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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office buildings
1260 Sumner Ave, Springfield, MA 01118-1768
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US38-0222270
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
2,352 SF
Lot
0.26 ac (11,530 SF)
Zoning code
B1
APN
SPRI S:11280 P:0225
UPID
US38-0222270
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
-
BKaye Home Solutions Real Estate Agency
-
BKaye Realty and Insurance Real Estate Agency
-
Bkaye Insurance Insurance Agency
-
Shirley Stephens Real Estate Agent Real Estate Agency
-
Erick Sykes, BKaye Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$515k
Owner & transaction history
Somers Rd Properties L · 11 yrs held
Somers Rd Properties L
since 2015
7 recorded transactions
Zoning & alternative use
B1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$495,000
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$219 / 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
$15,932
Tax year 2023
Assessed value
$437,700
Assessed 2023
Previous assessed
$437,700
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$113,800
Assessed improvement
$323,900
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
Heating
FORCED AIR
Buildings
1
Stories
2
Rooms
5
Bathrooms
1
Total area
2,352 SF
Lot
0.26 ac (11,530 SF)
Zoning code
B1
APN
SPRI S:11280 P:0225
UPID
US38-0222270
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.
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Stories
2
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Somers Rd Properties L
Entity
Mailing address
44 HARKNESS AVE, EAST LONGMEADOW, MA 01028-1016
Ownership since
2015
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 15, 2021
—
Somers Rd Prop LLC
—
Deed
related
$215,000 · Leon Blake
Jun 11, 2015
$418,800
Somers Rd Properties L
Vk Heritage LLC
Quit Claim Arm's Length For Ne States
$236,500 · Florence Savings Bank
Jul 16, 2013
$300,000
Vk Heritage LLC
Sellica,fredric P
Quit Claim Deed
$225,000 · Peoples Bank Holyoke
Jul 20, 2006
—
Frederik Rlty
—
Deed Of Trust
related
$275,000 · Mark R Draymore
Mar 25, 2005
—
Frederik Rlty
—
Deed Of Trust
related
$320,000 · United Bank
Oct 31, 2003
—
Frederic Rlty
—
Deed Of Trust
related
$115,000 · Draymore
May 1, 2003
$205,000
Frederic P Sellica
Jim Dandy Properties
Grant Deed
—
Dec 11, 1987
$1,157,500
Jim Dandy Properties
Kumiega,peter A
Grant Deed
$1,500,000 · Multibank Natl Wstnma
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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