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    Property profile & analytics

    16 Main St Westfield, MA 01085

    • Banks
    • 408 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US38-1815116
    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

    • Banks

    Property Details for 16 Main St

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.37 lot acres
    Property size
    408 SF
    Property type
    Banks
    APN
    WFLD M:9 L:18
    APU
    WFLDM9L18

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $300,000
      6.5%
      $335,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $300,000
      Mixed-Use
      $280,000
      Hospitality
      $330,000
      Educational
      $350,000
      Residential Income
      $320,000
      Energy
      $340,000
      Income-Based Land
      $340,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.748
    Latitude
    42.1213
    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
    $5,525
    $57,200
    $118,800
    $176,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      20,860 SF

      31 Ct St

      FINANCIAL BUILDING • 20,860 SF
      31 Ct St, Westfield, MA 01085-3502
      View Details
    • Value Estimation
      $450,000
      2,326 SF

      10 Broad St

      FINANCIAL BUILDING • 2,326 SF
      10 Broad St, Westfield, MA 01085-2902
      View Details
    • Value Estimation by Request
      5,733 SF

      85 Broad St

      FINANCIAL BUILDING • 5,733 SF
      85 Broad St, Westfield, MA 01085-2926
      View Details
    • Value Estimation
      $465,000
      2,856 SF

      560 Main St

      FINANCIAL BUILDING • 2,856 SF
      560 Main St, Westfield, MA 01085-3311
      View Details
    • Value Estimation by Request
      8,384 SF

      10 Elm St

      FINANCIAL BUILDING • 8,384 SF
      10 Elm St, Westfield, MA 01085-2904
      View Details
    • Value Estimation
      $380,000
      2,014 SF

      56 Main St

      FINANCIAL BUILDING • 2,014 SF
      56 Main St, Westfield, MA 01085
      View Details

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    Similar Nearby for Lease

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      View Details
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      1,800 SF

      Retail Space on Elm Street

      Retail space available for lease in Westfield, Massachusetts.
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    • Contact for pricing
      3,461 SF

      Retail Space in Westfield, MA

      Retail space available for lease in Westfield, Massachusetts.
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      Retail Space in Yankee Village

      Retail space for lease in Westfield's Yankee Village Plaza.
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      Retail Space in Westfield, MA

      4,400 SF retail space available for lease.
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      View Details

    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      3.2k
    • Avg Time on site
      20 min
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    16 Main St
    Westfield, MA 01085
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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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