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    Property profile & analytics

    386 Main St Springfield, MA 01151

    • Turn key restaurants
    • 4,246 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1568387
    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

    • Turn key restaurants

    Property Details for 386 Main St

    Year built
    1991
    Lot size
    1.02 lot acres
    Property size
    4,246 SF
    Zone code
    SB2I2
    Property type
    Turn key restaurants
    APN
    SPRI S:08130 P:0035
    APU
    SPRIS08130P0035

    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
    -72.5802
    Latitude
    42.0914
    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
    $46,250
    $396,500
    $874,100
    $1,270,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $310,000
      3,120 SF

      422 Main St

      RESTAURANT • 3,120 SF
      422 Main St, Springfield, MA 01151-1208
      View Details
    • Value Estimation
      $275,000
      4,822 SF

      278-280 Main St

      RESTAURANT • 4,822 SF
      278-280 Main St, Springfield, MA 01151
      View Details
    • Value Estimation
      $280,000
      5,156 SF

      184-186 Main St

      RESTAURANT • 5,156 SF
      184-186 Main St, Springfield, MA 01151
      View Details
    • Value Estimation
      $245,000
      1,164 SF

      306 Pasco Rd

      RESTAURANT • 1,164 SF
      306 Pasco Rd, Springfield, MA 01151-1938
      View Details
    • Value Estimation
      $360,000
      9,050 SF

      528 Main St, Unit 534

      RETAIL STORES (PERSONAL SERVICES) • 9,050 SF
      528 Main St, Springfield, MA 01151-1222
      View Details
    • Value Estimation
      $515,000
      12,000 SF

      563 Main St, Unit 569

      RETAIL STORES (PERSONAL SERVICES) • 12,000 SF
      563 Main St, Springfield, MA 01151-1220
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Fully operational restaurant established in 2021, ready for new owner.
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    • $799,900
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      Main St Springfield Mixed-Use Investment

      High-Return Multi-Family & Commercial Property
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      Versatile Commercial Building For Sale

      Over 2700 sq. ft. commercial building in Springfield, MA.
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    Similar Nearby for Lease

    • $3,000 /Mo

      Versatile Commercial Space in Springfield

      1,683 sq ft commercial property ideal for various business uses.
      11 Front St, Springfield, MA 01151
      View Details
    • $12 SF/Yr
      3,040 SF

      Unique Office Space Available

      Office spaces with preserved decor and natural wood finish.
      15 Hampden St, Springfield, MA 01151
      View Details
    • Contact for pricing
      7,500 SF

      Springfield Warehouse Space For Lease

      Industrial warehouse, 1,500-7,500 sq ft.
      91 Pinevale St, Springfield, MA 01151
      View Details
    • $9 SF/Yr
      11,948 SF

      Ludlow School Building For Lease

      Spacious School Building - 11,948 SF
      34 Kopernick St, Springfield, MA 01151
      View Details

    Property Visit Statistics

    • Visits by month
      57.2k
    • Visitors by month
      28.2k
    • Avg Time on site
      10 min
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    386 Main St
    Springfield, MA 01151
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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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