Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11 Preston St Springfield, MA 01109-1721
    Back to Search
    Property profile & analytics

    11 Preston St, Springfield, MA 01109-1721

    View on Map
    • Investment properties
    • 1,199 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US38-0020199
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Metrocom Group / Bank / Credit Union
    • JDL Financial / Bank / Credit Union
    • Powell Construction Inc / Construction Company

    Property Details for 11 Preston St

    Year built
    1949
    Lot size
    0.11 lot acres
    Zone code
    R1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPRI S:09910 P:0024
    APU
    SPRIS09910P0024

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 8, 1993 — Thomas L Morrow — Deed Of Trust · related $10k · Springfield City (oh)
    Sep 28, 1987 $70,000 Tommie L Morrow Lycette,elberta C Grant Deed $60k · First Mtg & Fncl Svc

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5354
    Latitude
    42.1257
    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
    $29,500
    $116,800
    $146,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7,226 SF

      411 Saint James Ave, Unit 419

      OFFICE/RESIDENTIAL (MIXED USE)
      411 Saint James Ave, Springfield, MA 01109-3829
      View Details
    • Value Estimation by Request
      8,580 SF

      151 Boston Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      151 Boston Rd, Springfield, MA 01109
      View Details
    • Value Estimation by Request
      3,185 SF

      1104-1106 State St

      OFFICE/RESIDENTIAL (MIXED USE)
      1104-1106 State St, Springfield, MA 01109
      View Details
    • Value Estimation by Request
      6,664 SF

      340 Bay St, Unit 346

      OFFICE/RESIDENTIAL (MIXED USE)
      340 Bay St, Springfield, MA 01109-3523
      View Details
    • Value Estimation
      $780,000
      19,025 SF

      92-96 Wilbraham Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      92-96 Wilbraham Rd, Springfield, MA 01109
      View Details
    • Value Estimation by Request
      1,730 SF

      86 Princeton St

      OFFICE/RESIDENTIAL (MIXED USE)
      86 Princeton St, Springfield, MA 01109-3427
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Spacious Updated Springfield Two-Family Home

      Updated two-family home in Springfield with flexible living arrangements.
      46-48 Suffolk St, Springfield, MA 01109
      View Details
    • Contact for pricing
      2,902 SF

      Well-Maintained Duplex Ideal for Investors

      8-bedroom duplex with new roof, updated interiors, and strong rental.
      115-117 Northampton Ave, Springfield, MA 01109
      View Details
    • Contact for pricing
      2,902 SF

      Spacious Duplex with Architectural Details

      Well-maintained 8-bedroom duplex with new roof and separate utilities.
      115-117 Northampton Ave, Springfield, MA 01109
      View Details
    • Contact for pricing

      Springfield Two-Family Home with Updates

      Updated two-family home in Springfield, ready for immediate enjoyment.
      540-542 Union St, Springfield, MA 01109
      View Details
    • Contact for pricing
      2,902 SF

      Well-Maintained Duplex Ideal for Investors

      8-bedroom, 2-bathroom duplex with separate utilities and off-street parking.
      115-117 Northampton Ave, Springfield, MA 01109
      View Details
    • Contact for pricing

      Income-Generating Multifamily Property

      Well-maintained two-unit property with income potential in convenient location.
      485 Bay St, Springfield, MA 01109
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail, Office, and Warehouse Space

      Retail space with office and warehouse for lease.
      883 Alden St, Springfield, MA 01109
      View Details
    • Contact for pricing
      5,500 SF

      Adaptable Industrial Flex Space

      5,500 SF flex space, minutes from I-291.
      480 St. James Ave, Springfield, MA 01109
      View Details
    • Contact for pricing

      Retail With Warehouse Space

      Retail space with office and warehouse for rent.
      883 Alden St, Springfield, MA 01109
      View Details
    • Contact for pricing
      1,400 SF

      Retail with Warehouse Space

      Retail space with office and warehouse in Springfield, MA.
      889 Alden St, Springfield, MA 01109
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available for rent, 1,080 SqFt.
      483 Breckwood Blvd, Springfield, MA 01109
      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 01109
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      1.7k
    • Avg Time on site
      28 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11 Preston St
    Springfield, MA 01109-1721
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11 Preston St, Springfield, MA, 01109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!