Property profile

1500 Riverdale St West Springfield, MA 01089

OFF-MARKET
Motels
Property ID
US38-0922559
24,320 SF 1.47 ac lot Built 1989
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1989
Construction FRAME
Total area 24,320 SF
Lot 1.47 ac (64,033 SF)
APN WSPR M:00226 B:09800 L:000J3
UPID US38-0922559

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel

Location

1500 Riverdale St West Springfield, MA 01089-4640
West Springfield metro Census 812202 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$989k
Blend (final) Blend
$815k

Owner & transaction history

since 2008
7 recorded transactions
2021
Price N/A
2012
Price N/A
2008
$2.4M
2008
$2.5M
2008
Price N/A
2005
Price N/A
1999
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $1.1M +27.4%
Industrial (general) $1.1M +24.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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