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Property profile & analytics
OFF-MARKET
Estimated value
$4,180,000
Commercial real estate
1201 Parker St 1219, Springfield, MA 01129-1031
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1372129
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Total area
24,614 SF
Lot
2.61 ac (113,796 SF)
Zoning code
B1
APN
SPRI S:09510 P:1366
UPID
US38-1372129
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
-
Family Dollar Discount Store
-
Amazon Locker - Hassam Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.05M
CAP Approach
CAP
$5.11M
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$4.18M
Owner & transaction history
Om Parker St Plaza LLC · 4 yrs held
Om Parker St Plaza LLC
since 2022
Last sale
$4.3M
6 recorded transactions
Zoning & alternative use
B1 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.0M
+105.8%
Auto repair, garage
$3.2M
+64.3%
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
$4,100,000
ML approach
$4,045,000
CAP Approach
CAP Return
Estimation
6%
$5,540,000
6.5%
$5,110,000
7%
$4,745,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,000,000
Change: +106% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,190,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$4.18M
Range $3.76M – $4.60M · ±10% · vs last sale $4.29M (Apr 7 2022)
Last sale anchor
$4.29M
Apr 7 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
$170 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$108,769
Tax year 2020
Assessed value
$3,324,300
Assessed 2023
Previous assessed
$3,324,300
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$1,004,800
Assessed improvement
$2,319,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1960
Heating
NONE
Buildings
2
Stories
1
Total area
24,614 SF
Lot
2.61 ac (113,796 SF)
Zoning code
B1
APN
SPRI S:09510 P:1366
UPID
US38-1372129
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
1
Buildings
2
Lot
2.61 ac
Current owner
From public records · entity-resolved
Om Parker St Plaza LLC
Entity
Mailing address
1201 PARKER ST #1219, SPRINGFIELD, MA 01129-1031
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
$4,289,500
Om Parker St Plaza LLC
Sims Enterprises LLC
Quit Claim Arm's Length For Ne States
$3,200,000 · Rockland Trust Co
Aug 18, 2017
—
Sims Ents LLC
—
Deed
related
$250,000 · Rosen Tr (pt)
Sep 22, 1997
—
Us Restaurant Prop T
—
Deed Of Trust
related
$95,000,000 · First American Bank
May 13, 1996
—
Us Restaurant Prop T
—
Deed Of Trust
related
$20,000,000 · Worth Funding INC
—
—
Sims Ents LLC
—
Deed Of Trust
related
$250,000 · Rosen Tr (pt)
—
—
Sims Ents LLC
—
Deed Of Trust
related
$2,120,000 · Country Bk
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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