Financial
Distress signals
Property profile

116-118 Hancock St Springfield, MA 01109

OFF-MARKET
Investment properties
Property ID
US38-1136390
13,980 SF 0.08 ac lot Built 1905
Last sale Nov 2012 · $1,337,825
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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

What does the county charge?
Assessed value · 2023$391k
Assessed land$100k
Assessed improvement$291k

Value estimate

· Sep 2026
$290k
$261k – $319k
AI approach$290k

Realmo valuation models over county records and 5 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 comparables5

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?
R2
JurisdictionSPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.6
Kitchen & Bath13.5
Accounting Firm11.1

Location

116-118 Hancock St Springfield, MA 01109
County assessor Recorded deeds · 6 transfers 5 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

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
685 State, Springfield, MA 01109-4118 $1,410,000 Oct 2024 20,487 SF
260-262 Hancock, Springfield, MA 01109 $300,000 May 2024 3,381 SF
691 State, Springfield, MA 01109-4136 $625,000 Apr 2024 10,375 SF
151 Boston, Springfield, MA 01109 $150,000 Dec 2022 8,580 SF
18 Berkshire, Springfield, MA 01109-1708 $210,000 Jun 2022 4,290 SF
886 State, Springfield, MA 01109-3167 $140,000 Feb 2022 22,080 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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