Property profile

222-224 Hancock St Springfield, MA 01109

OFF-MARKET
Industrial properties
Property ID
US38-0860108
7,777 SF 3.01 ac lot Built 1910
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1910
Total area 7,777 SF
Lot 3.01 ac (131,203 SF)
Zoning code SB1B2
APN SPRI S:06250 P:0047
UPID US38-0860108

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

222-224 Hancock St Springfield, MA 01109
Springfield metro Census 801800 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2005
2 recorded transactions
2005
Price N/A
2003
Price N/A

Zoning & alternative use

SB1B2 · Springfield, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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