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Property profile & analytics
OFF-MARKET
Turn key restaurants
1146 State St 1152, Springfield, MA 01109-2729
Individually Owned
6-yr Hold
Free & Clear
Property ID
US38-1231855
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1910
Total area
4,000 SF
Lot
0.14 ac (5,998 SF)
Zoning code
B1
APN
SPRI S:11110 P:0223
UPID
US38-1231855
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
George M Palanjian · 6 yrs held
George M Palanjian
since 2019
5 recorded transactions
Zoning & alternative use
B1 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,009
Tax year 2023
Assessed value
$137,600
Assessed 2023
Previous assessed
$137,600
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$53,600
Assessed improvement
$84,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1910
Heating
STEAM
Buildings
1
Stories
1
Rooms
10
Bathrooms
3
Total area
4,000 SF
Lot
0.14 ac (5,998 SF)
Zoning code
B1
APN
SPRI S:11110 P:0223
UPID
US38-1231855
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B1 · Springfield, MA
Zoning B1 · permitted uses
B1 · Springfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Springfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Heating
STEAM
Stories
1
Buildings
1
Rooms
10
Bathrooms
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
George M Palanjian
Individual
Free & Clear · 6 yrs held
Mailing address
30 BARRY ST, FEEDING HILLS, MA 01030-2600
Ownership since
2019
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
Jul 17, 2019
—
George M Palanjian
Palanjian,gregory
Warranty Deed
related
—
Dec 15, 2004
$130,000
Gregory Palanjian
Santaniello,helen
Grant Deed
—
Apr 22, 2004
$75,000
Helen Santaniello
Fiore,james W
Grant Deed
—
Mar 23, 2000
$87,300
James W Fiore
Regan,james J
Grant Deed
—
Oct 6, 1997
$65,000
James J Regan
Belli,lena F
Grant Deed
$33,768 · Zenon Grzybowski
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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