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Financial
Distress signals
Property profile

848 E Elm St West Springfield, MA 01089

FOR LEASE
Warehouses
Property ID
US38-1122946
4,500 SF 0.62 ac lot Built 1970
Last sale Aug 1999 · $175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 27-yr Hold Held for 27 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 4,500-square-foot commercial property in West Springfield, Massachusetts, offers a unique blend of office and industrial space, ideal for a variety of businesses. Situated on a one-acre lot at 848 Elm Street, this single-tenant building boasts 18-foot ceilings in the rear warehouse area, perfect for storage or manufacturing. Two 12' x 12' drive-in doors provide easy access for loading and unloading. The front of the building features office space, ready for tenant build-out to…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$11k
Tax billed · 2024
Assessed value$353k
Assessed land$119k
Assessed improvement$234k
Effective rate2.98%

Value estimate

· Oct 2026
$300k
$270k – $330k
AI approach$300k
NOI build-up
Gross scheduled income$37k
Vacancy & credit loss−$2k
Operating expenses−$10k
NOI · 457.77% cap applied$24k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$51/SF
County average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$24 – $64

Cap rate analysis

How does the asset earn?
457.77%
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWEST SPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.6
Spa & Massage15.1
Building Supply13.4

Location

848 E Elm St West Springfield, MA 01089
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
97 Circuit, West Springfield, MA 01089 $450,000 Jan 2026 5,374 SF
158 Doty, West Springfield, MA 01089-1375 $1,707,850 Sep 2024 5,100 SF
820 Un, West Springfield, MA 01089-4117 $175,000 Mar 2022 3,170 SF
130 Doty, West Springfield, MA 01089-1310 $560,000 Feb 2022 7,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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