Property profile

1032 Riverdale St West Springfield, MA 01089

OFF-MARKET
Motels
Property ID
US38-1854965
5,530 SF 0.43 ac lot Built 1955
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1955
Construction FRAME
Total area 5,530 SF
Lot 0.43 ac (18,861 SF)
APN WSPR M:00226 B:07500 L:000J1
UPID US38-1854965

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 Bed & Breakfast

Location

1032 Riverdale St West Springfield, MA 01089-4622
West Springfield metro Census 812202 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2015
4 recorded transactions
2015
$360,000
2007
$425,000
2005
$1
1989
$485,000

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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