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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Banks
1 Pleasant St, Amherst, MA 01002-2233
Individually Owned
2-yr Hold
Free & Clear
Property ID
US38-1372211
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1969
Construction
STEEL FRAME
Total area
8,595 SF
Lot
0.24 ac (10,424 SF)
APN
AMHE M:0014A B:0000 L:0255
UPID
US38-1372211
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
-
Merrill Lynch Wealth Management Financial Advisor
-
IYA Sushi and Noodle Kitchen - Amherst Restaurant
-
Bank of America Financial Center Bank Loan Service
-
Bank of America ATM Atm
-
One East Pleasant Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$977k
Blend (final)
Blend
$735k
Owner & transaction history
Richard B Spurgin · 2 yrs held
Richard B Spurgin
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+10.6%
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 Amherst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amherst 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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$950,000
Current use
COMMERCIAL (GENERAL)
$1,055,000
Change: +11% · Conversion: Difficult
RESTAURANT
$950,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$930,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$845,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$86 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,148
Tax year 2024
Assessed value
$2,006,900
Assessed 2024
Previous assessed
$2,006,900
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$256,500
Assessed improvement
$1,750,400
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Rooms
15
Bathrooms
6
Total area
8,595 SF
Lot
0.24 ac (10,424 SF)
APN
AMHE M:0014A B:0000 L:0255
UPID
US38-1372211
Jurisdiction
AMHERST
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$930,000
RETAIL STORES
Est. value
$845,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Rooms
15
Bathrooms
6
Lot
0.24 ac
Current owner
From public records · entity-resolved
Richard B Spurgin
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 32547, CHARLOTTE, NC 28232-2547
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2024
—
Richard B Spurgin
Richard B Spurgin
Quitclaim Deed
related
—
Apr 9, 2024
$218,000
Yg Pleasant LLC
Richard B Spurgin
Deed
—
Aug 19, 1993
$1,296,400
Fleet Bk Of Mass NA
Fdic
Grant Deed
related
—
Mar 16, 1988
—
Douglas R Gagnon
—
Deed Of Trust
related
$10,000 · Heritage/nis Bkforsvg
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.
Try Rey
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