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Property profile & analytics

645 Belmont Ave Springfield, MA 01108-2440

  • Office buildings
  • 2,820 SF
  • 0.14 lot acres
OFF-MARKET
Last Sale
Aug 30, 2024
$318,000
Value Estimations
$345,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US38-0819987
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

  • Knight Real Estate / Real Estate Agency

Property Details for 645 Belmont Ave

Year built
1905
Lot size
0.14 lot acres
Property size
2,820 SF
Zone code
C1
Property type
Office buildings
APN
SPRI S:01235 P:0238
APU
SPRIS01235P0238

Description

This exceptional Springfield, Massachusetts warehouse at 645 Belmont Ave presents a unique investment opportunity. The property boasts a substantial 220,800 square feet of total building space, with 3,000 square feet currently vacant and available for lease. Built in 1905, this three-story structure sits on a 0.14-acre lot and is zoned C1, offering considerable flexibility for a variety of commercial uses. The building features ten total parking spaces, providing ample convenience for tenants and visitors. The property's location in Hampden County, with its high traffic count and excellent visibility, makes it ideal for businesses seeking strong exposure. The existing infrastructure includes two full bathrooms, gas heat, and central air conditioning, ensuring a comfortable and functional workspace. The building is exceptionally well-maintained and suitable for a wide range of businesses, including professional offices, medical practices, service providers, retail outlets, social services, and educational institutions. The vacant space is currently available for lease at a competitive rate. The property's Assessed Parcel Number (APN) is S:01235 P:0238. This is a single-tenant building offering a rare opportunity to acquire a well-located, established warehouse in a thriving commercial area. Don't miss this chance to secure a valuable asset in a prime Springfield location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $320,000
    ML approach
    $320,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $421,000
    Market price range: $87.6k - $562k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Springfield
County
Hampden
State
Massachusetts
Longitude
-72.5544
Latitude
42.0858
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
$7,819
$59,600
$161,200
$220,800
-
$0.00
$0.00
$0.00
More about this property
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