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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Office buildings
117 Park Ave, West Springfield, MA 01089-3326
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-1078150
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
STEEL FRAME
Total area
21,774 SF
Lot
0.7 ac (30,448 SF)
APN
WSPR M:00422 B:00400 L:00027
UPID
US38-1078150
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
-
AdCare Outpatient Facility, Springfield Medical Clinic
-
Northpoint Mortgage, Inc. Loan Service Bank
-
Massachusetts MENTOR Social Service Agency Charitable Organization
-
Rondey Allen, LICSW Physician
-
Alternative Clean Energy LLC. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.04M
Owner & transaction history
Coyote Realty LLC · 12 yrs held
Coyote Realty LLC
since 2014
7 recorded transactions
Zoning & alternative use
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 West Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$48 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$49,915
Tax year 2024
Assessed value
$1,675,000
Assessed 2024
Previous assessed
$1,610,100
+4.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$123,300
Assessed improvement
$1,551,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
12
Bathrooms
2
Total area
21,774 SF
Lot
0.7 ac (30,448 SF)
APN
WSPR M:00422 B:00400 L:00027
UPID
US38-1078150
Jurisdiction
WEST SPRINGFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
12
Bathrooms
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Coyote Realty LLC
Entity
Mailing address
7 MOSHER ST, WEST SPRINGFIELD, MA 01089-2645
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2014
$1,580,000
Coyote Realty LLC
C&gc Realty LLC
Quit Claim Arm's Length For Ne States
$1,555,000 · Freedom Cu
Sep 9, 2009
—
C&gc Realty LLC
—
Deed Of Trust
related
$200,000 · Bank Of Western Massachusetts
Jun 30, 2004
$1,095,000
C&cg Realty LLC
Ritz Realty LLC
Grant Deed
—
Jun 30, 2004
—
C&gc Realty LLC
—
Deed Of Trust
related
$1,200,000 · Bank Of Western Massachusetts
Jun 30, 2004
$1
Ritz Realty LLC
Baldwin-massachusetts INC
Grant Deed
related
—
Apr 29, 2004
—
Richard Zampiceni
—
Deed Of Trust
related
$70,000 · United Bank
May 8, 2003
—
Richard Zampiceni
—
Deed Of Trust
related
$800,000 · Woronoco Savings Bank
Nov 21, 2000
—
Ritz Rlty LLC
—
Deed Of Trust
related
$90,000 · Park West Bank
Mar 31, 1999
$760,000
Ritz Rlty LLC
Baldwin Mass INC
Grant Deed
$608,000 · Park West Bank
Mar 31, 1999
—
Ritz Rlty LLC
—
Deed Of Trust
related
$100,000 · Park West Bank
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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