Property profile

40 Spruce St East Longmeadow, MA 01028

OFF-MARKET
Commercial real estate
Property ID
US38-0612794
1,248 SF 2.42 ac lot Built 1988
Entity Owned 12-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Construction FRAME
Total area 1,248 SF
Lot 2.42 ac (105,340 SF)
Zoning code COM
APN ELON M:028A B:047A L:0000
UPID US38-0612794

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

40 Spruce St East Longmeadow, MA 01028-2842
East Longmeadow metro Census 813403 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$210k

Owner & transaction history

since 2014
7 recorded transactions
2014
$191,000
2003
$255,000
2003
Price N/A
2000
Price N/A
1999
$145,000
1997
Price N/A
1994
$140,000

Zoning & alternative use

COM · East Longmeadow, MA
Zoning description

The intent of the zone to promote Commercial District

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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