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
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| General Information |
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Living Units: |
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Neighborhood: |
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217 |
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Alternate: |
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Zoning: |
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Class: |
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COMMERCIAL
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Assessment Information |
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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 |
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| Value Flag: INCOME APPROACH |
Manual Override Reason: |
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Entrance Information |
| Date |
ID |
Entry Code |
Source |
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Permit Information |
| Date Issued |
Number |
Price |
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Purpose |
% Complete |
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Sales/Ownership History |
| Transfer Date |
Price |
Type |
Validity |
Deed Ref. |
Deed Type |
Grantee |
| 2012-10-31 |
28,000 |
BLDG ONLY |
VALID SALE |
19525 / 242 |
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JV PROPERTIES INC |
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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: | | |
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Building Other Features |
| Line |
Type |
+/- |
Meas1 |
Meas2 |
# Stops |
Ident Units |
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Interior / Exterior Information |
| Line |
Level From |
-To |
Int Fin |
Area |
Perim |
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| 1 |
1 |
1 |
100 |
1,514 |
39 |
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| 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 |
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Interior/Exterior Valuation Detail |
| Line |
Area |
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Use Type |
% Good |
% Complete |
Value/RCNLD |
| 1 |
1,514 |
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RETAIL STORE |
52 |
0.00 |
115,710 |
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Outbuilding Data |
| Line |
Type |
Yr Blt |
Meas1 |
Meas2 |
Qty |
Area |
Grade |
Condition |
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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 |
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| 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 |
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Building Cost Detail - Building 1 of 1 |
| Total Gross Bldg Area | 1,514 |
| Replace Cost New Less Depr | 115,710 |
| % Complete | 100 |
| # Identical Units | 1 |
| Econ Conditions Factor | 0 |
| Final Building Value | 115,710 |
| Value per SF | 76.43 |
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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 |
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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