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    Property profile & analytics

    770 Bay St Springfield, MA 01109-2936

    • Turn key restaurants
    • 1,983 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $230,000
    Last Sale
    Dec 21, 2022
    $250,000
    Location Intelligence
    Property ID
    US38-1584453
    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

    • El Fogón de Yuyu Restaurant / Dominican Restaurant / Caribbean Restaurant
    • NEW YORK FRIED CHICKEN & PIZZA / Fast Food Restaurant

    Property Details for 770 Bay St

    Year built
    1970
    Lot size
    0.24 lot acres
    Property size
    1,983 SF
    Zone code
    B2
    Property type
    Turn key restaurants
    APN
    SPRI S:01085 P:0087
    APU
    SPRIS01085P0087

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $195,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $235,000
      Mixed-Use
      $240,000
      Hospitality
      $190,000
      Educational
      $195,000
      Residential Income
      $185,000
      Energy
      $245,000
      Income-Based Land
      $200,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5581
    Latitude
    42.1279
    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
    $7,069
    $37,700
    $156,500
    $194,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $195,000
      4,107 SF

      40-42 Berkshire Ave

      RESTAURANT • 4,107 SF
      40-42 Berkshire Ave, Springfield, MA 01109
      View Details
    • Value Estimation
      $295,000
      2,592 SF

      131 Boston Rd

      RESTAURANT • 2,592 SF
      131 Boston Rd, Springfield, MA 01109
      View Details
    • Value Estimation by Request
      2,280 SF

      1048 Wilbraham Rd

      RESTAURANT • 2,280 SF
      1048 Wilbraham Rd, Springfield, MA 01109
      View Details
    • Value Estimation
      $230,000
      2,147 SF

      1030 State St

      RESTAURANT • 2,147 SF
      1030 State St, Springfield, MA 01109-3132
      View Details
    • Value Estimation
      $435,000
      5,242 SF

      1530-1534 State St

      RESTAURANT • 5,242 SF
      1530-1534 State St, Springfield, MA 01109
      View Details
    • Value Estimation
      $300,000
      5,414 SF

      309 Berkshire Ave

      RESTAURANT • 5,414 SF
      309 Berkshire Ave, Springfield, MA 01109-1002
      View Details

    Similar Nearby for Sale

    • $725,000

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space with Drive-Thru

      Retail space with drive-thru available in Springfield, Massachusetts.
      Springfield, MA 01109
      View Details
    • $13 SF/Yr
      3,000 SF

      Restaurant/Retail Space Near Landmark

      Restaurant or retail space with existing infrastructure and parking.
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      View Details
    • $16 SF/Yr
      3,400 SF

      Springfield Retail Space - Alden St

      Prime Springfield retail space, 3,400 sq ft.
      883 Alden St, Springfield, MA 01109
      View Details
    • $1,950 /Mo
      1,400 SF

      Retail with Warehouse Space

      Retail space with office and warehouse in Springfield, MA.
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      View Details
    • Contact for pricing
      15,000 SF

      Retail Space at High-Traffic Intersection

      Retail space available at a busy Springfield intersection.
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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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    770 Bay St
    Springfield, MA 01109-2936
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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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