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    Property profile & analytics

    940 Boston Rd Springfield, MA 01119-1316

    • Investment properties
    • 2,520 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $105,000
    Last Sale
    Dec 20, 2024
    $120,000
    Location Intelligence
    Property ID
    US38-0255373
    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

    • craftsmens corner / Leather Repair Service
    • Bellucci Real Estate Service / Property Management Company / Commercial Real Estate Agency
    • Monica Lee Leathers / Leather Goods Store
    • J&J GRANITE INC / Countertop Store
    • Hair by Harmony LLC / Hair Salon

    Property Details for 940 Boston Rd

    Year built
    2017
    Lot size
    0.09 lot acres
    Property size
    2,520 SF
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPRI S:01655 P:0169
    APU
    SPRIS01655P0169

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.5131
    Latitude
    42.1382
    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
    2017
    $2,602
    $51,600
    $239,000
    $290,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      14,768 SF

      1359 Wilbraham Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 14,768 SF
      1359 Wilbraham Rd, Springfield, MA 01119-2614
      View Details
    • Value Estimation by Request
      4,158 SF

      6 Bexhill St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,158 SF
      6 Bexhill St, Springfield, MA 01119-1202
      View Details
    • Value Estimation
      $330,000
      2,586 SF

      712 Boston Rd, Unit 722

      OFFICE/RESIDENTIAL (MIXED USE) • 2,586 SF
      712 Boston Rd, Springfield, MA 01119-1317
      View Details
    • Value Estimation
      $225,000
      3,163 SF

      1786 Wilbraham Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,163 SF
      1786 Wilbraham Rd, Springfield, MA 01119-2650
      View Details
    • Value Estimation
      $100,000
      4,418 SF

      762 Boston Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,418 SF
      762 Boston Rd, Springfield, MA 01119-1311
      View Details
    • Value Estimation
      $335,000
      2,372 SF

      1575 Wilbraham Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,372 SF
      1575 Wilbraham Rd, Springfield, MA 01119-2644
      View Details

    Similar Nearby for Sale

    • $675,000
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      Springfield Commercial Gem

      High-Traffic Retail/Office Space
      616 Boston Rd, Springfield, MA 01119
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      Mixed-Use Property in Springfield, MA

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      Prime Springfield Office Building

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      Springfield Retail Center Investment Opportunity

      High-traffic 7,600 SF retail space in Springfield, MA
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    • $3,850,000
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      Versatile Industrial Property in Springfield

      66,000 SF industrial property with multiple buildings and large yard.
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    • $525,000
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      Retail Property in Springfield, MA

      Retail property available for sale in Springfield, Massachusetts.
      616 Boston Rd, Springfield, MA 01119
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    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Retail Space on Boston Road

      Retail space available along a major retail corridor.
      1059-1083 Boston Rd, Springfield, MA 01119
      View Details
    • Contact for pricing
      2,445 SF

      Retail Space in Anchored Center

      Retail space available in Kohl’s-anchored shopping center.
      800 Boston Rd, Springfield, MA 01119
      View Details
    • $26 SF/Yr
      1,641 SF

      Springfield Retail/Office Space Available

      High-visibility space suitable for retail, office, or service-oriented businesses.
      1376 Boston Rd, Springfield, MA 01119
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on Boston Road

      Retail space available along major retail corridor near I-90.
      1157 Boston Rd, Springfield, MA 01119
      View Details
    • Contact for pricing
      8,000 SF

      Retail Pad Site Available

      Retail space for lease along major retail corridor.
      1101 Boston Rd, Springfield, MA 01119
      View Details
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    940 Boston Rd
    Springfield, MA 01119-1316
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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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