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    Property profile & analytics

    40 Mineral Spg Ave Ludlow, MA 01056-1178

    • Specialty properties
    • 2,442 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US38-2529594
    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

    • Specialty properties

    Property Details for 40 Mineral Spg Ave

    Year built
    1998
    Construction
    FRAME
    Lot size
    1.23 lot acres
    Property size
    2,442 SF
    Property type
    Specialty properties
    APN
    LUDL M:33 B:10425 P:140
    APU
    LUDLM33B10425P140

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $290,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $290,000
      Mixed-Use
      $250,000
      Hospitality
      $245,000
      Educational
      $275,000
      Residential Income
      $265,000
      Energy
      $330,000
      Income-Based Land
      $270,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Ludlow
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.4288
    Latitude
    42.1941
    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
    2018
    $6,488
    $107,100
    $343,900
    $451,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $360,000
      2,640 SF

      1237 Lyon St

      CHARITABLE ORGANIZATION • 2,640 SF
      1237 Lyon St, Ludlow, MA 01056-1174
      View Details
    • Value Estimation by Request
      54,294 SF

      40 Carmelinas Cir

      PROFESSIONAL CLUBS/ASSOCIATIONS • 54,294 SF
      40 Carmelinas Cir, Ludlow, MA 01056-3161
      View Details
    • Value Estimation
      $325,000
      4,604 SF

      64-68 Sewall St

      FUNERAL HOME • 4,604 SF
      64-68 Sewall St, Ludlow, MA 01056
      View Details
    • Value Estimation by Request
      12,196 SF

      355 Ee St

      CHARITABLE ORGANIZATION • 12,196 SF
      355 Ee St, Ludlow, MA 01056-3007
      View Details
    • Value Estimation
      $270,000
      2,301 SF

      18 Chapin St

      CHARITABLE ORGANIZATION • 2,301 SF
      18 Chapin St, Ludlow, MA 01056-3718
      View Details
    • Value Estimation by Request
      19,353 SF

      385 Winsor St

      CHARITABLE ORGANIZATION • 19,353 SF
      385 Winsor St, Ludlow, MA 01056-3530
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Updated office space with ample parking near major highways.
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    • $1.00 SF/Yr

      Retail Space in High-Traffic Center

      2,000 sq. ft. retail space in Ludlow, MA for rent.
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      Ludlow Industrial Property For Lease

      7,225 SF industrial building with large yard and trailer positions.
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      View Details
    • Contact for pricing
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      Retail Space with Highway Visibility

      Retail space with direct highway access and strong community support.
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      View Details
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    40 Mineral Spg Ave
    Ludlow, MA 01056-1178
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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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