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    7 Springfield St, Unit 19 Agawam, MA 01001-1521
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    Property profile & analytics

    7 Springfield St, Unit 19, Agawam, MA 01001-1521

    View on Map
    • Super regional malls
    • 33,886 SF
    • 3.11 lot acres
    Off-Market
    Property ID
    US38-0399094
    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.
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Super regional malls

    Property Details for 7 Springfield St

    Year built
    1960
    Construction
    STEEL FRAME
    Lot size
    3.11 lot acres
    Zone code
    BA
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    AGAW M:0J15 B:0004 L:1
    APU
    AGAWM0J15B0004L1

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 29, 2025 — Frp Holdings Agawam LLC — Deed · related $1.5M · New Valley Bank & Trust
    Aug 25, 2015 $2,900,000 Frp Holdings Agawam LLC Cook Associates INC Warranty Deed $2.3M · United Bank
    Apr 30, 1999 — Cook Assocs INC — Deed Of Trust · related $775k · Citizens Bank Of Ct
    Dec 10, 1996 — Cook Assoc INC — Deed Of Trust · related $119k · Grey Rock Hldg Corp
    May 18, 1992 — Cook Assocs INC — Deed Of Trust · related $1.2M · Marian M Cook
    Jul 5, 1989 — Cook Assocs INC — Deed Of Trust · related $3.2M · Burritt Intrafinancial Banc

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $725,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,274,000
      Market price range: $502k - $1.68M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $950,000
      Current use
      MEDICAL BUILDING
      $1,500,000
      Change: +58% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,445,000
      Change: +52% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Agawam
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.628
    Latitude
    42.0889
    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
    $95,792
    $536,100
    $2,942,200
    $3,478,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $525,000
      14,214 SF

      1 Brg St

      REGIONAL SHOPPING CENTER, MALL
      1 Brg St, Agawam, MA 01001-1201
      View Details
    • Value Estimation by Request
      15,772 SF

      53-57 Springfield St

      REGIONAL SHOPPING CENTER, MALL
      53-57 Springfield St, Agawam, MA 01001
      View Details
    • Value Estimation
      $725,000
      24,564 SF

      430 Main St

      REGIONAL SHOPPING CENTER, MALL
      430 Main St, Agawam, MA 01001-1872
      View Details
    • Value Estimation
      $1,225,000
      62,363 SF

      63 Springfield St, Unit 79

      REGIONAL SHOPPING CENTER, MALL
      63 Springfield St, Agawam, MA 01001-1505
      View Details
    • Value Estimation
      $1,395,000
      16,075 SF

      365 Walnut St Ext, Unit 385

      REGIONAL SHOPPING CENTER, MALL
      365 Walnut St Ext, Agawam, MA 01001-1523
      View Details
    • Value Estimation by Request

      29 Mansion Woods Dr, Unit G29

      RESIDENTIAL PARKING GARAGE
      29 Mansion Woods Dr, Agawam, MA 01001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      69,140 SF

      Agawam Retail Opportunity For Sale

      69,140 SF commercial property on 4.38 acres in Agawam.
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      Pending

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      Agawam Industrial Park Opportunity

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      Flex Warehouse with Showroom

      Flex space with overhead door access, front showroom, and private offices plus on-site parking.
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    Similar Nearby for Lease

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      1,300 SF

      Historic Building Office/Retail Space

      Character-rich 1300 sq ft space suitable for office or retail.
      23 Southwick St, Feeding Hills, MA 01001
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    • Contact for pricing

      Retail Space in Crossroads Mall

      Second floor retail space available for rent in Feeding Hills.
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      Retail/Office Space in Busy Mall

      Retail or office space available in a busy strip mall.
      371 Walnut Street Ext, Agawam, MA 01001
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      4,600 SF

      Retail/Office Space Near Route 57

      Retail or office space available near Route 57 rotary.
      540-584 Meadow Street Ext, Agawam, MA 01001
      View Details
    • Contact for pricing

      Agawam Commercial Space For Rent

      Versatile commercial space in Agawam with showroom and warehouse.
      1443 Main St, Agawam, MA 01001
      View Details
    • Contact for pricing

      Agawam Retail/Restaurant Space Available

      Commercial retail or restaurant space for lease in Agawam.
      69 Springfield St, Agawam, MA 01001
      View Details

    Property Visit Statistics

    • Visits by month
      20.9k
    • Visitors by month
      15.6k
    • Avg Time on site
      14 min
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    Agawam, MA 01001-1521
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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