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    Property profile & analytics

    312 Bay St Springfield, MA 01109-3556

    • Commercial real estate
    • 1,456 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $80,000
    Last Sale
    May 28, 2021
    $90,000
    Location Intelligence
    Property ID
    US38-1737588
    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

    • Commercial real estate

    Property Details for 312 Bay St

    Year built
    1930
    Lot size
    0.10 lot acres
    Property size
    1,456 SF
    Zone code
    B1
    Property type
    Commercial real estate
    APN
    SPRI S:01085 P:0065
    APU
    SPRIS01085P0065

    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
    -72.5667
    Latitude
    42.117
    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
    2020
    $3,570
    $26,100
    $64,000
    $90,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      1,290 SF

      178 Boston Rd

      COMMERCIAL (GENERAL) • 1,290 SF
      178 Boston Rd, Springfield, MA 01109
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    • Value Estimation
      $1,305,000
      0.71 Acres

      472 Boston Rd

      COMMERCIAL (GENERAL) • 0.71 Acres
      472 Boston Rd, Springfield, MA 01109
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    • Value Estimation
      $220,000
      3,920 SF

      904 State St, Unit 910

      COMMERCIAL (GENERAL) • 3,920 SF
      904 State St, Springfield, MA 01109-3135
      View Details
    • Value Estimation by Request
      3,770 SF

      1030 Wilbraham Rd

      COMMERCIAL (GENERAL) • 3,770 SF
      1030 Wilbraham Rd, Springfield, MA 01109-2023
      View Details
    • Value Estimation
      $310,000
      2,036 SF

      510 Boston Rd

      COMMERCIAL (GENERAL) • 2,036 SF
      510 Boston Rd, Springfield, MA 01109-1227
      View Details
    • Value Estimation
      $230,000
      3,738 SF

      150 Boston Rd

      COMMERCIAL (GENERAL) • 3,738 SF
      150 Boston Rd, Springfield, MA 01109-1704
      View Details

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    312 Bay St
    Springfield, MA 01109-3556
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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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