429 MemorialWest Springfield, MA 01089

  • Turn key restaurants
  • 4,850 SF
Off market
$13,460,060 Estimated

Property Details for 429 Memorial

Year built
1987
Construction
STEEL FRAME
Lot size
1.34 AC
Property size (Sq ft)
4,850 SF
Property type
Turn key restaurants
APN
WSPR M:00371 B:14850 L:000N3
APU
WSPRM00371B14850L000N3

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $917,465
    6.5%
    $846,891
    7%
    $786,399
  • Comparable approach

    Method
    Valuation
    Relative Method
    $659,049
    Geo Method
    $659,049
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,651,520
    Mixed-Use / Specialty
    $843,872
    Hospitality / Lodging
    $619,122
    Office
    $838,858
    Institutional / Educational
    $877,286
    Residential Income
    $1,026,430
    Multifamily
    $1,231,040
    Automotive / Energy
    $751,960
    Parking / Income-Based Land
    $259,492
    Restaurant / Food Service
    $438,904
    Healthcare / Senior Housing
    $865,375

Location Insight

City
West Springfield
County
Hampden
State
Massachusetts
Latitude
42.0956
Longitude
-72.6038
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
$37,774
$241,600
$1,026,000
$1,267,600
-
-
-
-

Property Visit Statistics

  • Visits by month
    35.5k
  • Visitors by month
    22.1k
  • Avg Time on site
    13 min

FAQs

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