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    Property profile & analytics

    1537 Riverdale St West Springfield, MA 01089-4624

    • Turn key restaurants
    • 6,117 SF
    • 1.66 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0467990
    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

    • Outback Steakhouse / Bar & Grill / Gluten-Free Restaurant

    Property Details for 1537 Riverdale St

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    1.66 lot acres
    Property size
    6,117 SF
    Property type
    Turn key restaurants
    APN
    WSPR M:00226 B:10300 L:00081
    APU
    WSPRM00226B10300L00081

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6283
    Latitude
    42.1454
    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
    $42,653
    $310,400
    $1,120,900
    $1,431,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,850 SF

      429 Memorial Ave

      RESTAURANT • 4,850 SF
      429 Memorial Ave, West Springfield, MA 01089-4009
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    • Value Estimation
      $360,000
      1,032 SF

      280 Memorial Ave

      RESTAURANT • 1,032 SF
      280 Memorial Ave, West Springfield, MA 01089-4008
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    • Value Estimation
      $445,000
      3,120 SF

      1261 Westfield St

      RESTAURANT • 3,120 SF
      1261 Westfield St, West Springfield, MA 01089-3816
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    • Value Estimation
      $85,000
      3,600 SF

      185 Elm St

      RESTAURANT • 3,600 SF
      185 Elm St, West Springfield, MA 01089-2726
      View Details
    • Value Estimation
      $910,000
      5,320 SF

      1094 Riverdale St

      RESTAURANT • 5,320 SF
      1094 Riverdale St, West Springfield, MA 01089-4607
      View Details
    • Value Estimation by Request
      5,032 SF

      640 Riverdale St

      RESTAURANT • 5,032 SF
      640 Riverdale St, West Springfield, MA 01089-4610
      View Details

    Similar Nearby for Sale

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      100% leased investment property in West Springfield.
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    • $335,000
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      Retail or Office Building For Sale

      Flexible building on a large lot, suitable for various uses.
      148 River St, West Springfield, MA 01089
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    • $3,000,000
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      17,424 SF office building with 105 parking spaces.
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    Similar Nearby for Lease

    • $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
    • $15,000 /Mo

      Prime Corner Retail Opportunity

      Retail space across from Eastern States fair grounds.
      1718 Memorial Ave, West Springfield, MA 01089
      View Details
    • $2,000 /Mo
      200 SF

      Memorial Avenue Retail Space

      Retail space on Memorial Ave, West Springfield.
      338-356 Memorial 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
    • $2,000 /Mo

      Memorial Ave Storefront For Lease

      2,000 sq ft retail space on Memorial Ave.
      358 Memorial Ave, West Springfield, MA 01089
      View Details
    • $25 SF/Yr
      2,807 SF

      Prime Retail Space on Riverdale

      2,807 SF retail space on West Springfield's 'Golden Mile'.
      1107 Riverdale St, West Springfield, MA 01089
      View Details

    Property Visit Statistics

    • Visits by month
      13.6k
    • Visitors by month
      12.1k
    • Avg Time on site
      65 min
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    1537 Riverdale St
    West Springfield, MA 01089-4624
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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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