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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Showrooms
136 Nursery St Springfield, MA 01104-2325
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0221604
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1925
Total area
8,308 SF
Lot
0.47 ac (20,421 SF)
Zoning code
B2
APN
SPRI S:09170 P:0024
UPID
US38-0221604
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
-
Dino's Auto Auto Repair Shop Vehicle Inspection Center
-
Faith Auto repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$745k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$527k
Blend (final)
Blend
$790k
Owner & transaction history
401 Liberty Street LLC · 5 yrs held
401 Liberty Street LLC
since 2021
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
B2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+16.7%
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
$825,000
ML approach
$745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$925,000
Current use
AUTO REPAIR, GARAGE
$1,075,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $800k (Jan 6 2021)
Last sale anchor
$800k
Jan 6 2021
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
$95 / 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
$10,407
Tax year 2023
Assessed value
$285,900
Assessed 2023
Previous assessed
$285,900
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$70,800
Assessed improvement
$215,100
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1925
Heating
NONE
Buildings
1
Stories
2
Rooms
12
Bathrooms
2
Total area
8,308 SF
Lot
0.47 ac (20,421 SF)
Zoning code
B2
APN
SPRI S:09170 P:0024
UPID
US38-0221604
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B2 · Springfield, MA
Zoning B2 · permitted uses
B2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
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
1925
Heating
NONE
Stories
2
Buildings
1
Rooms
12
Bathrooms
2
Lot
0.47 ac
Current owner
From public records · entity-resolved
401 Liberty Street LLC
Entity
Mailing address
265 STATE ST, SPRINGFIELD, MA 01103-1950
Ownership since
2021
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
Jan 6, 2021
$800,000
401 Liberty Street LLC
Stafford Street Group LLC
Quit Claim Arm's Length For Ne States
$1,000,000 · Easthampton Savings Bank
Dec 15, 2010
—
Stafford Street Grp LLC
—
Deed Of Trust
related
$185,000 · United Bank
Dec 23, 2009
$175,000
Stafford Street Group LLC
136 Nursery Street LLC
Grant Deed
$205,000 · United Bank
Oct 20, 2006
—
136 Nursery Street LLC
—
Deed Of Trust
related
$50,000 · Chicopee Savings Bank
Oct 27, 2005
—
136 Nursery Street LLC
—
Deed Of Trust
related
$250,000 · Chicopee Savings Bank
Jul 26, 2002
$100,000
136 Nursery St LLC
Veronesi,albert C
Grant Deed
$50,000 · Zuckerman Family Nomi
Jul 26, 2002
—
136 Nursery St LLC
—
Deed Of Trust
related
$25,000 · Zwi Kohorn
Dec 30, 1988
$125,000
Albert C Veronesi
7 Up Spring Bottler
Grant Deed
—
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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