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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office buildings
1190 Parker St, Springfield, MA 01129-1030
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1778518
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Total area
15,624 SF
Lot
0.49 ac (21,275 SF)
Zoning code
SC1B1
APN
SPRI S:09510 P:0610
UPID
US38-1778518
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
-
Covenant Health Insurance Financial Advisor Insurance Agency
-
William J. Metropoulos, OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$895k
Owner & transaction history
H&i Demir Realty LLC · 3 yrs held
H&i Demir Realty LLC
since 2022
Last sale
$920,000
4 recorded transactions
Zoning & alternative use
SC1B1 · 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
Method
Estimation
Statistic approach
$880,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $920k (Nov 2 2022)
Last sale anchor
$920k
Nov 2 2022
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
$57 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$21,418
Tax year 2023
Assessed value
$588,400
Assessed 2023
Previous assessed
$588,400
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$60,300
Assessed improvement
$528,100
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
1964
Heating
STEAM
Buildings
1
Stories
2
Rooms
4
Bathrooms
1
Total area
15,624 SF
Lot
0.49 ac (21,275 SF)
Zoning code
SC1B1
APN
SPRI S:09510 P:0610
UPID
US38-1778518
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SC1B1 · Springfield, MA
Zoning SC1B1 · permitted uses
SC1B1 · 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
1964
Heating
STEAM
Stories
2
Buildings
1
Rooms
4
Bathrooms
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
H&i Demir Realty LLC
Entity
Mailing address
1190 PARKER ST, SPRINGFIELD, MA 01129-1030
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2022
$920,000
H&i Demir Realty LLC
Norman A Thomas T
Warranty Deed
$621,000 · Velocity Commercial Capital LLC
Aug 28, 2003
$1
Norman Thomas
Thomas,jane N
Grant Deed
related
—
Jan 5, 1993
—
Norman E Thomas
—
Deed Of Trust
related
$81,775 · Richard S Thomas
Jun 30, 1992
$235,000
Richard S Thomas
Medamen Rlty Co
Grant Deed
$84,643 · Zwi Kohorn
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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