Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    155 Maple St Ste, Unit 302 Springfield, MA 01105-1828

    • Office Properties & Spaces
    • 1,115 SF
    OFF-MARKET
    Last Sale
    Mar 02, 2023
    $457,602
    Value Estimations
    $385,000
    Show details
    Cap Rate Potential
    4.2%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US38-0274155
    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

    • Office Properties & Spaces

    Property Details for 155 Maple St Ste

    Year built
    1990
    Property size
    1,115 SF
    Zone code
    C1
    Property type
    Office Properties & Spaces
    APN
    SPRI S:08218 P:0238
    APU
    SPRIS08218P0238

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $390,000
      ML approach
      $380,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $275,000
      6.5%
      $250,000
      7%
      $235,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.579
    Latitude
    42.1005
    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
    $2,410
    $0.00
    $66,200
    $66,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $390,000
      517 SF

      155 Maple St Ste, Unit 207

      CONDOMINIUM OFFICES • 517 SF
      155 Maple St Ste, Springfield, MA 01105-1828
      View Details
    • Value Estimation
      $230,000
      582 SF

      155 Maple St Ste, Unit 205

      CONDOMINIUM OFFICES • 582 SF
      155 Maple St Ste, Springfield, MA 01105-1828
      View Details
    • Value Estimation by Request
      29,500 SF

      191 Chestnut St

      Office Properties & Spaces • 29,500 SF
      191 Chestnut St, Springfield, MA 01105
      View Details
    • Value Estimation
      $385,000
      1,216 SF

      155 Maple St Ste, Unit 304

      CONDOMINIUM OFFICES • 1,216 SF
      155 Maple St Ste, Springfield, MA 01105-1828
      View Details
    • Value Estimation
      $385,000
      1,147 SF

      155 Maple St Ste, Unit 406

      CONDOMINIUM OFFICES • 1,147 SF
      155 Maple St Ste, Springfield, MA 01105-1828
      View Details
    • Value Estimation
      $390,000
      876 SF

      155 Maple St Ste, Unit 408

      CONDOMINIUM OFFICES • 876 SF
      155 Maple St Ste, Springfield, MA 01105-1828
      View Details

    Similar Nearby for Sale

    • $650,000
      5,469 SF

      Springfield Office Building - $650K

      Historic Springfield Office, High Visibility, Investment Potential
      939 Columbus Ave, Springfield, MA 01105
      View Details
    • Contact for pricing
      81,112 SF

      Maple Street Office/Medical Space

      81,112 SF office/medical space near Springfield Business District.
      110-120 Maple St, Springfield, MA 01105
      View Details
    • Contact for pricing
      69,110 SF

      Springfield Professional/Medical Office Space

      69,110 SF professional/medical office space for sale.
      128-148 Maple St, Springfield, MA 01105
      View Details
    • $499,000
      5,469 SF

      Springfield Office Building For Sale

      Office building with 5,469 square feet of space.
      939 E Columbus Ave, Springfield, MA 01105
      View Details
    • $102,000
      1,067 SF

      Well-Maintained Office Condominium For Sale

      Office condominium with private offices, conference room, and ample parking.
      155 Maple St, Springfield, MA 01105
      View Details
    • $589,900

      Iconic Springfield Landmark For Sale

      Historic Springfield landmark with endless possibilities in thriving South End.
      56 Margaret St, Springfield, MA 01105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      250,000 SF

      Executive Suites, Springfield, MA

      Prestigious Office Space Available
      1 Federal St, Springfield, MA 01105
      View Details
    • $18 SF/Yr
      2,400 SF

      Versatile Office/Medical/Retail Building For Rent

      2,400 sf office/medical/retail building with high visibility.
      568 Main St, Springfield, MA 01105
      View Details
    • $4,500,000
      8,035 SF

      Prime Springfield Office Space

      First-class office space with highway access and on-site parking.
      505-585 E Columbus Ave, Springfield, MA 01105
      View Details
    • $14 SF/Yr
      39,972 SF

      Springfield Professional/Medical Office Space

      Professional and medical office space for lease in Springfield, MA.
      110 Maple St, Springfield, MA 01105
      View Details
    • $3,750 /Mo
      4,367 SF

      Commercial Building Near Interstate 91

      4,367 SF commercial building with office, storage, and warehouse space.
      169 William St, Springfield, MA 01105
      View Details
    • $500 /Mo

      Downtown Springfield Office Space

      Move-in ready office space in vibrant downtown Springfield.
      125 Main St, Springfield, MA 01105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    155 Maple St Ste, Unit 302
    Springfield, MA 01105-1828
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.