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    Property profile & analytics

    1420 Allen St Springfield, MA 01118-1806

    • Turn key restaurants
    • 2,339 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimation
    $595,000
    Location Intelligence
    Property ID
    US38-2192710
    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

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 1420 Allen St

    Year built
    1978
    Lot size
    0.74 lot acres
    Property size
    2,339 SF
    Zone code
    B1
    Property type
    Turn key restaurants
    APN
    SPRI S:00280 P:0424
    APU
    SPRIS00280P0424

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5124
    Latitude
    42.0947
    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
    $24,264
    $321,200
    $345,400
    $666,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      4,101 SF

      1193-1195 Sumner Ave

      RESTAURANT • 4,101 SF
      1193-1195 Sumner Ave, Springfield, MA 01118
      View Details
    • Value Estimation
      $665,000
      3,190 SF

      905-909 Sumner Ave

      RESTAURANT • 3,190 SF
      905-909 Sumner Ave, Springfield, MA 01118
      View Details
    • Value Estimation by Request
      4,409 SF

      1398-1402 Allen St

      RESTAURANT • 4,409 SF
      1398-1402 Allen St, Springfield, MA 01118
      View Details
    • Value Estimation
      $285,000
      4,440 SF

      1370-1374 Allen St

      RESTAURANT • 4,440 SF
      1370-1374 Allen St, Springfield, MA 01118
      View Details
    • Value Estimation
      $315,000
      1,565 SF

      35 Is Pond Rd

      RESTAURANT • 1,565 SF
      35 Is Pond Rd, Springfield, MA 01118-1028
      View Details
    • Value Estimation by Request
      4,050 SF

      1886 Allen St

      Restaurants • 4,050 SF
      1886 Allen St, Springfield, MA 01118
      View Details

    Similar Nearby for Sale

    • $975,000
      3,507 SF

      Corner Lot Retail/Office Property

      Retail/office property on a busy corner with high visibility.
      908 Allen St, Springfield, MA 01118
      View Details
    • $999,000

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      3+ acres with high traffic and right-of-way to signal.
      1470 Allen St, Springfield, MA 01118
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      Updated three-bedroom condo with included utilities and modern amenities.
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      Updated Co-op Townhouse in Springfield

      Move-in ready 3-bedroom co-op with modern updates and amenities.
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    Similar Nearby for Lease

    • $17 SF/Yr
      16,506 SF

      Retail Plaza in East Forest

      Retail suites and pad site available in revitalized shopping destination.
      120-126 Island Pond Rd, Springfield, MA 01118
      View Details
    • $4,900 /Mo

      Corner Lot Retail/Office Property

      High-visibility retail/office space on a busy Springfield corner.
      908-914 Allen St, Springfield, MA 01118
      View Details

    Property Visit Statistics

    • Visits by month
      20.4k
    • Visitors by month
      15.7k
    • Avg Time on site
      9 min
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    1420 Allen St
    Springfield, MA 01118-1806
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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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