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    Property profile & analytics

    120 Is Pond Rd, Unit 126 Springfield, MA 01118-1029

    • Commercial real estate
    • 40,251 SF
    • 6.83 lot acres
    OFF-MARKET
    Value Estimation
    $1,760,000
    Last Sale
    Dec 19, 2024
    $1,750,000
    Location Intelligence
    Property ID
    US38-1694793
    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

    • Island Pond Road Shopping Center / Shopping Mall

    Property Details for 120 Is Pond Rd

    Year built
    1958
    Lot size
    6.83 lot acres
    Property size
    40,251 SF
    Zone code
    SR2B1
    Property type
    Commercial real estate
    APN
    SPRI S:06990 P:0042
    APU
    SPRIS06990P0042

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,750,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,930,000
      6.5%
      $1,865,000
      7%
      $1,825,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,950,000
      Geo Method
      $1,970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,475,000
      Retail
      $1,975,000
      Mixed-Use
      $1,665,000
      Hospitality
      $1,645,000
      Educational
      $1,515,000
      Residential Income
      $1,870,000
      Energy
      $1,535,000
      Income-Based Land
      $1,655,000
      Food Service
      $1,480,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5524
    Latitude
    42.097
    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
    2020
    $116,650
    $1,512,900
    $1,479,100
    $2,992,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,582 SF

      47 Warehouse St

      SHOW ROOM, WAREHOUSE • 4,582 SF
      47 Warehouse St, Springfield, MA 01118-1059
      View Details
    • Value Estimation
      $310,000
      7,435 SF

      37 Warehouse St

      SHOW ROOM, WAREHOUSE • 7,435 SF
      37 Warehouse St, Springfield, MA 01118-1059
      View Details
    • Value Estimation
      $360,000
      8,600 SF

      5 Warehouse St

      SHOW ROOM, WAREHOUSE • 8,600 SF
      5 Warehouse St, Springfield, MA 01118
      View Details
    • Value Estimation by Request
      3.45 Acres

      ss Allen St

      Commercial real estate • 3.45 Acres
      ss Allen St, Springfield, MA 01118
      View Details
    • Value Estimation by Request
      3.45 Acres

      1470 Allen St

      Land • 3.45 Acres
      1470 Allen St, Springfield, MA 01118
      View Details
    • Value Estimation by Request
      2,832 SF

      1800 Allen St

      COMMERCIAL (GENERAL) • 2,832 SF
      1800 Allen St, Springfield, MA 01118-1819
      View Details

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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.
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    • $17 SF/Yr
      16,506 SF

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      Retail suites and pad site available in revitalized shopping destination.
      120-126 Island Pond Rd, Springfield, MA 01118
      View Details

    Property Visit Statistics

    • Visits by month
      4.7k
    • Visitors by month
      3.7k
    • Avg Time on site
      22 min
    Request Owner's contact information
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    120 Is Pond Rd, Unit 126
    Springfield, MA 01118-1029
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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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