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Property profile & analytics
OFF-MARKET
Retail space

1244 Boston Rd Springfield, MA 01119-1343

4,740 SF 1.03 ac lot Built 1970
Individually Owned 26-yr Hold ~ Est. High Equity
Property ID
US38-1493510
Property summary
AI-generated overview

This exceptional Class A, 4,800 square foot storefront, located at 1244 Boston Rd in Springfield, Massachusetts (APN 016550232), presents a compelling investment opportunity. The property is currently 100% occupied by a Mattress Firm under an absolute NNN lease with approximately three years remaining until November 29, 2027. The lease boasts a strong history, with the tenant occupying the space for over two decades. The building features a recently installed new roof and benefits from excellent street frontage and high visibility on a busy retail thoroughfare. The property offers a 6.00% cap rate, with a current NOI of $86,112 and a pro-forma NOI of $86,062. The asking price is $1,425,000, translating to a price per square foot of $296.88. This fee-simple ownership opportunity provides a stable, high-yield investment in a desirable retail location. The single-story building is situated in Hampden County, MA, zip code 01119. This is a rare chance to acquire a well-established, profitable retail property with a long-term tenant and significant upside potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1970
Total area 4,740 SF
Lot 1.03 ac (44,662 SF)
Zoning code SR1B1
APN SPRI S:01655 P:0232
UPID US38-1493510
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
  • Mattress Firm Springfield Furniture & Home Goods
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
20 Color Tile Route · 26 yrs held
20 Color Tile Route
since 1999
4 recorded transactions
2020
Price N/A
2010
Price N/A
2005
Price N/A
1999
$296,000
Zoning & alternative use
SR1B1 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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