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    Property profile & analytics

    2383 Westfield St West Springfield, MA 01089-2054

    • Retail properties
    • 756 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    $140,000
    Last Sale
    Mar 01, 2023
    $147,900
    Location Intelligence
    Property ID
    US38-1707393
    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

    • Frasco Fuel Oil / Heating Oil Supplier / Diesel Fuel Supplier
    • Khan Heating Oil / General Contractor

    Property Details for 2383 Westfield St

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.52 lot acres
    Property size
    756 SF
    Property type
    Retail properties
    APN
    WSPR M:00394 B:15902 L:0000V
    APU
    WSPRM00394B15902L0000V

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $125,000

    • CAP approach

      CAP return
      Estimation
      6%
      $175,000
      6.5%
      $170,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $165,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $155,000
      Retail
      $185,000
      Mixed-Use
      $145,000
      Hospitality
      $150,000
      Educational
      $200,000
      Residential Income
      $175,000
      Energy
      $180,000
      Income-Based Land
      $195,000
      Food Service
      $190,000

    Location Insight

    • Map
    • Local Demand
    City
    West Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.681
    Latitude
    42.1045
    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
    $6,070
    $145,000
    $58,700
    $203,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      23,554 SF

      225 Park Ave

      Individual retail properties • 23,554 SF
      225 Park Ave, West Springfield, MA 01089
      View Details
    • Value Estimation by Request
      19,200 SF

      1800 Riverdale St

      DEPARTMENT STORE • 19,200 SF
      1800 Riverdale St, West Springfield, MA 01089-1082
      View Details
    • Value Estimation
      $570,000
      3,727 SF

      3 Central St

      DEPARTMENT STORE • 3,727 SF
      3 Central St, West Springfield, MA 01089-2701
      View Details
    • Value Estimation
      $3,840,000
      17,598 SF

      1102 Riverdale St

      DEPARTMENT STORE • 17,598 SF
      1102 Riverdale St, West Springfield, MA 01089-4637
      View Details
    • Value Estimation
      $340,000
      3,682 SF

      12 Ss Blvd

      DEPARTMENT STORE • 3,682 SF
      12 Ss Blvd, West Springfield, MA 01089-3210
      View Details
    • Value Estimation
      $385,000
      11,758 SF

      43 Allston Ave, Unit 51

      DEPARTMENT STORE • 11,758 SF
      43 Allston Ave, West Springfield, MA 01089-3701
      View Details

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    Similar Nearby for Lease

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      Versatile Commercial Space on Memorial

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    • $2,000 /Mo

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    • $25 SF/Yr
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      Prime Retail Space on Riverdale

      2,807 SF retail space on West Springfield's 'Golden Mile'.
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      View Details
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    2383 Westfield St
    West Springfield, MA 01089-2054
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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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