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    Property profile & analytics

    281-285 Belmont Ave Springfield, MA 01108

    • Investment properties
    • 9,531 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US38-2405464
    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

    • Investment properties

    Property Details for 281-285 Belmont Ave

    Year built
    1900
    Lot size
    0.14 lot acres
    Property size
    9,531 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPRI S:01235 P:0323
    APU
    SPRIS01235P0323

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $305,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $305,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $390,000
      Mixed-Use
      $375,000
      Hospitality
      $295,000
      Educational
      $395,000
      Residential Income
      $395,000
      Energy
      $335,000
      Income-Based Land
      $365,000
      Food Service
      $405,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5672
    Latitude
    42.0881
    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
    $0.00
    $53,400
    $341,100
    $394,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $200,000
      5,479 SF

      463-465 Belmont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,479 SF
      463-465 Belmont Ave, Springfield, MA 01108
      View Details
    • Value Estimation
      $355,000
      6,360 SF

      308-312 Belmont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,360 SF
      308-312 Belmont Ave, Springfield, MA 01108
      View Details
    • Value Estimation
      $330,000
      3,036 SF

      314 12th Belmont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,036 SF
      314 12th Belmont Ave, Springfield, MA 01108-2045
      View Details
    • Value Estimation
      $90,000
      3,036 SF

      316 12th Belmont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,036 SF
      316 12th Belmont Ave, Springfield, MA 01108-2045
      View Details
    • Value Estimation
      $100,000
      6,982 SF

      701 Sumner Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,982 SF
      701 Sumner Ave, Springfield, MA 01108-2483
      View Details
    • Value Estimation
      $330,000
      6,575 SF

      390 Sumner Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,575 SF
      390 Sumner Ave, Springfield, MA 01108-2366
      View Details

    Similar Nearby for Sale

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      Well-maintained two-family home with income potential and recent upgrades.
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    Similar Nearby for Lease

    • $800 /Mo
      1,569 SF

      Medical/Professional Office Space Available

      Medical or professional office space for rent with utilities included.
      123 Dwight Rd, Longmeadow, MA 01108
      View Details
    • $15 SF/Yr
      9,000 SF

      Springfield Office Space For Lease

      Office space for lease with large open floor plan.
      494 Belmont Ave, Springfield, MA 01108
      View Details
    • $2,000 /Mo

      Spacious Three-Bedroom Apartment

      First-floor apartment with updated kitchen and in-unit laundry.
      641 White St, Springfield, MA 01108
      View Details
    • $2,000 /Mo

      Retail/Commercial Space For Lease

      Versatile commercial space in a well-established, accessible neighborhood.
      878 Sumner Ave, Springfield, MA 01108
      View Details
    • $2,000 /Mo
      1,280 SF

      Retail Space in Springfield

      Retail space available for rent in Springfield, Massachusetts.
      673 White St, Springfield, MA 01108
      View Details
    • $14 SF/Yr
      250 SF

      Office Space For Rent

      Office space available for lease in Springfield, MA.
      83-95 Mill St, Springfield, MA 01108
      View Details
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    281-285 Belmont Ave
    Springfield, MA 01108
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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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