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Financial
Distress signals
Property profile

438-442 Chestnut St Springfield, MA 01107

FOR SALE
Medical Office Space
Property ID
US38-1231704
5,760 SF 0.17 ac lot Built 1905
Last sale May 2009 · $240,000
Individually Owned Owner of record is an individual. 17-yr Hold Held for 17 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
438-442 Chestnut St, Springfield, MA 01107 For Sale 1 / 13
$530,000 5,760 SF
438-442 Chestnut St, Springfield, MA 01107
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$446k
Assessed land$32k
Assessed improvement$414k
Effective rate3.64%

Value estimate

· Oct 2026
$310k
$279k – $341k
AI approach$310k
NOI build-up
Gross scheduled income$86k
Vacancy & credit loss−$13k
Operating expenses−$18k
NOI · 10.39% cap applied$55k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
10.39%
$55k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B1
JurisdictionSPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store10.0
Dry Cleaner10.0
Locksmith9.5

Location

438-442 Chestnut St Springfield, MA 01107
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3550 Main, Springfield, MA 01107-1089 $19,500,000 Feb 2022 34,778 SF
3640 Main, Springfield, MA 01107-1145 $23,900,000 Feb 2022 126,884 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $215,000
    4,792 SF
    760 Chestnut St
    MEDICAL BUILDING
    760 Chestnut St, Springfield, MA 01107-1614
    View Details
  • Value Estimation
    $540,000
    11,518 SF
    3377 Main St
    MEDICAL BUILDING
    3377 Main St, Springfield, MA 01107-1111
    View Details
  • Value Estimation
    $705,000
    13,600 SF
    80 Wason Ave
    MEDICAL BUILDING
    80 Wason Ave, Springfield, MA 01107-1132
    View Details
  • Value Estimation
    $935,000
    31,040 SF
    354 Birnie Ave
    MEDICAL BUILDING
    354 Birnie Ave, Springfield, MA 01107-1108
    View Details
  • Value Estimation by Request
    34,778 SF
    3550 Main St
    MEDICAL BUILDING
    3550 Main St, Springfield, MA 01107-1089
    View Details
  • Value Estimation
    $1,510,000
    35,907 SF
    3451 Main St
    MEDICAL BUILDING
    3451 Main St, Springfield, MA 01107
    View Details

Similar in This City for Sale

  • Contact for pricing
    5,300 SF
    Medical Office Near Baystate Center
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    2 Medical Center Drive, Springfield, MA 01199
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  • New
    Contact for pricing
    7,000 SF
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    Restored interiors, tall ceilings, large windows, and a wrap-around porch support a distinctive professional setting.
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  • Contact for pricing
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    Fourth-floor medical office suite with exam rooms, private offices, a waiting area, and on-site parking with easy highway access.
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  • Contact for pricing
    13,000 SF
    Turnkey Medical Office Space
    Turnkey medical space with income in place from a long-term tenant, featuring strong frontage and ample parking.
    532 Sumner Ave, Springfield, MA 01108
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  • $95,000
    1,047 SF
    Medical Office Suite
    Second-floor condominium with exam rooms, reception, private office, and support areas in an established professional building.
    1795 Main St # 206, Springfield, MA 01103
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  • $95,000
    1,047 SF
    Medical Office Condominium Suite
    Second-floor medical office suite with exam rooms, private office, waiting/reception area, and private bathroom.
    206-1795 Main St, Springfield, MA 01151
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Similar in This City for Lease

  • New
    $5,895/Mo
    Restored Historic Office Building
    Distinctive office setting with modern finishes, abundant daylight, and a wrap-around porch.
    83 Maple St, Springfield, MA 01105
    View Details
  • New
    $20 SF/Yr
    10,000 sqft
    Medical Office Building with Parking
    Medical office building with ADA accessibility and ample on-site parking, offering efficient patient flow and multiple exam-ready office areas.
    222 Carew St, Springfield, MA 01104
    View Details
  • Contact for pricing
    2,657 sqft
    Fourth-Floor Medical Office Space
    Approximately 2,657 rentable square feet on the fourth floor with exam rooms, private offices, waiting area, and kitchenette.
    299 Carew St, Springfield, MA 01104
    View Details
  • New
    $14 SF/Yr
    15,000 sqft
    Medical Office Space with Elevators
    All-utilities-included medical/professional office space with flexible open floor plan, receptionist, and elevator access.
    50 Maple St, Springfield, MA 01103
    View Details
  • New
    $18 SF/Yr
    7,680 sqft
    Built-Out Medical Office Suite
    Single-story clinical space includes exam rooms, private offices, laboratory functions, reception areas, and on-site parking.
    835 Worcester Street, Springfield, MA 01151
    View Details
  • Contact for pricing
    69,110 sqft
    Medical Office Building with Parking
    Multi-tenant medical office space with secure, well-lit interiors and on-site shared parking for up to 460 cars.
    128-148 Maple St, Springfield, MA 01103
    View Details
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