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    Property profile & analytics

    700 State St Springfield, MA 01109-4108

    • Gas stations
    • 6,720 SF
    • 1.67 lot acres
    OFF-MARKET
    Value Estimation
    $1,495,000
    Last Sale
    Jan 14, 2022
    $1,571,300
    Location Intelligence
    Property ID
    US38-1789787
    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

    • Pride / Gas Station
    • Chester's Chicken / Chicken Restaurant
    • Pirka Hair / Hair Salon
    • AmpUp Charging Station / Electric Vehicle Charging Station

    Property Details for 700 State St

    Year built
    2020
    Lot size
    1.67 lot acres
    Property size
    6,720 SF
    Zone code
    B1
    Property type
    Gas stations
    APN
    SPRI S:11110 P:0141
    APU
    SPRIS11110P0141

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,450,000
      6.5%
      $1,530,000
      7%
      $1,530,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,705,000
      Geo Method
      $1,440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,150,000
      Retail
      $1,380,000
      Mixed-Use
      $1,375,000
      Hospitality
      $1,145,000
      Educational
      $1,530,000
      Residential Income
      $1,465,000
      Energy
      $1,370,000
      Income-Based Land
      $1,300,000
      Food Service
      $1,350,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5691
    Latitude
    42.1108
    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
    $71,144
    $828,500
    $1,126,000
    $1,954,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,048 SF

      575 Saint James Ave

      GAS STATION • 4,048 SF
      575 Saint James Ave, Springfield, MA 01109
      View Details
    • Value Estimation
      $460,000
      2,138 SF

      123 Boston Rd

      GAS STATION • 2,138 SF
      123 Boston Rd, Springfield, MA 01109
      View Details
    • Value Estimation
      $1,295,000
      4,200 SF

      1112 Bay St

      GAS STATION • 4,200 SF
      1112 Bay St, Springfield, MA 01109-2427
      View Details
    • Value Estimation
      $395,000
      2,010 SF

      437 Boston Rd

      GAS STATION • 2,010 SF
      437 Boston Rd, Springfield, MA 01109
      View Details
    • Value Estimation
      $1,505,000
      5,076 SF

      1110 Wilbraham Rd

      GAS STATION • 5,076 SF
      1110 Wilbraham Rd, Springfield, MA 01109-2082
      View Details
    • Value Estimation
      $535,000
      2,000 SF

      32 Boston Rd

      GAS STATION • 2,000 SF
      32 Boston Rd, Springfield, MA 01109-1702
      View Details

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    Similar Nearby for Lease

    • $1,950 /Mo
      1,400 SF

      Retail with Warehouse Space

      Retail space with office and warehouse in Springfield, MA.
      889 Alden St, Springfield, MA 01109
      View Details
    • $16 SF/Yr
      3,400 SF

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      Prime Springfield retail space, 3,400 sq ft.
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      View Details
    • Contact for pricing
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      Retail Space at High-Traffic Intersection

      Retail space available at a busy Springfield intersection.
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      View Details
    • $13 SF/Yr
      3,000 SF

      Restaurant/Retail Space Near Landmark

      Restaurant or retail space with existing infrastructure and parking.
      886-892 State St, Springfield, MA 01109
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru

      Retail space with drive-thru available in Springfield, Massachusetts.
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      View Details
    • $1.00 SF/Yr

      Commercial Space on State Street

      2600+ Sq Ft commercial space, ideal for various businesses.
      687 State A, Springfield, MA 01109
      View Details
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    700 State St
    Springfield, MA 01109-4108
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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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