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Property profile & analytics
OFF-MARKET
Estimated value
$3,280,000
Showrooms
145 Performance Blvd Springfield, MA 01104-3238
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-1927702
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2013
Total area
67,500 SF
Lot
14.55 ac (633,711 SF)
Zoning code
I1
APN
SPRI S:09648 P:0010
UPID
US38-1927702
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
-
F.W. Webb Company - Springfield, MA Plumbing Service Building Supply
-
Frank Webb Home - Springfield Kitchen & Bath Showroom Furniture & Home Goods
-
F.W.Webb Plumbing Service Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.64M
Blend (final)
Blend
$3.28M
Owner & transaction history
Penny Lane Associates LLC · 12 yrs held
Penny Lane Associates LLC
since 2013
3 recorded transactions
Zoning & alternative use
I1 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.28M
Range $2.95M – $3.61M · ±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
$49 / 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
$139,255
Tax year 2023
Assessed value
$3,825,700
Assessed 2023
Previous assessed
$3,825,700
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$1,187,400
Assessed improvement
$2,638,300
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
2013
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
67,500 SF
Lot
14.55 ac (633,711 SF)
Zoning code
I1
APN
SPRI S:09648 P:0010
UPID
US38-1927702
Jurisdiction
SPRINGFIELD
Zoning & alternative use
I1 · Springfield, MA
Zoning I1 · permitted uses
I1 · 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
2013
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
14.55 ac
Current owner
From public records · entity-resolved
Penny Lane Associates LLC
Entity
Mailing address
160 MIDDLESEX TPKE, BEDFORD, MA 01730-1416
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2023
—
Penny Lane Associates LLC
—
Deed
related
$10,000,000 · Rockland Trust Co
Aug 28, 2013
$8,160,000
Penny Lane Associates LLC
Ram Construction LLC
Quit Claim Deed
$3,825,000 · Brookline Savings Bank
May 25, 2012
$1,000,000
Ram Const LLC
Springfield Redev Author
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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