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.

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.

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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 price/sqft $4,683 $147 $30
Median price/sqft $61 $72 $19
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.

Supply United States Massachusetts Springfield
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
Aggregate units 1,546,740 42,992 359

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.

Debt United States Massachusetts Springfield
Number of mortgages 1,492,170 41,577 1,053
Average value of mortgages $15,166,382 $3,838,467 $5,593,935

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