Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    204 Lyman St Springfield, MA 01103

    • Industrial properties
    • 9,035 SF
    • 0.88 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1865053
    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

    • Cara Distribution / Distribution Center / Logistics Company

    Property Details for 204 Lyman St

    Year built
    1956
    Lot size
    0.88 lot acres
    Property size
    9,035 SF
    Zone code
    I2
    Property type
    Industrial properties
    APN
    SPRI S:08030 P:0045
    APU
    SPRIS08030P0045

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.589
    Latitude
    42.1092
    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
    2020
    $6,755
    $127,700
    $135,800
    $263,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,425,000
      84,744 SF

      295 Worthington St

      INDUSTRIAL (GENERAL) • 84,744 SF
      295 Worthington St, Springfield, MA 01103-1221
      View Details
    • Value Estimation
      $3,110,000
      124,284 SF

      1860 Main St

      INDUSTRIAL (GENERAL) • 124,284 SF
      1860 Main St, Springfield, MA 01103-1000
      View Details
    • Value Estimation by Request
      10,108 SF

      101 Lyman St

      WAREHOUSE, STORAGE • 10,108 SF
      101 Lyman St, Springfield, MA 01103
      View Details
    • Value Estimation by Request
      13,055 SF

      186 Chestnut St, Unit 192

      WAREHOUSE, STORAGE • 13,055 SF
      186 Chestnut St, Springfield, MA 01103-1302
      View Details
    • Value Estimation by Request
      38,000 SF

      1095 Main St

      Office properties & Spaces • 38,000 SF
      1095 Main St, Springfield, MA 01103
      View Details
    • Value Estimation by Request
      20,745 SF

      1402 Main St

      Retail properties & Spaces • 20,745 SF
      1402 Main St, Springfield, MA 01103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,000 SF

      Versatile Industrial Flex Building

      36,000 SF industrial flex building with convenient highway access.
      612-616 Dwight St, Springfield, MA 01103
      View Details
    • Contact for pricing
      29,600 SF

      Historic Hampden Building For Sale

      Historic mixed-use building with retail and office space in Springfield.
      1628-1640 Main St, Springfield, MA 01103
      View Details
    • Contact for pricing

      Springfield Multi-Use Investment Portfolio

      Two income-generating properties on high-traffic Bridge Street in Springfield, MA.
      289-307 Bridge St, Springfield, MA 01103
      View Details
    • $200,000

      Springfield Parking Lot For Sale

      0.2076 acre parking lot near Springfield's CBD.
      492 Bridge St, Springfield, MA 01103
      View Details
    • Contact for pricing
      7,317 SF

      Springfield Redevelopment Opportunity

      7,317 SF building in Springfield's Dining District for sale.
      8-10 Stearns Sq, Springfield, MA 01103
      View Details
    • Contact for pricing

      Non-Performing Multifamily Loan Portfolio

      Non-performing first-lien mortgage loan secured by 46 multifamily units.
      36 Court St, Springfield, MA 01103
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Springfield Retail and Office

      Prominent building in downtown Springfield near MassMutual Center.
      1319 Main St, Springfield, MA 01103
      View Details
    • $21 SF/Yr

      Downtown Springfield Office Space Available

      Office space for lease in downtown Springfield near MGM Casino.
      1095 Main St, Springfield, MA 01103
      View Details
    • Contact for pricing

      Downtown Springfield Office Space Available

      8,000 SF open shell office space in downtown Springfield.
      1095 Main St, Springfield, MA 01103
      View Details
    • $29 SF/Yr
      225 SF

      Springfield Office Space Available

      Office space for rent at 1391 Main St, Springfield.
      1391 Main St, Springfield, MA 01103
      View Details
    • Contact for pricing
      3,360 SF

      Historic Whitcomb Warehouse Office Space

      Historic office space in Springfield's central business district.
      32-34 Hampden St, Springfield, MA 01103
      View Details
    • Contact for pricing
      609 SF

      Office Space for Rent

      Office space available for rent in Springfield, MA.
      7-9 Elm St, Springfield, MA 01103
      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.
    204 Lyman St
    Springfield, MA 01103
    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.
    Sign Up Successful!
    You now have access to more from Realmo!