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    Property profile & analytics

    158 Chestnut St, Unit 1B Springfield, MA 01103-1502

    • Commercial real estate
    • 1,514 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 20, 2024
    $28,000
    Location Intelligence
    Property ID
    US38-1302158
    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

    • Reyes Barbershop / Barber Shop
    • All About Beauty / Beauty Salon

    Property Details for 158 Chestnut St

    Year built
    1990
    Property size
    1,514 SF
    Zone code
    B3
    Property type
    Commercial real estate
    APN
    SPRI S:02750 P:1010
    APU
    SPRIS02750P1010

    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
    -72.59
    Latitude
    42.1059
    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
    $2,049
    $0.00
    $56,300
    $56,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $600,000
      7,526 SF

      1070 Main St, Unit 1076

      COMMERCIAL (GENERAL) • 7,526 SF
      1070 Main St, Springfield, MA 01103-2137
      View Details
    • Value Estimation
      $85,000
      8,536 SF

      140 Chestnut St, Unit C9

      COMMERCIAL (GENERAL) • 8,536 SF
      140 Chestnut St, Springfield, MA 01103-1549
      View Details
    • Value Estimation
      $205,000
      864 SF

      1795 Main St Ste, Unit 106

      COMMERCIAL CONDOMINUIM • 864 SF
      1795 Main St Ste, Springfield, MA 01103-1078
      View Details
    • Value Estimation
      $185,000
      670 SF

      1795 Main St Ste, Unit 115

      COMMERCIAL CONDOMINUIM • 670 SF
      1795 Main St Ste, Springfield, MA 01103-1078
      View Details
    • Value Estimation
      $495,000
      51,765 SF

      162 Lyman St, Unit 168

      SHOW ROOM, WAREHOUSE • 51,765 SF
      162 Lyman St, Springfield, MA 01103-1304
      View Details
    • Value Estimation
      $220,000
      1,101 SF

      1795 Main St Ste, Unit 101

      COMMERCIAL CONDOMINUIM • 1,101 SF
      1795 Main St Ste, Springfield, MA 01103-1078
      View Details

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    • Contact for pricing
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    158 Chestnut St, Unit 1B
    Springfield, MA 01103-1502
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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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