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    Property profile & analytics

    427 State St Springfield, MA 01105-1321

    • Investment properties
    • 7,728 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 03, 2024
    $627
    Location Intelligence
    Property ID
    US38-2311819
    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

    • Spruell & Co / Real Estate Developer
    • Springfields Finest Cuts / Hair Salon / Beauty Salon

    Property Details for 427 State St

    Year built
    1915
    Lot size
    0.12 lot acres
    Property size
    7,728 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPRI S:11110 P:0573
    APU
    SPRIS11110P0573

    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
    -72.5781
    Latitude
    42.107
    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
    $50,600
    $299,400
    $350,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $185,000
      16,786 SF

      305 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 16,786 SF
      305 State St, Springfield, MA 01105-1320
      View Details
    • Value Estimation
      $155,000
      2,928 SF

      544-546 Worthington St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,928 SF
      544-546 Worthington St, Springfield, MA 01105
      View Details
    • Value Estimation
      $295,000
      4,913 SF

      56 Mulberry St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,913 SF
      56 Mulberry St, Springfield, MA 01105-1410
      View Details
    • Value Estimation
      $250,000
      1,352 SF

      17 Lombard St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,352 SF
      17 Lombard St, Springfield, MA 01105-2424
      View Details
    • Value Estimation
      $285,000
      4,488 SF

      144 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,488 SF
      144 Main St, Springfield, MA 01105
      View Details
    • Value Estimation
      $280,000
      7,912 SF

      43 Spg St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,912 SF
      43 Spg St, Springfield, MA 01105
      View Details

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    Similar Nearby for Lease

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      Outdoor Storage Near Interstate 291

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      View Details
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    427 State St
    Springfield, MA 01105-1321
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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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