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    Property profile & analytics

    56 Mulberry St Springfield, MA 01105-1410

    • Investment properties
    • 4,913 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Last Sale
    Nov 30, 2021
    $289,500
    Location Intelligence
    Property ID
    US38-0995554
    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

    • Davis Cynthia M / Counselor
    • Dr. David Ciampi / Counselor / Practitioner Service Location

    Property Details for 56 Mulberry St

    Year built
    1890
    Lot size
    0.07 lot acres
    Property size
    4,913 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPRI S:08885 P:0014
    APU
    SPRIS08885P0014

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $295,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $265,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $275,000
      Mixed-Use
      $260,000
      Hospitality
      $335,000
      Educational
      $305,000
      Residential Income
      $335,000
      Energy
      $335,000
      Income-Based Land
      $310,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5789
    Latitude
    42.1018
    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
    2021
    $4,676
    $23,400
    $225,000
    $248,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $385,000
      7,870 SF

      3 Ames Hl Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 7,870 SF
      3 Ames Hl Dr, Springfield, MA 01105-1420
      View Details
    • Value Estimation
      $395,000
      3,692 SF

      178 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,692 SF
      178 Maple St, Springfield, MA 01105-8106
      View Details
    • Value Estimation
      $350,000
      20,604 SF

      557 Worthington St

      OFFICE/RESIDENTIAL (MIXED USE) • 20,604 SF
      557 Worthington St, Springfield, MA 01105-1707
      View Details
    • Value Estimation
      $250,000
      7,384 SF

      88 12th William St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,384 SF
      88 12th William St, Springfield, MA 01105-2347
      View Details
    • Value Estimation
      $335,000
      3,200 SF

      69 Winter St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,200 SF
      69 Winter St, Springfield, MA 01105-2326
      View Details
    • Value Estimation
      $225,000
      7,200 SF

      818 Worthington St, Unit 824

      OFFICE/RESIDENTIAL (MIXED USE) • 7,200 SF
      818 Worthington St, Springfield, MA 01105-1115
      View Details

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    56 Mulberry St
    Springfield, MA 01105-1410
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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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