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COMMERCIAL PROPERTY RECORD CARD

CITY OF SPRINGFIELD
Situs: 579 STATE ST Map ID: 111100540 Class: 325: Small Retail And Service Stores Under 10 Card: 1 of 1
Assessed Owner

DIFRANCO REALTY INC TR
73 MARCI AVE
EAST LONGMEADOW MA 01028
General Information
 
Living Units:		  
  Neighborhood:   704
  Alternate:  
  Zoning:   B2
  Class:   COMMERCIAL
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Diagram
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Land Information
Type   Size   Influence Factors Influence % Value
PRIMARY SF 22,996   162,720
 
Total Acres: 0.5279
Assessment Information
  Assessed Appraised Cost Income Market
Land 162,700 162,700 162,700 162,700 0
Building 402,200 402,200 357,700 402,200 0
Total 564,900 564,900 520,400 564,900 0
 
Value Flag: INCOME APPROACH Manual Override Reason:
Entrance Information
Date ID Entry Code Source
2010-11-02 FG ESTIMATED FOR MISC REASON OTHER
Permit Information
Date Issued Number Price   Purpose % Complete
Sales/Ownership History
Transfer Date Price Type Validity Deed Ref. Deed Type Grantee
2025-05-01 330,000 LAND + BLDG VALID SALE 25847 / 233 DIFRANCO REALTY INC TR
2024-01-29 0 LAND + BLDG TO/FROM GOVERNMENT 25303 / 325 ONOTA REALTY LLC
2023-01-03 0 LAND + BLDG TO/FROM GOVERNMENT 24864 / 177 SPRINGFIELD CITY OF
2015-10-23 350,000 LAND + BLDG FAMILY SALE 20922 / 285 ONOTA REALTY LLC
2001-01-02 0 LAND + BLDG NO SALE PRICE 11464 / 0126 COLVEST/STATE STREET LLC
1998-09-30 0 LAND + BLDG REPOSSESSION 10467 / 0565 STATE STREET BANK AND TRUST CO
1986-04-03 200,000 LAND + BLDG 06050 / 0032 LYONS CHARLES F & SUSETTE D
1982-11-19 37,500 LAND + BLDG TO/FROM GOVERNMENT 05343 / 0269 GARVEY, THOMAS J.
Building Information
Year Built/Eff Year: 1965 /
Building #: 1
Structure Type: RETAIL SINGLE OCCUP
Identical Units: 1
Total Units: 
Grade: C
# Covered Parking:  
# Uncovered Parking:  
DBA:  
Building Other Features
Line Type +/- Meas1 Meas2 # Stops Ident Units
1 CANOPY ROOF/SLAB   120 1 1
1 ENCLOSED ENTRY   120 1 1

Interior / Exterior Information
Line Level From -To Int Fin Area Perim
1 01 01 100 3,535 266
2 B1 B1 0 1,015 137
3 01 01 100 1,932 130
Use Type Wall Height Ext Walls Construction Partitions Heating Cooling Plumbing Physical Functional
RETAIL STORE 10 Brick Veneer FIRE RESISTANT NORMAL HOT AIR UNIT NORMAL 4 3
SUPPORT AREA 8 none FIRE RESISTANT BELOW NORMAL NONE NONE NONE 3 3
RETAIL STORE 8 Brick Veneer FIRE RESISTANT BELOW NORMAL HOT AIR UNIT NORMAL 4 3
Interior/Exterior Valuation Detail
Line Area Use Type % Good % Complete Value/RCNLD
1 3,535     RETAIL STORE 40 0.00 214,520
2 1,015     SUPPORT AREA 34 0.00 13,630
3 1,932     RETAIL STORE 40 0.00 110,110
Outbuilding Data
Line Type Yr Blt Meas1 Meas2 Qty Area Grade Condition
1 PAVING ASPHALT PARKING 1965 0 1 15,000 NORMAL (Comm)
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
00 S 001 NO INCOME CONTRIBUTION 0 1,015 0.00 0
03 S 700 RETAIL 0 5,467 13.25 125 90,547
Vac Model Vac Adj Additional Income Effective Gross Income Expense Model % Expense Adj % Expense Adj Other Expenses Total Expenses Net Operating Income
0 0 0 0 0 0 0 0 0 0
10 0 0 81,492 20 0 0 16,298 16,298 65,194
Building Cost Detail - Building 1 of 1
Total Gross Bldg Area 6,482
Replace Cost New Less Depr338,260
% Complete 100
# Identical Units 1
Econ Conditions Factor 0
Final Building Value 338,260
Value per SF 52.18
Income Summary (Includes all Buildings on Parcel)
Total Net Income 65,194
Capitalization Rate 0.1154
Sub Total 564,940
Residual Land Value 0
Final Income Value 564,940
Total Net Rent Area 6,482
Total Gross Building Area 6,482

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

Page last updated:  Sunday December 21, 2025 07:27:46 AM