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Property profile & analytics
OFF-MARKET
Office buildings
1464 State St, Springfield, MA 01109-2535
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0861344
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Total area
2,260 SF
Lot
0.13 ac (5,706 SF)
Zoning code
C1
APN
SPRI S:11110 P:0298
UPID
US38-0861344
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
-
Armory Property Management Inc. Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ajn Rentals LLC · 2 yrs held
Ajn Rentals LLC
since 2023
Last sale
$210,000
7 recorded transactions
Zoning & alternative use
C1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,742
Tax year 2024
Assessed value
$190,400
Assessed 2024
Previous assessed
$190,400
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$45,200
Assessed improvement
$145,200
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
1924
Heating
STEAM
Buildings
1
Stories
2
Rooms
12
Bathrooms
2
Total area
2,260 SF
Lot
0.13 ac (5,706 SF)
Zoning code
C1
APN
SPRI S:11110 P:0298
UPID
US38-0861344
Jurisdiction
SPRINGFIELD
Zoning & alternative use
C1 · Springfield, MA
Zoning C1 · permitted uses
C1 · 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
1924
Heating
STEAM
Stories
2
Buildings
1
Rooms
12
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Ajn Rentals LLC
Entity
Mailing address
1464 STATE ST, SPRINGFIELD, MA 01109-2535
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
—
Ajn Rentals LLC
Springfield City Of
Redemption Deed
related
—
Sep 5, 2023
$210,000
Bianca Buildings LLC
Ajn Rentals LLC
Quit Claim Arm's Length For Ne States
$157,500 · Td Bank NA
Dec 23, 2019
—
Ajn Rentals LLC
—
Deed
related
$177,550 · Greenfield Cooperative Bank
Aug 2, 2018
$150,000
Ajn Rentals LLC
Mnj LLC
Quit Claim Deed
related
—
Dec 21, 2012
$111,000
Mnj LLC
Bmm Realty LLC
Warranty Deed
$88,000 · Monson Savings Bank
Oct 13, 2005
$180,000
Bmm Realty LLC
Gurley,claire M
Grant Deed
$160,000 · United Bank
Dec 13, 1988
$105,000
Claire M Gurley
Desnoyers,raymond
Grant Deed
$84,000 · Hampden Savings Bank
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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