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    Property profile & analytics

    224 Westfield Rd Holyoke, MA 01040-1656

    • Turn key restaurants
    • 4,870 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Last Sale
    Oct 04, 2024
    $449,000
    Location Intelligence
    Property ID
    US38-1604914
    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

    • Schermerhorn's Seafood / Caterer / Seafood Restaurant
    • Fitzgerald's Pizza & Restaurant / Pizza Restaurant

    Property Details for 224 Westfield Rd

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.42 lot acres
    Property size
    4,870 SF
    Zone code
    BL
    Property type
    Turn key restaurants
    APN
    HOLY M:0157 B:0000 L:72
    APU
    HOLYM0157B0000L72

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $535,000
      6.5%
      $615,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $635,000
      Geo Method
      $490,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $540,000
      Retail
      $485,000
      Mixed-Use
      $650,000
      Hospitality
      $475,000
      Educational
      $660,000
      Residential Income
      $575,000
      Energy
      $655,000
      Income-Based Land
      $490,000
      Food Service
      $535,000

    Location Insight

    • Map
    • Local Demand
    City
    Holyoke
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.6389
    Latitude
    42.1907
    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
    $14,969
    $48,300
    $323,500
    $371,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,115,000
      2,850 SF

      2199 Northampton St

      RESTAURANT • 2,850 SF
      2199 Northampton St, Holyoke, MA 01040-3439
      View Details
    • Value Estimation by Request
      3,397 SF

      2194 Northampton St

      RESTAURANT • 3,397 SF
      2194 Northampton St, Holyoke, MA 01040-3410
      View Details
    • Value Estimation
      $500,000
      2,240 SF

      408 High St

      RESTAURANT • 2,240 SF
      408 High St, Holyoke, MA 01040-4961
      View Details
    • Value Estimation
      $255,000
      2,148 SF

      455 Ss St

      RESTAURANT • 2,148 SF
      455 Ss St, Holyoke, MA 01040-3600
      View Details
    • Value Estimation
      $245,000
      3,001 SF

      8 Brg St

      RESTAURANT • 3,001 SF
      8 Brg St, Holyoke, MA 01040-5827
      View Details
    • Value Estimation
      $360,000
      2,544 SF

      18 Cabot St

      RESTAURANT • 2,544 SF
      18 Cabot St, Holyoke, MA 01040-6052
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Commercial spaces available in Holyoke's vibrant business district.
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    • Contact for pricing
      8,952 SF

      Retail Space in Neighborhood Center

      Retail spaces available within a 90,000 SF neighborhood center.
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    224 Westfield Rd
    Holyoke, MA 01040-1656
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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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