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    Property profile & analytics

    390 Allen St, Unit 392 Springfield, MA 01118-2010

    • Investment properties
    • 3,114 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $230,000
    Last Sale
    Dec 28, 2023
    $250,000
    Location Intelligence
    Property ID
    US38-1025825
    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

    • Allen Package / Liquor Store

    Property Details for 390 Allen St

    Year built
    1905
    Lot size
    0.10 lot acres
    Property size
    3,114 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPRI S:00280 P:0096
    APU
    SPRIS00280P0096

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $215,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $250,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $265,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $270,000
      Mixed-Use
      $280,000
      Hospitality
      $225,000
      Educational
      $250,000
      Residential Income
      $240,000
      Energy
      $265,000
      Income-Based Land
      $265,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5496
    Latitude
    42.0928
    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
    2024
    $0.00
    $53,400
    $154,100
    $207,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $230,000
      5,940 SF

      1043 Sumner Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,940 SF
      1043 Sumner Ave, Springfield, MA 01118-2149
      View Details
    • Value Estimation
      $210,000
      1,776 SF

      911 Sumner Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,776 SF
      911 Sumner Ave, Springfield, MA 01118-2114
      View Details
    • Value Estimation by Request
      40,468 SF

      1490 Allen St, Unit 1504

      OFFICE/RESIDENTIAL (MIXED USE) • 40,468 SF
      1490 Allen St, Springfield, MA 01118-1817
      View Details
    • Value Estimation
      $200,000
      1,678 SF

      111 Clearbrook Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,678 SF
      111 Clearbrook Dr, Springfield, MA 01118-1906
      View Details
    • Value Estimation
      $320,000
      4,059 SF

      1362-1366 Allen St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,059 SF
      1362-1366 Allen St, Springfield, MA 01118
      View Details
    • Value Estimation
      $240,000
      1,549 SF

      7 Grandview St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,549 SF
      7 Grandview St, Springfield, MA 01118-1108
      View Details

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    Similar Nearby for Lease

    • $4,900 /Mo

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      High-visibility retail/office space on a busy Springfield corner.
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      View Details
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    390 Allen St, Unit 392
    Springfield, MA 01118-2010
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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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