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    Property profile & analytics

    550 Main St Springfield, MA 01151-1222

    • Commercial land
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 27, 2025
    $140,000
    Location Intelligence
    Property ID
    US38-0972183
    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

    • Commercial land

    Property Details for 550 Main St

    Year built
    1977
    Lot size
    0.68 lot acres
    Zone code
    B1
    Property type
    Commercial land
    APN
    SPRI S:08132 P:0142
    APU
    SPRIS08132P0142

    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
    -72.4855
    Latitude
    42.1561
    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
    $5,566
    $147,600
    $5,300
    $152,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      143 Parker St

      VACANT COMMERCIAL LAND • 4,290 SF
      143 Parker St, Springfield, MA 01151-2209
      View Details
    • Value Estimation by Request
      0.06 Acres

      10 Parker St

      VACANT COMMERCIAL LAND • 0.06 Acres
      10 Parker St, Springfield, MA 01151-2208
      View Details
    • Value Estimation by Request
      0.11 Acres

      544 Main St, Unit 548

      VACANT COMMERCIAL LAND • 0.11 Acres
      544 Main St, Indian Orchard, MA 01151-1222
      View Details
    • Value Estimation by Request
      0.11 Acres

      162 Ctr St, Unit 164

      VACANT COMMERCIAL LAND • 0.11 Acres
      162 Ctr St, Springfield, MA 01151-1112
      View Details
    • Value Estimation by Request
      0.06 Acres

      35-37 Oak St

      VACANT COMMERCIAL LAND • 0.06 Acres
      35-37 Oak St, Springfield, MA 01151
      View Details
    • Value Estimation by Request
      0.11 Acres

      390 Main St

      VACANT COMMERCIAL LAND • 0.11 Acres
      390 Main St, Springfield, MA 01151-1100
      View Details

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    550 Main St
    Springfield, MA 01151-1222
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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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