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    Property profile & analytics

    247 Hancock St Springfield, MA 01109-4352

    • Retail properties
    • 8,320 SF
    • 0.81 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0623117
    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

    • Family Dollar / School Supply Store / Tobacco Shop

    Property Details for 247 Hancock St

    Year built
    2018
    Lot size
    0.81 lot acres
    Property size
    8,320 SF
    Zone code
    B2
    Property type
    Retail properties
    APN
    SPRI S:06250 P:0173
    APU
    SPRIS06250P0173

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.567
    Latitude
    42.1024
    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
    $52,172
    $117,200
    $1,316,100
    $1,433,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $510,000
      12,468 SF

      1522 State St

      DEPARTMENT STORE • 12,468 SF
      1522 State St, Springfield, MA 01109
      View Details
    • Value Estimation
      $1,630,000
      23,386 SF

      756 State St

      DEPARTMENT STORE • 23,386 SF
      756 State St, Springfield, MA 01109-4112
      View Details
    • Value Estimation
      $250,000
      4,968 SF

      145 Boston Rd

      DEPARTMENT STORE • 4,968 SF
      145 Boston Rd, Springfield, MA 01109-1748
      View Details
    • Value Estimation by Request
      3,400 SF

      883 Alden St

      Retail properties • 3,400 SF
      883 Alden St, Springfield, MA 01109
      View Details
    • Value Estimation by Request
      11,952 SF

      1525 State St

      DEPARTMENT STORE • 11,952 SF
      1525 State St, Springfield, MA 01109-2536
      View Details
    • Value Estimation by Request
      13,378 SF

      707 State St

      DEPARTMENT STORE • 13,378 SF
      707 State St, Springfield, MA 01109-4109
      View Details

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    Similar Nearby for Lease

    • $16 SF/Yr
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      Springfield Retail Space - Alden St

      Prime Springfield retail space, 3,400 sq ft.
      883 Alden St, Springfield, MA 01109
      View Details
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      Retail with Warehouse Space

      Retail space with office and warehouse in Springfield, MA.
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      View Details
    • Contact for pricing
      15,000 SF

      Retail Space at High-Traffic Intersection

      Retail space available at a busy Springfield intersection.
      1060 Wilbraham Rd, Springfield, MA 01109
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    • $13 SF/Yr
      3,000 SF

      Restaurant/Retail Space Near Landmark

      Restaurant or retail space with existing infrastructure and parking.
      886-892 State St, Springfield, MA 01109
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    • Contact for pricing

      Retail Space with Drive-Thru

      Retail space with drive-thru available in Springfield, Massachusetts.
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    • $1.00 SF/Yr

      Commercial Space on State Street

      2600+ Sq Ft commercial space, ideal for various businesses.
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      View Details

    Property Visit Statistics

    • Visits by month
      18.3k
    • Visitors by month
      9.6k
    • Avg Time on site
      13 min
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    247 Hancock St
    Springfield, MA 01109-4352
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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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