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    Property profile & analytics

    381 Main St Springfield, MA 01151-1218

    • Investment properties
    • 2,000 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $210,000
    Last Sale
    Dec 20, 2024
    $470,000
    Location Intelligence
    Property ID
    US38-1309777
    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

    • John's Fuel Oil, Inc. / Heating Equipment Supplier / Heating Oil Supplier

    Property Details for 381 Main St

    Year built
    2003
    Lot size
    0.17 lot acres
    Property size
    2,000 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPRI S:08132 P:0212
    APU
    SPRIS08132P0212

    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
    -72.4927
    Latitude
    42.1578
    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
    $44,600
    $214,400
    $259,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $75,000
      5,940 SF

      139-143 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,940 SF
      139-143 Main St, Springfield, MA 01151
      View Details
    • Value Estimation
      $320,000
      5,412 SF

      15-17 Ludlow Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,412 SF
      15-17 Ludlow Ave, Springfield, MA 01151
      View Details
    • Value Estimation
      $285,000
      7,660 SF

      176 12th Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,660 SF
      176 12th Main St, Springfield, MA 01151-1178
      View Details
    • Value Estimation
      $245,000
      6,277 SF

      267 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,277 SF
      267 Main St, Springfield, MA 01151-1107
      View Details
    • Value Estimation by Request
      335,105 SF

      10 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 335,105 SF
      10 Chestnut St, Springfield, MA 01151
      View Details
    • Value Estimation
      $490,000
      9,457 SF

      38-40 Parker St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,457 SF
      38-40 Parker St, Springfield, MA 01151
      View Details

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    Similar Nearby for Lease

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    381 Main St
    Springfield, MA 01151-1218
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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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