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Financial
Distress signals
Property profile

357 Cottage St Springfield, MA 01104

FOR LEASE
Other industrial properties
Property ID
US38-2481741
32,680 SF 3 ac lot Built 1968
Last sale Dec 2018 · $540,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located at 357 Cottage Street in Springfield, Massachusetts, this mixed-use industrial property contains two spaces: a newly finished second-floor office area of approximately 2,400 square feet and a warehouse space of approximately 5,600 square feet. The warehouse features 11-foot ceiling heights and three loading docks, including two docks measuring 8' x 10' and one dock measuring 8' x 8'. The building offers 46 shared on-site parking spaces positioned in front of the main entrance and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$33k
Tax billed · 2020
Assessed value · 2023$880k
Assessed land$252k
Assessed improvement$628k
Effective rate3.72%

Value estimate

· Oct 2026
$710k
$639k – $781k
AI approach$710k
Submarket $/SF estimate$951k
NOI build-up
Gross scheduled income$74k
Vacancy & credit loss−$4k
Operating expenses−$11k
NOI · 1,326.44% cap applied$60k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$49/SF
Submarket average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$29 – $62
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,326.44%
$60k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I1
JurisdictionSPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.1
Law Firm20.0
Hair Salon18.1

Location

357 Cottage St Springfield, MA 01104
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
41 Brookdale, Springfield, MA 01104-3205 $1,150,000 Mar 2024 12,190 SF
77 Napier, Springfield, MA 01104-2414 $375,000 Sep 2023 14,526 SF
219 Memorial, Springfield, MA 01104-3228 $775,000 Jul 2023 13,968 SF
175 Progress, Springfield, MA 01104-3230 $600,000 May 2023 59,118 SF
89 Guion, Springfield, MA 01104-3001 $2,495,370 Mar 2022 38,368 SF
87 Avocado, Springfield, MA 01104-3303 $4,650,000 Dec 2021 69,280 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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