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Property profile & analytics
OFF-MARKET
Parking lots & garages
12 Hamburg St Springfield, MA 01107-1327
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-2074265
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1908
Total area
1,028 SF
Lot
0.15 ac (6,403 SF)
Zoning code
SC2B1
APN
SPRI S:06200 P:0004
UPID
US38-2074265
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
-
Kens' Eyewear Inc Ophthalmologist (Bike/Boat/Book/etc) Store
-
Mc Gillicuddy Kim OD Physician
-
Valley Eyecare Eye Care Center
-
Opti-Kraft Laboratories Medical Supply Store
-
Eileen Cak's Supplies & More Production Facility Food Processing Plant
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
2 Kens LLC · 7 yrs held
2 Kens LLC
since 2019
7 recorded transactions
Zoning & alternative use
SC2B1 · 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
$1,722
Tax year 2023
Assessed value
$47,300
Assessed 2023
Previous assessed
$47,300
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$41,800
Assessed improvement
$5,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1908
Heating
NONE
Buildings
1
Stories
2
Rooms
6
Bathrooms
2
Total area
1,028 SF
Lot
0.15 ac (6,403 SF)
Zoning code
SC2B1
APN
SPRI S:06200 P:0004
UPID
US38-2074265
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SC2B1 · Springfield, MA
Zoning SC2B1 · permitted uses
SC2B1 · 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
1908
Heating
NONE
Stories
2
Buildings
1
Rooms
6
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
2 Kens LLC
Entity
Mailing address
29 WEBSTER ST, SPRINGFIELD, MA 01104-3797
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2019
—
2 Kens LLC
Forni,kenneth A
Quit Claim Deed
related
—
Jun 20, 2007
—
Kenneth A Forni
—
Deed Of Trust
related
$100,000 · Newalliance Bank
Apr 26, 2007
—
Kenneth A Forni
—
Deed Of Trust
related
$76,000 · Newalliance Bank
Mar 31, 2004
—
Kenneth A Forni
—
Deed Of Trust
related
$75,000 · West Bank
May 14, 1993
—
Kenneth A Forni
—
Deed Of Trust
related
$125,000 · Park West Bank
Mar 9, 1992
$45,000
Kenneth D Gaspar
Desousa,heliodoro
Grant Deed
$30,000 · Zenon Grzybowski
Jul 30, 1990
—
Kenneth A Forni
—
Deed Of Trust
related
$146,365 · Multibank National Western Ma
Feb 22, 1990
—
Kenneth D Gaspar
—
Deed Of Trust
related
$94,000 · Multibank National Western Ma
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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