial
Distress signals
Property profile

497 Belmont Ave Springfield, MA 01108

OFF-MARKET
Turn key restaurants
Property ID
US38-0785126
2,160 SF 0.14 ac lot Built 1968
Last sale May 2021 · $315,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This corner restaurant space was previously configured for restaurant use and is described as having operated as an upscale Italian concept, with the sale including an existing full liquor license. The interior layout includes a bar with seating for 19 and a total dining capacity of 67. The premises have been described as including a drive-through window and having previously housed a national franchise chain. The property is located in a high-traffic area and is stated to be suitable for all…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$252k
Assessed land$54k
Assessed improvement$198k
Effective rate3.64%

Value estimate

· Oct 2026
$325k
$293k – $358k
AI approach$325k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$86/SF
Submarket average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$32 – $204
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B1
JurisdictionSPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.5
Realty agency14.1
Parking Facility12.4

Location

497 Belmont Ave Springfield, MA 01108-1794
County assessor Recorded deeds · 3 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
37 Audubon, Springfield, MA 01108 $287,125 May 2025 1,996 SF
121 Oakland, Springfield, MA 01108-1737 $2,823,271 Jul 2024 4,251 SF
885-887 Sumner, Springfield, MA 01108 $310,000 Sep 2022 1,649 SF
823 Belmont, Springfield, MA 01108-2448 $200,000 Jul 2021 3,228 SF
196 Dickinson, Springfield, MA 01108-1206 $430,000 Nov 2020 3,754 SF
694-696 Sumner, Springfield, MA 01108 $400,000 Nov 2019 3,330 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $300,000
    1,996 SF
    37 Audubon St
    DEPARTMENT STORE
    37 Audubon St, Springfield, MA 01108
    View Details
  • Value Estimation
    $245,000
    1,983 SF
    600 Belmont Ave
    RETAIL STORES (PERSONAL SERVICES)
    600 Belmont Ave, Springfield, MA 01108-2400
    View Details
  • Value Estimation
    $415,000
    2,420 SF
    444 Sumner Ave
    RESTAURANT
    444 Sumner Ave, Springfield, MA 01108
    View Details
  • Value Estimation
    $95,000
    1,908 SF
    258-262 Oakland St
    RESTAURANT
    258-262 Oakland St, Springfield, MA 01108
    View Details
  • Value Estimation
    $230,000
    3,434 SF
    17 Longhill St
    RESTAURANT
    17 Longhill St, Springfield, MA 01108-1402
    View Details
  • Value Estimation
    $200,000
    3,604 SF
    749 Sumner Ave
    RESTAURANT
    749 Sumner Ave, Springfield, MA 01108-2457
    View Details

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  • Contact for pricing
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    Retail property for sale in a high-traffic Springfield location.
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  • New
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    First-floor restaurant, retail, or office space available with potential to include an existing hood and sink.
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  • New
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    Gutted commercial space offers a clean starting point for a custom retail, office, or laundromat buildout.
    687 State # A, Springfield, MA 01109
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Similar in This City for Lease

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    Retail storefront space totaling 2,030 SF on Boston Rd in Springfield, MA.
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  • Contact for pricing
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  • New
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    Retail space available in a busy Springfield shopping center.
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  • New
    $3,000/Mo
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    Gutted interior supports a custom buildout for retail, office, or laundromat use.
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  • $3,000/Mo
    2,600 sqft
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    The fully cleared interior and new roof provide a starting point for a tenant-designed commercial buildout.
    687 State # A, Springfield, MA 01109
    View Details
  • $3,000/Mo
    Commercial Space on State Street
    2600+ Sq Ft commercial space, ideal for various businesses.
    687 State A, Springfield, MA 01109
    View Details
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