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    Property profile & analytics

    56 Main St Westfield, MA 01085

    • Banks
    • 2,014 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Location Intelligence
    Property ID
    US38-1635395
    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

    • Banks

    Property Details for 56 Main St

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    2,014 SF
    Property type
    Banks
    APN
    WFLD M:9 L:101
    APU
    WFLDM9L101

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.7465
    Latitude
    42.121
    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
    $13,510
    $62,100
    $368,300
    $430,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      20,860 SF

      31 Ct St

      FINANCIAL BUILDING • 20,860 SF
      31 Ct St, Westfield, MA 01085-3502
      View Details
    • Value Estimation
      $450,000
      2,326 SF

      10 Broad St

      FINANCIAL BUILDING • 2,326 SF
      10 Broad St, Westfield, MA 01085-2902
      View Details
    • Value Estimation by Request
      5,733 SF

      85 Broad St

      FINANCIAL BUILDING • 5,733 SF
      85 Broad St, Westfield, MA 01085-2926
      View Details
    • Value Estimation
      $465,000
      2,856 SF

      560 Main St

      FINANCIAL BUILDING • 2,856 SF
      560 Main St, Westfield, MA 01085-3311
      View Details
    • Value Estimation by Request
      36,028 SF

      141 Elm St

      FINANCIAL BUILDING • 36,028 SF
      141 Elm St, Westfield, MA 01085-2910
      View Details
    • Value Estimation
      $330,000
      2,286 SF

      35 Arnold St

      FINANCIAL BUILDING • 2,286 SF
      35 Arnold St, Westfield, MA 01085
      View Details

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      21.5-Acre Westfield Industrial Land

      Prime Industrial Site, $3M, 250k+ SF Potential
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    Similar Nearby for Lease

    • $1,500 /Mo

      New ATM Location Available

      New ATM location alongside Dunkin' on Routes 10/202.
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    • Contact for pricing
      3,461 SF

      Retail Space in Westfield, MA

      Retail space available for lease in Westfield, Massachusetts.
      74-78 Franklin St, Westfield, MA 01085
      View Details
    • $500,000
      2,200 SF

      Retail Space on Elm Street

      Retail property available for rent in Westfield, Massachusetts.
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    • $14 SF/Yr
      1,800 SF

      Retail Space on Elm Street

      Retail space available for lease in Westfield, Massachusetts.
      271 Elm St, Westfield, MA 01085
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    • $695 /Mo

      High-Traffic Westfield Retail Space

      Retail space in a high-traffic, visible Westfield location.
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    • $1.00 SF/Yr

      Retail Space in Westfield, MA

      Prime retail space available for lease in Westfield, Massachusetts.
      74 Franklin St, Westfield, MA 01085
      View Details

    Property Visit Statistics

    • Visits by month
      8.9k
    • Visitors by month
      7.0k
    • Avg Time on site
      13 min
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    56 Main St
    Westfield, MA 01085
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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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