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    Property profile & analytics

    98 Franklin St Westfield, MA 01085-2236

    • Investment properties
    • 3,292 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $215,000
    Location Intelligence
    Property ID
    US38-0128145
    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

    • Investment properties

    Property Details for 98 Franklin St

    Year built
    1907
    Construction
    BRICK
    Lot size
    0.22 lot acres
    Property size
    3,292 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WFLD M:61 L:38
    APU
    WFLDM61L38

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.7558
    Latitude
    42.1259
    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
    $0.00
    $32,900
    $271,200
    $304,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      6,480 SF

      120 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,480 SF
      120 Elm St, Westfield, MA 01085-2918
      View Details
    • Value Estimation
      $230,000
      2,889 SF

      22 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,889 SF
      22 Elm St, Westfield, MA 01085-2904
      View Details
    • Value Estimation
      $375,000
      3,601 SF

      53 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,601 SF
      53 Elm St, Westfield, MA 01085-9205
      View Details
    • Value Estimation
      $50,000
      2,340 SF

      26 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,340 SF
      26 Elm St, Westfield, MA 01085-1620
      View Details
    • Value Estimation
      $710,000
      4,314 SF

      16 Elm St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,314 SF
      16 Elm St, Westfield, MA 01085-1655
      View Details
    • Value Estimation
      $125,000
      3,696 SF

      34 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,696 SF
      34 Franklin St, Westfield, MA 01085-2295
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      View Details
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    98 Franklin St
    Westfield, MA 01085-2236
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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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