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    Property profile & analytics

    131 Wayside Ave West Springfield, MA 01089-1317

    • Industrial properties
    • 4,000 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US38-1840726
    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

    • Pension & Benefits Associates Inc / Insurance Agency
    • Qualified Plans, LLC / Business To Business Service

    Property Details for 131 Wayside Ave

    Year built
    1963
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property size
    4,000 SF
    Property type
    Industrial properties
    APN
    WSPR M:00514 B:03200 L:00081
    APU
    WSPRM00514B03200L00081

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $370,000
      6.5%
      $360,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $370,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $425,000
      Retail
      $390,000
      Mixed-Use
      $400,000
      Hospitality
      $320,000
      Educational
      $410,000
      Residential Income
      $335,000
      Energy
      $350,000
      Income-Based Land
      $335,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    West Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6235
    Latitude
    42.1435
    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
    2024
    $10,353
    $111,200
    $236,200
    $347,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $235,000
      7,910 SF

      235 Western Ave

      CONDOMINIUMS (INDUSTRIAL) • 7,910 SF
      235 Western Ave, West Springfield, MA 01089-3455
      View Details
    • Value Estimation
      $315,000
      3,024 SF

      686 Un St

      INDUSTRIAL (GENERAL) • 3,024 SF
      686 Un St, West Springfield, MA 01089
      View Details
    • Value Estimation by Request
      18,125 SF

      136 Wayside Ave

      INDUSTRIAL (GENERAL) • 18,125 SF
      136 Wayside Ave, West Springfield, MA 01089-1318
      View Details
    • Value Estimation
      $255,000
      2.91 Acres

      Baldwin St

      LUMBERYARD, BUILDING MATERIALS • 2.91 Acres
      Baldwin St, West Springfield, MA 01089
      View Details
    • Value Estimation
      $220,000
      6,675 SF

      230 Day St

      CONDOMINIUMS (INDUSTRIAL) • 6,675 SF
      230 Day St, West Springfield, MA 01089-3453
      View Details
    • Value Estimation by Request
      15,744 SF

      136-150 Doty Cir

      Flex space • 15,744 SF
      136-150 Doty Cir, West Springfield, MA 01089
      View Details

    Similar Nearby for Sale

    • $975,000

      West Springfield Industrial Property

      Industrial property for sale in West Springfield, Massachusetts.
      190-194 New Bridge St, West Springfield, MA 01089
      View Details
    • $900,000
      7,572 SF

      West Springfield Flex/Industrial Building

      7,572 SF flex/industrial building with convenient highway access.
      115 Wayside Ave, West Springfield, MA 01089
      View Details
    • Contact for pricing
      5,374 SF

      West Springfield Industrial Building For Sale

      5,374 SF light industrial building with flexible layout.
      97-101 Circuit Ave, West Springfield, MA 01089
      View Details
    • $975,000

      West Springfield Specialty Property

      Specialty property available for sale in West Springfield.
      178 New Bridge St, West Springfield, MA 01089
      View Details
    • $850,000

      Commercial Building with Seasonal Income

      9,576 sq. ft. commercial building with steady and seasonal income.
      52 Baldwin St, West Springfield, MA 01089
      View Details
    • $850,000
      8,217 SF

      West Springfield Office Building For Sale

      Office building with on-site parking and highway access.
      71 Park Ave, West Springfield, MA 01089
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      77,828 SF

      West Springfield Industrial Space

      77,828 SF Manufacturing Building, 23,800 SF Available
      60 Allston Ave, West Springfield, MA 01089
      View Details
    • $12 SF/Yr
      15,744 SF

      West Springfield Flex Space Available

      Versatile flex space, ideal for multiple tenants.
      136-150 Doty Cir, West Springfield, MA 01089
      View Details
    • $1,850 /Mo

      West Springfield Warehouse/Storage Space

      1990 sqft warehouse space suitable for various business ventures.
      326 Park St, West Springfield, MA 01089
      View Details
    • $13 SF/Yr
      4,451 SF

      West Springfield Warehouse Space Available

      4,451 SF warehouse space for rent in West Springfield.
      19 Norman St, West Springfield, MA 01089
      View Details
    • $2,100 /Mo

      Warehouse Office Combination For Rent

      Warehouse with office space and one overhead door, convenient location.
      163 Doty Cir, West Springfield, MA 01089
      View Details
    • $16 SF/Yr
      1,700 SF

      West Springfield Warehouse with Office

      Flex space near major routes, featuring an overhead door.
      161 Doty Cir, West Springfield, MA 01089
      View Details
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    131 Wayside Ave
    West Springfield, MA 01089-1317
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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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