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    Property profile & analytics

    517 Boston Rd Springfield, MA 01109-1230

    • Investment properties
    • 3,109 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Last Sale
    Apr 17, 2024
    $284,000
    Location Intelligence
    Property ID
    US38-0045057
    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

    • Acupuncture & General Medicine / Acupuncture Clinic
    • Shwee-Tian Chou, MD / Acupuncturist / General Practitioner

    Property Details for 517 Boston Rd

    Year built
    1925
    Lot size
    0.42 lot acres
    Property size
    3,109 SF
    Zone code
    SR1O1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPRI S:01655 P:0680
    APU
    SPRIS01655P0680

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $355,000
      6.5%
      $320,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $310,000
      Mixed-Use
      $285,000
      Hospitality
      $340,000
      Educational
      $290,000
      Residential Income
      $375,000
      Energy
      $350,000
      Income-Based Land
      $280,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5252
    Latitude
    42.1324
    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
    $37,700
    $246,800
    $284,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,092 SF

      518 Un St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,092 SF
      518 Un St, Springfield, MA 01109-4228
      View Details
    • Value Estimation
      $210,000
      1,199 SF

      11 Preston St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,199 SF
      11 Preston St, Springfield, MA 01109-1721
      View Details
    • Value Estimation
      $1,385,000
      20,487 SF

      685 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 20,487 SF
      685 State St, Springfield, MA 01109-4118
      View Details
    • Value Estimation
      $315,000
      3,381 SF

      260-262 Hancock St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,381 SF
      260-262 Hancock St, Springfield, MA 01109
      View Details
    • Value Estimation
      $205,000
      1,104 SF

      236-240 King St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,104 SF
      236-240 King St, Springfield, MA 01109
      View Details
    • Value Estimation
      $335,000
      2,329 SF

      32 Marsden St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,329 SF
      32 Marsden St, Springfield, MA 01109-1615
      View Details

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    Similar Nearby for Lease

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      Prime Springfield retail space, 3,400 sq ft.
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      Retail space with office and warehouse in Springfield, MA.
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    • Contact for pricing
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      Office space for rent near major employers and universities.
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    • $2,000 /Mo

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      920 sq ft storefront in high-traffic commercial area.
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      Restaurant or retail space with existing infrastructure and parking.
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    • Contact for pricing
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      Retail Space at High-Traffic Intersection

      Retail space available at a busy Springfield intersection.
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      View Details
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    517 Boston Rd
    Springfield, MA 01109-1230
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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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