COMMERCIAL PROPERTY RECORD CARD

CITY OF SPRINGFIELD

Situs: 158 CHESTNUT ST #1B Map ID: 027501010 Class: 347: Commercial Condominium Card: 1 of 1
Assessed Owner

JV PROPERTIES INC
PO BOX 71
WEST SPRINGFIELD MA 01090
General Information
 
Living Units:
 
  Neighborhood:   217
  Alternate:  
  Zoning:  
  Class:   COMMERCIAL

Photo
No photo available
Diagram
No diagram available
Assessment Information
  Assessed Appraised Cost Income Market
Land 0 0 0 0 0
Building 78,700 78,700 75,200 78,700 0
Total 78,700 78,700 75,200 78,700 0
 
Value Flag: INCOME APPROACH Manual Override Reason:
Entrance Information
Date ID Entry Code Source
Permit Information
Date Issued Number Price   Purpose % Complete
Sales/Ownership History
Transfer Date Price Type Validity Deed Ref. Deed Type Grantee
2012-10-31 28,000 BLDG ONLY VALID SALE 19525 / 242 JV PROPERTIES INC
Building Information
Year Built/Eff Year: 1990 /
Building #: 1
Structure Type: RETAIL CONDOMINIUM
Identical Units: 1
Total Units: 
Grade: C
# Covered Parking:  
# Uncovered Parking:  
DBA:  
Building Other Features
Line Type +/- Meas1 Meas2 # Stops Ident Units

Interior / Exterior Information
Line Level From -To Int Fin Area Perim
1 1 1 100 1,514 39
Use Type Wall Height Ext Walls Construction Partitions Heating Cooling Plumbing Physical Functional
RETAIL STORE 10 Brick Veneer FIRE RESISTANT NONE HOT AIR CENTRAL NORMAL 3 3
Interior/Exterior Valuation Detail
Line Area Use Type % Good % Complete Value/RCNLD
1 1,514     RETAIL STORE 52 0.00 115,710
Outbuilding Data
Line Type Yr Blt Meas1 Meas2 Qty Area Grade Condition
Income Detail (Includes all Buildings on Parcel)
Use Grp Mod Type Inc Mod Model Description Units Net Area Income Rate Econ Adjust Potential Gross Income
03 S 217 RETAIL 0 1,514 12.00 125 22,710
Vac Model Vac Adj Additional Income Effective Gross Income Expense Model % Expense Adj % Expense Adj Other Expenses Total Expenses Net Operating Income
20 0 0 18,168 50 0 0 9,084 9,084 9,084
Building Cost Detail - Building 1 of 1
Total Gross Bldg Area 1,514
Replace Cost New Less Depr115,710
% Complete 100
# Identical Units 1
Econ Conditions Factor 0
Final Building Value 115,710
Value per SF 76.43
Income Summary (Includes all Buildings on Parcel)
Total Net Income 9,084
Capitalization Rate 0.1154
Sub Total 78,720
Residual Land Value 0
Final Income Value 78,720
Total Net Rent Area 1,514
Total Gross Building Area 1,514

FY 2025 data: property descriptions as of June 30, 2024, and values as of January 1, 2024

Page last updated:  Saturday December 20, 2025 03:52:51 AM