Realmo Analytics

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Property profile

1004 Memorial Ave West Springfield, MA 01089

FOR LEASE
Auto shops
Property ID
US38-1081748
9,220 SF 0.7 ac lot Built 1947
Last sale Nov 2019 · $1,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This warehouse property includes 4,000 square feet of open interior space and features one drive-in door for vehicle access. The building was constructed in 1947 and is configured with exterior areas for parking and storage, supporting practical warehouse operations. Located at 1004 Memorial Ave in West Springfield, the property has highway access and offers ample on-site parking.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$14k
Tax billed · 2024
Assessed value$475k
Assessed land$154k
Assessed improvement$322k
Effective rate2.98%

Value estimate

· Nov 2026
$335k
$302k – $369k
AI approach$335k
NOI build-up
Gross scheduled income$33k
Vacancy & credit loss−$2k
Operating expenses−$5k
NOI · 2,594,100.00% cap applied$26k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$125/SF
County average, outlier-cleaned · 103 recorded sales of this use type
Observed band · Q1–Q3$64 – $202

Cap rate analysis

How does the asset earn?
2,594,100.00%
$26k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWEST SPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service9.7
Parking Facility9.4
Tailor Shop8.7

Location

1004 Memorial Ave West Springfield, MA 01089
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
685 Un, West Springfield, MA 01089-4116 $500,000 Oct 2024 5,018 SF
190 Day, West Springfield, MA 01089-3453 $115,000 Aug 2024 5,000 SF
414 Park, West Springfield, MA 01089-3302 $485,000 May 2024 4,200 SF
400 Main, West Springfield, MA 01089-3916 $250,000 May 2022 5,210 SF
180 Daggett, West Springfield, MA 01089-4667 $9,250,000 Nov 2021 22,140 SF
268 Park, West Springfield, MA 01089-4086 $630,000 Apr 2020 14,518 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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