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Financial
Distress signals
Property profile

1506 Riverdale St West Springfield, MA 01089

OFF-MARKET
Turn key restaurants
Property ID
US38-0668381
9,874 SF 1.29 ac lot Built 1829
Last sale Sep 2020 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 1.29-acre commercial land parcel presents a remarkable opportunity for retail development in Hampden County. Its prime location offers unparalleled visibility and accessibility, situated near established big-box retailers, ensuring high foot traffic and strong brand recognition. The property is zoned for commercial use and is ideally suited for a variety of retail ventures, from restaurants and shops to service businesses. The single-tenant configuration allows for complete…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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 · 2024

What does the county charge?
$36k
Tax billed · 2024
Assessed value$1.22M
Assessed land$293k
Assessed improvement$924k
Effective rate2.98%

Value estimate

· Oct 2026
$585k
$527k – $644k
AI approach$605k
Submarket $/SF estimate$788k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$134/SF
County average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$44 – $249

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

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWEST SPRINGFIELD

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 agency25.1
Law Firm17.1
Hair Salon13.5

Location

1506 Riverdale St West Springfield, MA 01089-4640
County assessor Recorded deeds · 14 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
54 Myron, West Springfield, MA 01089-1416 $2,200,000 May 2025 7,800 SF
99 Westfield, West Springfield, MA 01089-2550 $3,630,000 May 2025 13,270 SF
92 Memorial, West Springfield, MA 01089-4002 $1,190,859 Feb 2023 11,269 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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