Property profile

1011 Riverdale St West Springfield, MA 01089

OFF-MARKET
Motels
Property ID
US38-1852608
53,312 SF 2.46 ac lot Built 1989
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Corporate Office

Location

1011 Riverdale St West Springfield, MA 01089-4614
West Springfield metro Census 812201 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
Last sale
$9.5M
5 recorded transactions
2024
$9.5M
2022
Price N/A
2016
Price N/A
2006
$9.8M
1998
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $5.7M +209.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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