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    Property profile & analytics

    246 Cottage St Springfield, MA 01104-3540

    • Retail properties
    • 13,815 SF
    • 1.68 lot acres
    OFF-MARKET
    Value Estimation
    $1,875,000
    Last Sale
    Dec 13, 2022
    $1,934,400
    Location Intelligence
    Property ID
    US38-2399904
    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

    • Pride Office/Bakery / Corporate Campus
    • FedEx Drop Box / Mailing Service

    Property Details for 246 Cottage St

    Year built
    1968
    Lot size
    1.68 lot acres
    Property size
    13,815 SF
    Zone code
    I2
    Property type
    Retail properties
    APN
    SPRI S:03310 P:0038
    APU
    SPRIS03310P0038

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,850,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,210,000
      6.5%
      $2,185,000
      7%
      $2,215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,775,000
      Geo Method
      $2,070,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,145,000
      Retail
      $1,820,000
      Mixed-Use
      $1,975,000
      Hospitality
      $1,865,000
      Educational
      $2,095,000
      Residential Income
      $1,675,000
      Energy
      $1,830,000
      Income-Based Land
      $2,120,000
      Food Service
      $1,915,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5442
    Latitude
    42.1447
    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
    $22,102
    $144,900
    $462,300
    $607,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      77,864 SF

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      Retail properties • 77,864 SF
      1250 St James Ave, Springfield, MA 01104
      View Details
    • Value Estimation by Request
      1,595 SF

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      DEPARTMENT STORE • 1,595 SF
      90 Carando Dr, Springfield, MA 01104-4205
      View Details
    • Value Estimation
      $2,890,000
      9,840 SF

      1276 Saint James Ave

      DEPARTMENT STORE • 9,840 SF
      1276 Saint James Ave, Springfield, MA 01104
      View Details
    • Value Estimation by Request
      444,000 SF

      1225-1395 Liberty St

      Retail properties • 444,000 SF
      1225-1395 Liberty St, Springfield, MA 01104
      View Details
    • Value Estimation by Request
      18,732 SF

      970 Saint James Ave

      DEPARTMENT STORE • 18,732 SF
      970 Saint James Ave, Springfield, MA 01104-2800
      View Details
    • Value Estimation
      $195,000
      5,670 SF

      507-511 Page Blvd

      DEPARTMENT STORE • 5,670 SF
      507-511 Page Blvd, Springfield, MA 01104
      View Details

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    Similar Nearby for Lease

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      Prime Springfield Retail Space

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    246 Cottage St
    Springfield, MA 01104-3540
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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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