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    Property profile & analytics

    48 Franklin St Westfield, MA 01085-2261

    • Investment properties
    • 3,490 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Last Sale
    Jan 28, 2022
    $380,000
    Location Intelligence
    Property ID
    US38-0128146
    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

    • Investment properties

    Property Details for 48 Franklin St

    Year built
    1900
    Construction
    BRICK
    Lot size
    0.14 lot acres
    Property size
    3,490 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WFLD M:55 L:101
    APU
    WFLDM55L101

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $435,000
      7%
      $405,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $395,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $405,000
      Mixed-Use
      $340,000
      Hospitality
      $400,000
      Educational
      $430,000
      Residential Income
      $355,000
      Energy
      $430,000
      Income-Based Land
      $340,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.7508
    Latitude
    42.1247
    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
    $69,800
    $304,100
    $373,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $140,000
      3,360 SF

      160 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,360 SF
      160 Elm St, Westfield, MA 01085-2919
      View Details
    • Value Estimation
      $305,000
      5,232 SF

      131 Mdw St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,232 SF
      131 Mdw St, Westfield, MA 01085-3227
      View Details
    • Value Estimation
      $120,000
      0.10 Acres

      123 Mdw St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.10 Acres
      123 Mdw St, Westfield, MA 01085-3227
      View Details
    • Value Estimation by Request
      1.21 Acres

      380 Mtn Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.21 Acres
      380 Mtn Rd, Westfield, MA 01085-1975
      View Details
    • Value Estimation
      $305,000
      3,104 SF

      595 Southampton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,104 SF
      595 Southampton Rd, Westfield, MA 01085-1329
      View Details
    • Value Estimation
      $280,000
      0.95 Acres

      825 Southampton Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.95 Acres
      825 Southampton Rd, Westfield, MA 01085-1331
      View Details

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    • Contact for pricing
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      Office space for lease with great visibility and easy access.
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    • $17 SF/Yr
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      Westfield Office Space Available

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    • Contact for pricing
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      Westfield Shops Retail Spaces Available

      Prime Retail Space in Westfield, MA
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    • $12 SF/Yr
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      First Floor Office Suite

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      View Details

    Property Visit Statistics

    • Visits by month
      15.0k
    • Visitors by month
      7.6k
    • Avg Time on site
      12 min
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    48 Franklin St
    Westfield, MA 01085-2261
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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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