Property profile

1043 Sumner Ave Springfield, MA 01118

OFF-MARKET
Investment properties
Property ID
US38-1858489
5,940 SF 0.11 ac lot Built 1930
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1930
Total area 5,940 SF
Lot 0.11 ac (5,001 SF)
Zoning code OS
APN SPRI S:11280 P:0330
UPID US38-1858489

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1043 Sumner Ave Springfield, MA 01118-2149
Springfield metro Census 802500 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2017
2 recorded transactions
2017
$123,795
2015
$50,023

Zoning & alternative use

OS · Springfield, MA
Zoning description

uilding), shall not require any approvals under this ordinance. Article 4 Use Regulations Page 75 Table 4-4 Use Table USE Residential Districts Commercial & Business Districts Industrial Districts Additional Regulations…

General category OPEN_SPACE

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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