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    Property profile & analytics

    197 Main St Monson, MA 01057-1393

    • Office buildings
    • 3,406 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimation
    $115,000
    Last Sale
    Jul 13, 2020
    $125,000
    Location Intelligence
    Property ID
    US38-0256336
    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

    • Tribe Dance Center / Dance School

    Property Details for 197 Main St

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    0.66 lot acres
    Property size
    3,406 SF
    Zone code
    CC
    Property type
    Office buildings
    APN
    MONS M:115 B:152
    APU
    MONSM115B152

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $120,000

    • CAP approach

      CAP return
      Estimation
      6%
      $95,000
      6.5%
      $95,000
      7%
      $90,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $100,000
      Geo Method
      $105,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $85,000
      Retail
      $120,000
      Mixed-Use
      $90,000
      Hospitality
      $120,000
      Educational
      $90,000
      Residential Income
      $85,000
      Energy
      $85,000
      Income-Based Land
      $110,000
      Food Service
      $85,000

    Location Insight

    • Map
    • Local Demand
    City
    Monson
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.3134
    Latitude
    42.0967
    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
    $5,107
    $57,000
    $272,500
    $329,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $70,000
      4,808 SF

      297 Main St

      OFFICE BUILDING • 4,808 SF
      297 Main St, Monson, MA 01057-1306
      View Details
    • Value Estimation
      $235,000
      3,360 SF

      128 Main St

      OFFICE BUILDING • 3,360 SF
      128 Main St, Monson, MA 01057-1317
      View Details
    • Value Estimation
      $200,000
      2,632 SF

      129 Palmer Rd

      OFFICE BUILDING • 2,632 SF
      129 Palmer Rd, Monson, MA 01057-9576
      View Details
    • Value Estimation
      $220,000
      2,388 SF

      17 Palmer Rd

      OFFICE BUILDING • 2,388 SF
      17 Palmer Rd, Monson, MA 01057-9510
      View Details
    • Value Estimation
      $80,000
      3,041 SF

      201 Main St

      OFFICE BUILDING • 3,041 SF
      201 Main St, Monson, MA 01057-1308
      View Details
    • Value Estimation
      $210,000
      2,852 SF

      59 Main St

      OFFICE BUILDING • 2,852 SF
      59 Main St, Monson, MA 01057-1322
      View Details

    Similar Nearby for Sale

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      View Details
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      Monson Two-Family Home For Sale

      Well-maintained two-family home with investment potential in Monson, MA.
      6 Bridge St, Monson, MA 01057
      View Details
    • $59,900

      6.3 Acre Lot For Sale

      6.3 acre lot off Route 20, Monson, MA.
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    • $650,000

      Monson Commercial Building For Sale

      8,500 sq. ft. building on 1.14 acres in Monson.
      45 Bethany Rd, Monson, MA 01057
      View Details
    • $90,000

      20 Acres on Route 32

      20 acres of land zoned commercial and residential rural.
      Palmer Rd, Monson, MA 01057
      View Details
    • $325,000

      Monson Two-Family Home For Sale

      Charming two-family home in Monson, ideal for owners or investors.
      26 Brimfield Rd, Monson, MA 01057
      View Details
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    197 Main St
    Monson, MA 01057-1393
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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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