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Property profile & analytics
OFF-MARKET
Estimated value
$3,605,000
Office buildings
140 High St, Springfield, MA 01199-1006
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1319929
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1904
Total area
53,341 SF
Lot
1.96 ac (85,495 SF)
Zoning code
SC1B1
APN
SPRI S:06597 P:0041
UPID
US38-1319929
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
-
South Bay Community Services Medical Clinic
-
Dr. Alla Chesky, MD Physician
-
Baystate Medical Practices - Adult Medicine - Springfield Medical Clinic
-
Snyder John M MD Pediatrician Medical Clinic
-
Eric C Churchill, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.61M
Owner & transaction history
Key Com Mortgage T · 3 yrs held
Key Com Mortgage T
since 2022
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
SC1B1 · 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
$3,490,000
ML approach
$3,640,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.61M
Range $3.24M – $3.97M · ±10% · vs last sale $3.65M (Aug 5 2022)
Last sale anchor
$3.65M
Aug 5 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
$68 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$174,235
Tax year 2024
Assessed value
$4,920,500
Assessed 2024
Previous assessed
$4,920,500
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$292,700
Assessed improvement
$4,627,800
Comparables
3 recent transactions · within 1.5 miComparable in this city
3 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
1904
Heating
STEAM
Buildings
1
Stories
5
Total area
53,341 SF
Lot
1.96 ac (85,495 SF)
Zoning code
SC1B1
APN
SPRI S:06597 P:0041
UPID
US38-1319929
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SC1B1 · Springfield, MA
Zoning SC1B1 · permitted uses
SC1B1 · 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
1904
Heating
STEAM
Stories
5
Buildings
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Key Com Mortgage T
Individual
Mailing address
150 GREAT NCK RD STE #304, GREAT NECK, NY 11021-3309
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
$3,650,000
Key Com Mortgage T
Matthew D Mason
Quit Claim Arm's Length For Ne States
—
Dec 7, 2018
$7,000,000
South Campus Bh Hldgs
South Campus Group LLC
Quit Claim Deed
—
Aug 5, 2003
—
South Campus Group LLC
—
Deed Of Trust
related
$450,000 · Banknorth NA
Nov 1, 2000
$950,000
South Campus Grp LLC
Baystate Medical Ctr
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.
Try Rey
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