Industrial property in Springfield
Search industrial property records in Springfield to find the property data you need. Reonomy provides the most comprehensive commercial real estate information available through the aggregation of commercial property records and data. Search through Springfield commercial property sales records, owner records and tax records. Signup for a free trial to uncover more information and search by filters including sales history, debt and owner.
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Popular searches around Springfield
Reonomy operates the most comprehensive database for Springfield Industrial Property and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Springfield commercial real estate professionals. Members from Springfield include brokers, investors and service providers, many of whom specialize in Springfield Industrial Property.
Springfield industrial property sold prices and values
The average assessed value of industrial properties in Springfield is $913,842. Industrial property sale prices in Springfield have a median of $325,000. The last 24 months of sales history has seen 35 sales, with 19 sales greater than $250,000, 5 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000. The average price per square foot of industrial properties in Springfield over the last 24 months is $19.
|Values and sold prices (last 24 months)||United States||Massachusetts||Springfield|
|Average sold price||$3,042,481||$2,902,247||$509,313|
|Median sold price||$483,716||$669,617||$325,000|
|Number of sales||72,315||1,604||35|
|Number of sales over $250k||46,640||1,168||19|
|Number of sales over $1m||25,241||653||5|
|Number of sales over $10m||4,187||104||--|
|Average total tax amount||$23,487||$39,359||$34,084|
|Average assessed value||$992,429||$1,765,962||$913,842|
|Average market value||$1,052,513||--||--|
Springfield industrial property property averages
The average lot size of industrial properties in Springfield is 43,036 sf. This is 43% below the Massachusetts average. The average building area is 23 sf and the median year built is 1958.
|Property averages||United States||Massachusetts||Springfield|
|Average lot size||379,916 sf||205,731 sf||130,571 sf|
|Median lot size||44,949 sf||67,212 sf||43,036 sf|
|Average building area||3,081 sf||113 sf||32 sf|
|Median building area||35 sf||38 sf||23 sf|
|Median year built||1979||1976||1958|
|Average number of units||8||3||2|
|Median number of units||--||--||--|
Springfield industrial property total supply
There are 566 industrial properties in Springfield. This is 189% below the Massachusetts average. The total acerage is 1,198 acres and the aggregate building area for industrial properties in Springfield is 8,488 sf.
|Number of parcels||1,166,402||20,962||566|
|Aggregate lot acerage||11,106,551||61,941||1,198|
|Aggregate building area||1,134,765,376 sf||1,226,126 sf||8,488 sf|
Springfield industrial property industrial mortgages
There are 1,053 mortgages for industrial properties across Springfield in the Reonomy database. The average value of those mortgages is $5,593,935. This is 37% above the Massachusetts average.
|Number of mortgages||1,492,170||41,577||1,053|
|Average value of mortgages||$15,166,382||$3,838,467||$5,593,935|