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    Property profile & analytics

    1043 Sumner Ave Springfield, MA 01118-2149

    • Investment properties
    • 5,940 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $230,000
    Location Intelligence
    Property ID
    US38-1858489
    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

    • Investment properties

    Property Details for 1043 Sumner Ave

    Year built
    1930
    Lot size
    0.11 lot acres
    Property size
    5,940 SF
    Zone code
    OS
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPRI S:11280 P:0330
    APU
    SPRIS11280P0330

    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
    -72.5389
    Latitude
    42.0896
    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
    $0.00
    $48,400
    $275,400
    $323,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $230,000
      3,114 SF

      390 Allen St, Unit 392

      OFFICE/RESIDENTIAL (MIXED USE) • 3,114 SF
      390 Allen St, Springfield, MA 01118-2010
      View Details
    • Value Estimation
      $210,000
      1,776 SF

      911 Sumner Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,776 SF
      911 Sumner Ave, Springfield, MA 01118-2114
      View Details
    • Value Estimation by Request
      40,468 SF

      1490 Allen St, Unit 1504

      OFFICE/RESIDENTIAL (MIXED USE) • 40,468 SF
      1490 Allen St, Springfield, MA 01118-1817
      View Details
    • Value Estimation
      $200,000
      1,678 SF

      111 Clearbrook Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,678 SF
      111 Clearbrook Dr, Springfield, MA 01118-1906
      View Details
    • Value Estimation
      $320,000
      4,059 SF

      1362-1366 Allen St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,059 SF
      1362-1366 Allen St, Springfield, MA 01118
      View Details
    • Value Estimation
      $240,000
      1,549 SF

      7 Grandview St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,549 SF
      7 Grandview St, Springfield, MA 01118-1108
      View Details

    Similar Nearby for Sale

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      Two-family home with rental income potential near local amenities.
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    Similar Nearby for Lease

    • $4,900 /Mo

      Corner Lot Retail/Office Property

      High-visibility retail/office space on a busy Springfield corner.
      908-914 Allen St, Springfield, MA 01118
      View Details
    • $17 SF/Yr
      16,506 SF

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    Springfield, MA 01118-2149
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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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