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    Property profile & analytics

    1381 Westfield St West Springfield, MA 01089-3817

    • Office buildings
    • 1,500 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US38-0714257
    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

    • T P Daley Insurance Inc / Auto Insurance Agency

    Property Details for 1381 Westfield St

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.35 lot acres
    Property size
    1,500 SF
    Property type
    Office buildings
    APN
    WSPR M:00394 B:10450 L:00073
    APU
    WSPRM00394B10450L00073

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $395,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $480,000
      Retail
      $385,000
      Mixed-Use
      $350,000
      Hospitality
      $430,000
      Educational
      $460,000
      Residential Income
      $395,000
      Energy
      $435,000
      Income-Based Land
      $345,000
      Food Service
      $370,000

    Location Insight

    • Map
    • Local Demand
    City
    West Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6465
    Latitude
    42.1066
    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
    $8,815
    $139,600
    $156,200
    $295,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,000 SF

      69 Capital Dr

      OFFICE BUILDING • 9,000 SF
      69 Capital Dr, West Springfield, MA 01089-1344
      View Details
    • Value Estimation by Request
      16,200 SF

      1 Interstate Dr

      OFFICE BUILDING • 16,200 SF
      1 Interstate Dr, West Springfield, MA 01089-4531
      View Details
    • Value Estimation by Request
      12,512 SF

      1275 Elm St

      OFFICE BUILDING • 12,512 SF
      1275 Elm St, West Springfield, MA 01089-1820
      View Details
    • Value Estimation by Request
      22,800 SF

      59 Interstate Dr

      OFFICE BUILDING • 22,800 SF
      59 Interstate Dr, West Springfield, MA 01089-5100
      View Details
    • Value Estimation
      $830,000
      12,600 SF

      63 Myron St

      OFFICE BUILDING • 12,600 SF
      63 Myron St, West Springfield, MA 01089-1582
      View Details
    • Value Estimation
      $255,000
      2,646 SF

      389 Park St

      OFFICE BUILDING • 2,646 SF
      389 Park St, West Springfield, MA 01089-3348
      View Details

    Similar Nearby for Sale

    • $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
    • $2,100,000

      West Springfield Office Investment Opportunity

      Prime commercial real estate package with leaseback in downtown.
      217-241 Park Ave, West Springfield, MA 01089
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    • $899,900

      Classic Brick Office Building

      Well-maintained office building with excellent rental history and convenient location.
      1233 Westfield St, West Springfield, MA 01089
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    • $3,000,000
      17,424 SF

      West Springfield Executive Office Building

      17,424 SF office building with 105 parking spaces.
      150 Capital Dr, West Springfield, MA 01089
      View Details
    • $2,450,000
      23,554 SF

      West Springfield Mixed-Use Complex

      Prime location, KeyBank leaseback, high potential.
      225 Park Ave, West Springfield, MA 01089
      View Details
    • $319,900

      West Springfield Commercial Investment Opportunity

      Well-maintained commercial property with three established units and parking.
      62 Westfield St, West Springfield, MA 01089
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      5,884 SF

      Freestanding Office Building For Rent

      Single tenant office/retail building with high visibility available for lease.
      229 Park St, W Springfield, MA 01089
      View Details
    • $9 SF/Yr

      Freestanding Office Building For Rent

      Freestanding office building with high visibility in West Springfield.
      229 Park Ave, West Springfield, MA 01089
      View Details
    • $15 SF/Yr
      650 SF

      West Springfield Retail/Office Space

      Retail or office space with high visibility on Main Street.
      436 Main St, West Springfield, MA 01089
      View Details
    • $6,800 /Mo
      2,600 SF

      West Springfield Office Space Available

      2600 sq ft office space for rent.
      117 Park Ave, West Springfield, MA 01089
      View Details
    • $2,500 /Mo

      Versatile Commercial Space on Memorial

      1,000 sq ft West Springfield space for lease.
      745 Memorial Ave, West Springfield, MA 01089
      View Details
    • $18 SF/Yr

      Park Avenue Office Space Available

      Fourth floor office space for lease in prominent building.
      225 Park Ave, West Springfield, MA 01089
      View Details
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    1381 Westfield St
    West Springfield, MA 01089-3817
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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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