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Property profile & analytics
OFF-MARKET
Medical Office Space
534 Sumner Ave, Springfield, MA 01108-2458
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US38-1670830
Property summary
AI-generated overview
This fee-simple, stabilized investment property located at 534 Sumner Ave, Springfield, MA 01108, offers a compelling opportunity. The single-story, 9,300 square foot traditional office building, built in 1942, sits on a 23,087 square foot lot and boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $108,816. The asking price is $2,000,000, representing a 5.44% cap rate and a price per square foot of $215.05. The property is zoned Sc1B1 and benefits from its convenient location near Route 91 and the Julia B. Buxton Bridge, providing excellent access to major transportation routes. The building is surrounded by various neighborhood retail amenities and is served by several bus lines (G1, G5, T1, T2, & T92), enhancing its accessibility. This multi-tenant property operates under a gross lease structure. The property's strong performance and strategic location make it an attractive investment opportunity. The property's APN is SPRI-011280-000000-000103.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1942
Total area
9,300 SF
Lot
0.53 ac (23,074 SF)
Zoning code
SC1B1
APN
SPRI S:11280 P:0103
UPID
US38-1670830
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gulmohur 546 Sumner Corp · 20 yrs held
Gulmohur 546 Sumner Corp
since 2006
2 recorded transactions
Zoning & alternative use
SC1B1 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,456
Tax year 2023
Assessed value
$946,600
Assessed 2023
Previous assessed
$946,600
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$217,700
Assessed improvement
$728,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1942
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
15
Bathrooms
3
Total area
9,300 SF
Lot
0.53 ac (23,074 SF)
Zoning code
SC1B1
APN
SPRI S:11280 P:0103
UPID
US38-1670830
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SC1B1 · Springfield, MA
Zoning SC1B1 · permitted uses
SC1B1 · Springfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
15
Bathrooms
3
Lot
0.53 ac
Current owner
From public records · entity-resolved
Gulmohur 546 Sumner Corp
Entity
Mailing address
6 WOODSTOCK CT, OYSTER BAY, NY 11771-4607
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2006
$1,073,274
Gulmohur 546 Sumner Corp
Springfield Assoc
Grant Deed
$367,250 · Springfield Assoc
May 2, 2003
—
Christopher Goldsmith
—
Deed Of Trust
related
$596,000 · Bank Of Western Massachusetts
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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