Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    32 Marsden St Springfield, MA 01109-1615
    Back to Search
    Property profile & analytics

    32 Marsden St, Springfield, MA 01109-1615

    View on Map
    • Investment properties
    • 2,329 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Oct 13, 2024
    $320,000
    Property ID
    US38-1249964
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 32 Marsden St

    Year built
    1924
    Lot size
    0.17 lot acres
    Zone code
    R1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPRI S:08300 P:0007
    APU
    SPRIS08300P0007

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 13, 2025 $320,000 Geecaa Investments LLC Robert A Desautels Deed —
    Jan 16, 2018 $152,500 Robert A Desautels Donahue Mary S Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5378
    Latitude
    42.127
    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
    $30,900
    $251,800
    $282,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,092 SF

      518 Un St

      OFFICE/RESIDENTIAL (MIXED USE)
      518 Un St, Springfield, MA 01109-4228
      View Details
    • Value Estimation by Request
      1,199 SF

      11 Preston St

      OFFICE/RESIDENTIAL (MIXED USE)
      11 Preston St, Springfield, MA 01109-1721
      View Details
    • Value Estimation
      $1,410,000
      20,487 SF

      685 State St

      OFFICE/RESIDENTIAL (MIXED USE)
      685 State St, Springfield, MA 01109-4118
      View Details
    • Value Estimation by Request
      3,381 SF

      260-262 Hancock St

      OFFICE/RESIDENTIAL (MIXED USE)
      260-262 Hancock St, Springfield, MA 01109
      View Details
    • Value Estimation by Request
      1,104 SF

      236-240 King St

      OFFICE/RESIDENTIAL (MIXED USE)
      236-240 King St, Springfield, MA 01109
      View Details
    • Value Estimation by Request
      7,226 SF

      411 Saint James Ave, Unit 419

      OFFICE/RESIDENTIAL (MIXED USE)
      411 Saint James Ave, Springfield, MA 01109-3829
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Spacious Updated Springfield Two-Family Home

      Updated two-family home in Springfield with flexible living arrangements.
      46-48 Suffolk St, Springfield, MA 01109
      View Details
    • Contact for pricing
      2,902 SF

      Well-Maintained Duplex Ideal for Investors

      8-bedroom duplex with new roof, updated interiors, and strong rental.
      115-117 Northampton Ave, Springfield, MA 01109
      View Details
    • Contact for pricing
      2,902 SF

      Spacious Duplex with Architectural Details

      Well-maintained 8-bedroom duplex with new roof and separate utilities.
      115-117 Northampton Ave, Springfield, MA 01109
      View Details
    • Contact for pricing

      Springfield Two-Family Home with Updates

      Updated two-family home in Springfield, ready for immediate enjoyment.
      540-542 Union St, Springfield, MA 01109
      View Details
    • Contact for pricing
      2,902 SF

      Well-Maintained Duplex Ideal for Investors

      8-bedroom, 2-bathroom duplex with separate utilities and off-street parking.
      115-117 Northampton Ave, Springfield, MA 01109
      View Details
    • Contact for pricing

      Income-Generating Multifamily Property

      Well-maintained two-unit property with income potential in convenient location.
      485 Bay St, Springfield, MA 01109
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail, Office, and Warehouse Space

      Retail space with office and warehouse for lease.
      883 Alden St, Springfield, MA 01109
      View Details
    • Contact for pricing
      5,500 SF

      Adaptable Industrial Flex Space

      5,500 SF flex space, minutes from I-291.
      480 St. James Ave, Springfield, MA 01109
      View Details
    • Contact for pricing

      Retail With Warehouse Space

      Retail space with office and warehouse for rent.
      883 Alden St, Springfield, MA 01109
      View Details
    • Contact for pricing

      Springfield Office Suite For Lease

      4,497 sqft move-in-ready office space in central Springfield.
      609-611 State St, Springfield, MA 01109
      View Details
    • Contact for pricing

      Commercial Space on State Street

      2600+ Sq Ft commercial space, ideal for various businesses.
      687 State A, Springfield, MA 01109
      View Details
    • Contact for pricing
      1,400 SF

      Retail with Warehouse Space

      Retail space with office and warehouse in Springfield, MA.
      889 Alden St, Springfield, MA 01109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    32 Marsden St
    Springfield, MA 01109-1615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    32 Marsden St, Springfield, MA, 01109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!