Property profile

106 Capital Dr West Springfield, MA 01089

OFF-MARKET
Motels
Property ID
US38-1617565
42,470 SF 2.29 ac lot Built 1988
Entity Owned 29-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1988
Construction STEEL FRAME
Total area 42,470 SF
Lot 2.29 ac (99,752 SF)
APN WSPR M:00177 B:01171 L:0078A
UPID US38-1617565

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

Location

106 Capital Dr West Springfield, MA 01089-1331
West Springfield metro Census 812202 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$1.17M

Owner & transaction history

since 1997
7 recorded transactions
2013
Price N/A
2006
Price N/A
2002
Price N/A
2002
Price N/A
1998
Price N/A
1997
$1.4M
1992
$982,600

Zoning & alternative use

Top alternative use upside
Medical building $1.9M +27.4%
Industrial (general) $1.8M +24.6%

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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