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    Property profile & analytics

    381 Cooley St Springfield, MA 01128-1113

    • Retail properties
    • 10,824 SF
    • 3.49 lot acres
    OFF-MARKET
    Value Estimation
    $4,250,000
    Last Sale
    Jun 21, 2023
    $4,700,000
    Location Intelligence
    Property ID
    US38-0742162
    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

    • Walgreens / Convenience Store / Cosmetics Store
    • KeyMe / Key Duplication Service / Locksmith
    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Big D Plaza Shopping Center / Shopping Mall
    • Walgreens Pharmacy / Pharmacy

    Property Details for 381 Cooley St

    Year built
    2001
    Lot size
    3.49 lot acres
    Property size
    10,824 SF
    Zone code
    SR6B1
    Property type
    Retail properties
    APN
    SPRI S:03170 P:0199
    APU
    SPRIS03170P0199

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,010,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,735,000
      6.5%
      $5,005,000
      7%
      $4,550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,320,000
      Geo Method
      $5,495,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,020,000
      Retail
      $4,415,000
      Mixed-Use
      $4,195,000
      Hospitality
      $5,320,000
      Educational
      $5,460,000
      Residential Income
      $5,420,000
      Energy
      $4,695,000
      Income-Based Land
      $5,185,000
      Food Service
      $5,115,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.4977
    Latitude
    42.0927
    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
    $97,574
    $664,600
    $2,016,000
    $2,680,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      327,303 SF

      300 Cooley St

      Retail properties • 327,303 SF
      300 Cooley St, Springfield, MA 01128
      View Details
    • Value Estimation by Request
      2,835 SF

      450 Cooley St

      RETAIL STORES (PERSONAL SERVICES) • 2,835 SF
      450 Cooley St, Springfield, MA 01128-1180
      View Details
    • Value Estimation by Request
      1,978 SF

      471 Cooley St

      SERVICE STATION (FULL SERVICE) • 1,978 SF
      471 Cooley St, Springfield, MA 01128-1117
      View Details
    • Value Estimation
      $365,000
      1,720 SF

      400 Cooley St

      RESTAURANT • 1,720 SF
      400 Cooley St, Springfield, MA 01128-1180
      View Details
    • Value Estimation
      $415,000
      2,760 SF

      441 Cooley St

      FINANCIAL BUILDING • 2,760 SF
      441 Cooley St, Springfield, MA 01128-1113
      View Details
    • Value Estimation by Request
      57,512 SF

      415 Cooley St

      GROCERY, SUPERMARKET • 57,512 SF
      415 Cooley St, Springfield, MA 01128-1127
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      327,303 SF

      Springfield Retail Space for Lease

      Prime Springfield retail, multiple spaces available.
      300 Cooley St, Springfield, MA 01128
      View Details
    • Contact for pricing
      1,815 SF

      Retail Space in Springfield Center

      Retail space available in a busy Springfield shopping center.
      300-390 Cooley St, Springfield, MA 01128
      View Details
    • Contact for pricing
      7,500 SF

      Retail Space in Springfield Center

      Retail space available in a busy, anchored shopping center.
      302 Cooley St, Springfield, MA 01128
      View Details
    • Contact for pricing
      63,275 SF

      Retail Space in Springfield, MA

      Retail property in Springfield with high traffic and resident density.
      415 Cooley St, Springfield, MA 01128
      View Details
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    381 Cooley St
    Springfield, MA 01128-1113
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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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