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    Property profile & analytics

    198 Belmont Ave Springfield, MA 01108-1642

    • Office buildings
    • 3,299 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $200,000
    Location Intelligence
    Property ID
    US38-0011102
    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

    • All About You LLC / Home Health Care Service

    Property Details for 198 Belmont Ave

    Year built
    1906
    Lot size
    0.14 lot acres
    Property size
    3,299 SF
    Zone code
    O1
    Property type
    Office buildings
    APN
    SPRI S:01235 P:0040
    APU
    SPRIS01235P0040

    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
    -72.5705
    Latitude
    42.0882
    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
    $9,238
    $53,900
    $199,900
    $253,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $315,000
      2,820 SF

      645 Belmont Ave

      OFFICE BUILDING • 2,820 SF
      645 Belmont Ave, Springfield, MA 01108-2440
      View Details
    • Value Estimation
      $385,000
      9,480 SF

      184 Ml St

      OFFICE BUILDING • 9,480 SF
      184 Ml St, Springfield, MA 01108-1023
      View Details
    • Value Estimation
      $235,000
      3,736 SF

      603 Sumner Ave

      OFFICE BUILDING • 3,736 SF
      603 Sumner Ave, Springfield, MA 01108-4203
      View Details
    • Value Estimation
      $530,000
      7,340 SF

      175 Oakland St

      OFFICE BUILDING • 7,340 SF
      175 Oakland St, Springfield, MA 01108-1827
      View Details
    • Value Estimation
      $300,000
      6,250 SF

      24 Orange St

      OFFICE BUILDING • 6,250 SF
      24 Orange St, Springfield, MA 01108
      View Details
    • Value Estimation
      $240,000
      5,852 SF

      29 Oakland St

      OFFICE BUILDING • 5,852 SF
      29 Oakland St, Springfield, MA 01108-1771
      View Details

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      Springfield Mixed-Use Duplex For Sale

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      Office, Retail, or Medical Space

      2,710 SF space suitable for office, retail, or medical use.
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    Similar Nearby for Lease

    • $800 /Mo
      1,569 SF

      Medical/Professional Office Space Available

      Medical or professional office space for rent with utilities included.
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      View Details
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      Springfield Office Space For Lease

      Office space for lease with large open floor plan.
      494 Belmont Ave, Springfield, MA 01108
      View Details
    • $14 SF/Yr
      250 SF

      Office Space For Rent

      Office space available for lease in Springfield, MA.
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      View Details
    • $2,000 /Mo

      Retail/Commercial Space For Lease

      Versatile commercial space in a well-established, accessible neighborhood.
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      View Details
    • $2,000 /Mo

      Spacious Three-Bedroom Apartment

      First-floor apartment with updated kitchen and in-unit laundry.
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    • $2,000 /Mo
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      Retail Space in Springfield

      Retail space available for rent in Springfield, Massachusetts.
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      View Details
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    198 Belmont Ave
    Springfield, MA 01108-1642
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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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