Financial
Distress signals
Property profile

940 Boston Rd Springfield, MA 01119

OFF-MARKET
Other investment properties
Property ID
US38-0255373
2,520 SF 0.09 ac lot Built 2017
Last sale Nov 1987 · $120,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This for-lease specialty-designated commercial unit is configured for tenant occupancy within a larger commercial building. The property is presented as a discrete suite space rather than an entire-building commitment, with contained, unit-based suitability for specialty operations. The suite is located at 940 Boston Rd, #1C, in Springfield, Massachusetts, and is identified by its specific suite number to support evaluation and planning for independent day-to-day use within the surrounding property.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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.

Mortgages

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 · 2017

What does the county charge?
$3k
Tax billed · 2017
Assessed value · 2023$291k
Assessed land$52k
Assessed improvement$239k
Effective rate0.90%

Value estimate

· Sep 2026
$120k
$108k – $132k
AI approach$120k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$79/SF
Submarket average, outlier-cleaned · 159 recorded sales of this use type
Observed band · Q1–Q3$42 – $143
Qualifying comparables7

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 Firm20.1
Spa & Massage13.4
Realty agency12.4

Location

940 Boston Rd Springfield, MA 01119-1316
County assessor Recorded deeds · 8 transfers 7 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

2 recorded sales · 10 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1786 Wilbraham, Springfield, MA 01119-2650 $200,000 Mar 2025 3,163 SF
762 Boston, Springfield, MA 01119-1311 $100,000 Aug 2023 4,418 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
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