New search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Commercial real estate
140 Chestnut St C1 Springfield, MA 01103-1549
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-0540579
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1990
Total area
16,850 SF
Zoning code
B3
APN
SPRI S:02750 P:0702
UPID
US38-0540579
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$505k
Owner & transaction history
Guardian Assets LLC · 3 yrs held
Guardian Assets LLC
since 2022
Last sale
$512,500
7 recorded transactions
Zoning & alternative use
B3 · 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
$490,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $513k (Jul 28 2022)
Last sale anchor
$513k
Jul 28 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
$30 / 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
$10,251
Tax year 2020
Assessed value
$282,100
Assessed 2023
Previous assessed
$282,100
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed improvement
$282,100
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
1990
Heating
NONE
Buildings
2
Total area
16,850 SF
Zoning code
B3
APN
SPRI S:02750 P:0702
UPID
US38-0540579
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B3 · Springfield, MA
Zoning B3 · permitted uses
B3 · 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
1990
Heating
NONE
Buildings
2
Current owner
From public records · entity-resolved
Guardian Assets LLC
Entity
Free & Clear · 3 yrs held
Mailing address
140 CHESTNUT STC1, SPRINGFIELD, MA 01103-1549
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
$512,500
Guardian Assets LLC
Kimball RT
Quit Claim Arm's Length For Ne States
—
Dec 31, 1997
$86,500
Parking RT
C9 RT
Grant Deed
$147,500 · Zenon Grzybowski
Dec 31, 1997
$88,000
Kimball RT
C1 RT
Grant Deed
—
Feb 25, 1994
$11,000
James S Stonge
Rettura,vincent
Grant Deed
—
Jun 28, 1993
$10,500
Maria D Ruiz
Fnma
Grant Deed
—
May 9, 1989
—
Francis M Canning
—
Deed Of Trust
related
$20,000 · Bank Of New Eng, West
Mar 30, 1989
—
Gordon W Ulen
—
Deed Of Trust
related
$70,000 · Salem Five Cents Savings Bank
Mar 29, 1989
—
Kimball Towers RT
—
Deed Of Trust
related
$928,000 · Capitol Bank & Trust
Nov 2, 1987
—
Cary Watchmaker
—
Deed Of Trust
related
$217,200 · Home Owners Fed Savbk
Apr 17, 1987
—
Herbert Freedman
—
Deed Of Trust
related
$243,000 · Bankboston 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 140 Chestnut St, Unit C1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
