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Property profile & analytics
OFF-MARKET
Retail space
1163 Main St, Springfield, MA 01103-2112
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-1463966
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1899
Total area
8,616 SF
Lot
0.09 ac (3,859 SF)
Zoning code
B3
APN
SPRI S:08130 P:0570
UPID
US38-1463966
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
Current use
Occupant on record · Public records
-
The Law offices of Perman Glenn III: Patti G Glenn Law Firm
-
Cedar Buys Houses Real Estate Agency
-
Perman Glenn III Law Office: Glenn III Perman Law Firm
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
Springfield Redevautho · 1 yrs held
Springfield Redevautho
since 2025
Last sale
$265,000
5 recorded transactions
Zoning & alternative use
B3 · 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
$21,618
Tax year 2023
Assessed value
$593,900
Assessed 2023
Previous assessed
$593,900
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$75,300
Assessed improvement
$518,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1899
Heating
ELECTRIC
Buildings
1
Stories
2
Rooms
16
Bathrooms
3
Total area
8,616 SF
Lot
0.09 ac (3,859 SF)
Zoning code
B3
APN
SPRI S:08130 P:0570
UPID
US38-1463966
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B3 · Springfield, MA
Zoning B3 · permitted uses
B3 · 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
1899
Heating
ELECTRIC
Stories
2
Buildings
1
Rooms
16
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Springfield Redevautho
Individual
Free & Clear · 1 yrs held
Mailing address
12 HANNOUSH DR, WEST SPRINGFIELD, MA 01089-4467
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 30, 2025
$700,000
Springfield Redevautho
Cedar Green LLC
Deed
—
Jul 23, 2008
—
Ahap LLC
—
Deed Of Trust
related
$229,916 · United Bank
May 30, 2003
$265,000
Ahap LLC
Goldstein,arnold H
Grant Deed
$212,000 · Wylie C Hubbard
Jul 17, 1998
—
Arnold H Goldstein
—
Deed Of Trust
related
$261,000 · Bank Of Western Massachusetts
Jun 4, 1987
—
Arnold H Goldstein
—
Deed Of Trust
related
$345,000 · Baybank Valley Trust
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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