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    41-43 Taylor St Springfield, MA 01103

    • Office buildings
    • 20,580 SF
    • 0.11 lot acres
    For Lease
    View listing
    Value Estimation
    $635,000
    Location Intelligence
    Property ID
    US38-0390732
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 41-43 Taylor St

    Year built
    1900
    Lot size
    0.11 lot acres
    Property size
    20,580 SF
    Zone code
    B3
    Property type
    Office buildings
    APN
    SPRI S:11430 P:0205
    APU
    SPRIS11430P0205

    Description

    The Stacy Building, a beautifully renovated historic property (1893, renovated 2015) in Springfield, MA, offers flexible office space ideal for executive or medical practices. This four-story building, located at 41-43 Taylor St (zip code 01103), boasts 19,675 total square feet, with multiple tenancy options available. Currently, there are two spaces available: approximately 832 square feet on the second floor and approximately 2,500 contiguous square feet on the third floor. The third-floor space features exposed brick walls and abundant natural light from large windows. The building includes a recently updated elevator and ADA-compliant common bathrooms. Conveniently situated between the Taylor Street Parking Garage and the renovated Duryea Way, this Hampden County location offers easy access and ample parking. Minimum divisible space is 832 square feet, with a maximum contiguous space of 2,500 square feet

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $595,000

    • CAP approach

      CAP return
      Estimation
      6%
      $840,000
      6.5%
      $750,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $825,000
      Geo Method
      $810,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $670,000
      Retail
      $740,000
      Mixed-Use
      $915,000
      Hospitality
      $690,000
      Educational
      $775,000
      Residential Income
      $735,000
      Energy
      $780,000
      Income-Based Land
      $720,000
      Food Service
      $835,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5924
    Latitude
    42.1049
    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
    2023
    $22,324
    $84,000
    $529,300
    $613,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,180,000
      24,016 SF

      133 State St, Unit 141

      OFFICE BUILDING • 24,016 SF
      133 State St, Springfield, MA 01103-2260
      View Details
    • Value Estimation
      $3,110,000
      50,112 SF

      95 Liberty St

      OFFICE BUILDING • 50,112 SF
      95 Liberty St, Springfield, MA 01103-1046
      View Details
    • Value Estimation
      $715,000
      47,440 SF

      1610 Main St, Unit 1626

      OFFICE BUILDING • 47,440 SF
      1610 Main St, Springfield, MA 01103-1379
      View Details
    • Value Estimation
      $240,000
      37,788 SF

      1645 Main St, Unit 1663

      OFFICE BUILDING • 37,788 SF
      1645 Main St, Springfield, MA 01103-1213
      View Details
    • Value Estimation
      $345,000
      10,656 SF

      266 Brg St

      OFFICE BUILDING • 10,656 SF
      266 Brg St, Springfield, MA 01103-1410
      View Details
    • Value Estimation
      $240,000
      9,144 SF

      270-272 Brg St

      OFFICE BUILDING • 9,144 SF
      270-272 Brg St, Springfield, MA 01103
      View Details

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    Springfield, MA 01103
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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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