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Property profile & analytics
OFF-MARKET
Estimated value
$9,500,000
Motels
1011 Riverdale St, West Springfield, MA 01089-4614
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1852608
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Construction
STEEL FRAME
Total area
53,312 SF
Lot
2.46 ac (107,158 SF)
APN
WSPR M:00226 B:07125 L:0076A
UPID
US38-1852608
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
-
Hampton Inn West Springfield Hotel & Motel
-
Welcome Group Inc | Hotel Groups Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.50M
Owner & transaction history
Lnd West Springfield LLC · 1 yrs held
Lnd West Springfield LLC
since 2024
Last sale
$9.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.7M
+209.4%
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 West Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$9,500,000
ML approach
$9,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,735,000
Change: +209% · Conversion: Difficult
Blend value · Realmo final
$9.50M
Range $8.55M – $10.45M · ±10% · vs last sale $9.50M (Aug 30 2024)
Last sale anchor
$9.50M
Aug 30 2024
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
$178 / 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
$156,662
Tax year 2024
Assessed value
$5,257,100
Assessed 2024
Previous assessed
$5,257,100
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$1,302,000
Assessed improvement
$3,955,100
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
125
Total area
53,312 SF
Lot
2.46 ac (107,158 SF)
APN
WSPR M:00226 B:07125 L:0076A
UPID
US38-1852608
Jurisdiction
WEST SPRINGFIELD
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
RESTAURANT
Est. value
$5.7M
RESTAURANT
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
1989
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
125
Lot
2.46 ac
Current owner
From public records · entity-resolved
Lnd West Springfield LLC
Entity
Mailing address
1011 RIVERDALE ST, WEST SPRINGFIELD, MA 01089-4614
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
$9,500,000
Lnd West Springfield LLC
Springfield Welcome LLC
Warranty Deed
$7,020,000 · Country Bank
Dec 14, 2022
—
Springfield Welcome LLC
—
Deed
related
$8,000,000 · Country Bank
May 19, 2016
—
Springfield Welcome Ll
—
Deed
related
$25,250,000 · Citigroup Global Mkts
Jul 25, 2006
$9,800,000
Springfield Welcome LLC
Winston Manager Corp
Grant Deed
$8,175,000 · Morgan Stanley Dean
Nov 10, 1998
—
Winston Spe LLC
—
Deed Of Trust
related
$71,000,000 · Worth Funding INC
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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