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    1067 Columbus Ave Springfield, MA 01105-2544
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    Property profile & analytics

    1067 Columbus Ave Springfield, MA 01105-2544

    View on Map
    • Office buildings
    • 5,956 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US38-0908254
    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.
    Value Estimations
    $1,485,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • All States Transport Inc / Trucking Company

    Property Details for 1067 Columbus Ave

    Year built
    1978
    Lot size
    0.26 lot acres
    Property size
    5,956 SF
    Zone code
    SB2C1
    Property type
    Office buildings
    APN
    SPRI S:04303 P:0535
    APU
    SPRIS04303P0535

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,460,000
      6.5%
      $1,345,000
      7%
      $1,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,605,000
      Market price range: $234k - $1.91M
      AI Estimate
      $1,503,000
      Market price range: $256k - $1.54M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5845
    Latitude
    42.0957
    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
    $22,557
    $199,400
    $420,300
    $619,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $535,000
      4,367 SF

      169 William St

      OFFICE BUILDING • 4,367 SF
      169 William St, Springfield, MA 01105-2021
      View Details
    • Value Estimation by Request
      5,658 SF

      133 Maple St

      OFFICE BUILDING • 5,658 SF
      133 Maple St, Springfield, MA 01105-1896
      View Details
    • Value Estimation by Request
      1,161 SF

      392 Walnut St

      OFFICE BUILDING • 1,161 SF
      392 Walnut St, Springfield, MA 01105-1622
      View Details
    • Value Estimation
      $530,000
      8,251 SF

      364 Walnut St, Unit 372

      OFFICE BUILDING • 8,251 SF
      364 Walnut St, Springfield, MA 01105-1623
      View Details
    • Value Estimation
      $645,000
      8,978 SF

      136 William St

      OFFICE BUILDING • 8,978 SF
      136 William St, Springfield, MA 01105-2324
      View Details
    • Value Estimation by Request
      1,325 SF

      708 Main St

      OFFICE BUILDING • 1,325 SF
      708 Main St, Springfield, MA 01105-2427
      View Details

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      5,469 SF

      Versatile Commercial Property in Springfield

      Commercial property with high visibility and accessibility in a growing area.
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      Gated Office Campus For Sale

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      5,469 SF

      Springfield Office Building For Sale

      Office building with 5,469 square feet of space.
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      69,110 SF

      Springfield Professional/Medical Office Space

      69,110 SF professional/medical office space for sale.
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    • $4,500,000
      35,219 SF

      Prime Springfield Office Space

      First-class office space with highway access and on-site parking.
      505-585 E Columbus Ave, Springfield, MA 01105
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    Similar Nearby for Lease

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      Gated Office Campus For Rent

      15.3-acre office campus with 250,000 SF of space.
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      4,367 SF

      Commercial Building Near Interstate 91

      4,367 SF commercial building with office, storage, and warehouse space.
      169 William St, Springfield, MA 01105
      View Details
    • $14 SF/Yr
      39,972 SF

      Springfield Professional/Medical Office Space

      Professional and medical office space for lease in Springfield, MA.
      110 Maple St, Springfield, MA 01105
      View Details
    • Contact for pricing
      2,400 SF

      Versatile Office/Medical/Retail Building For Rent

      2,400 sf office/medical/retail building with high visibility.
      568 Main St, Springfield, MA 01105
      View Details
    • Contact for pricing
      816 SF

      Retail Space on Main Street

      Retail space available for lease on Main Street.
      83-97 Main St, Springfield, MA 01105
      View Details
    • Contact for pricing

      Outdoor Storage Near Interstate 291

      1.21 acres of upgraded, fenced outdoor storage for lease.
      145 Armory St, Springfield, MA 01105
      View Details

    Property Visit Statistics

    • Visits by month
      42.6k
    • Visitors by month
      18.5k
    • Avg Time on site
      9 min
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    1067 Columbus Ave
    Springfield, MA 01105-2544
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    1067 Columbus Ave, Springfield, MA, 01105
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