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Property profile & analytics
OFF-MARKET
Estimated value
$6,640,000
Office buildings
1 Carando Dr, Springfield, MA 01104-3211
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US38-1249960
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
36,112 SF
Lot
3.12 ac (136,081 SF)
Zoning code
I2
APN
SPRI S:02347 P:0040
UPID
US38-1249960
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
Current use
Occupant on record · Public records
-
Chimney Sweep & Repair Pro Springfield General Contractor Renovation Specialist
-
Complete Payroll Solutions Employment Agency Business Service Center
-
Specialized Home Care Social Service Agency Charitable Organization
-
FedEx Drop Box Postal Service Courier Service
-
Association For Community Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.16M
Comparable Approach
Comparable
$7.33M
Blend (final)
Blend
$6.64M
Owner & transaction history
Derf Rlty Corp · 28 yrs held
Derf Rlty Corp
since 1997
5 recorded transactions
Zoning & alternative use
I2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,840,000
6.5%
$8,160,000
7%
$7,575,000
Blend value · Realmo final
$6.64M
Range $5.98M – $7.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$184 / SF
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
$84,626
Tax year 2023
Assessed value
$2,324,900
Assessed 2023
Previous assessed
$2,324,900
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$262,000
Assessed improvement
$2,062,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Buildings
1
Stories
2
Rooms
7
Bathrooms
2
Total area
36,112 SF
Lot
3.12 ac (136,081 SF)
Zoning code
I2
APN
SPRI S:02347 P:0040
UPID
US38-1249960
Jurisdiction
SPRINGFIELD
Zoning & alternative use
I2 · Springfield, MA
Zoning I2 · permitted uses
I2 · 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
1988
Heating
FORCED AIR
Stories
2
Buildings
1
Rooms
7
Bathrooms
2
Lot
3.12 ac
Current owner
From public records · entity-resolved
Derf Rlty Corp
Entity
Mailing address
270 EXCHANGE ST, CHICOPEE, MA 01013-6404
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2013
—
Derf Realty Corp
—
Deed Of Trust
related
$4,000,000 · Country Bank
Aug 11, 2006
—
Derf Rlty Corp
—
Deed Of Trust
related
$1,000,000 · Peoples Bank Holyoke
Feb 12, 2003
—
Derf Rlty Corp
—
Deed Of Trust
related
$3,500,000 · Peoples Bank Holyoke
Oct 21, 1997
$4,350,000
Derf Rlty Corp
Springfld Business Ctr
Grant Deed
$3,300,000 · Mass Mutual Life Ins
Oct 21, 1997
—
Derf Rlty Corp
—
Deed Of Trust
related
$250,000 · Zenon Grzybowski
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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