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Financial
Distress signals
Property profile

101 Wason Ave Springfield, MA 01107

FOR LEASE
Medical Office Space
Property ID
US38-2145515
48,222 SF 2.59 ac lot Built 2013
Last sale Dec 2017 · $12,387,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 101 Wason Avenue in Springfield, Massachusetts includes two levels of office space: approximately 3,460 square feet on the second floor and approximately 15,431 square feet on the third floor. The space is fully built out for office use and features approximately 18 private offices, an open office area, two conference rooms, a kitchenette, and a waiting area. It is situated with convenient access to major highways, including the Massachusetts Turnpike (Route 90), and includes dedicated parking for tenants and visitors.

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 · 2023

What does the county charge?
$374k
Tax billed · 2023
Assessed value$10.26M
Assessed land$769k
Assessed improvement$9.49M
Effective rate3.64%

Value estimate

· Oct 2026
$1.95M
$1.75M – $2.14M
NOI build-up
Gross scheduled income$205k
Vacancy & credit loss−$31k
Operating expenses−$44k
NOI · 817,593.75% cap applied$131k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
817,593.75%
$131k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
I2
JurisdictionSPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency35.5
Building Supply22.0
Hair Salon19.4

Location

101 Wason Ave Springfield, MA 01107
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

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

Comparables

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3550 Main, Springfield, MA 01107-1089 $19,500,000 Feb 2022 34,778 SF
3640 Main, Springfield, MA 01107-1145 $23,900,000 Feb 2022 126,884 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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