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Property profile & analytics
FOR SALE
Retail properties & Spaces
151 Springfield St Agawam, MA 01001
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US38-1031115
For Sale
1 / 2
$4,800,000
151 Springfield St, Agawam, MA 01001
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1966
Construction
STEEL FRAME
Total area
69,140 SF
Lot
4.38 ac (190,793 SF)
Zoning code
BA
APN
AGAW M:0I15 B:0009 L:1
UPID
US38-1031115
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$2.59M
Owner & transaction history
Ellendave LLC · 20 yrs held
Ellendave LLC
since 2006
7 recorded transactions
Zoning & alternative use
BA · Agawam, 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 Agawam submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Agawam 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
$2.59M
Range $2.33M – $2.84M · ±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
$37 / 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
$61,880
Tax year 2024
Assessed value
$2,246,900
Assessed 2024
Previous assessed
$2,443,900
-8.1% YoY
Effective rate
2.75%
On assessed value
Assessed land
$566,700
Assessed improvement
$1,680,200
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
8
Total area
69,140 SF
Lot
4.38 ac (190,793 SF)
Zoning code
BA
APN
AGAW M:0I15 B:0009 L:1
UPID
US38-1031115
Jurisdiction
AGAWAM
Zoning & alternative use
BA · Agawam, MA
Zoning BA · permitted uses
BA · Agawam, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Agawam. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
8
Lot
4.38 ac
Current owner
From public records · entity-resolved
Ellendave LLC
Entity
Mailing address
120 ELY WAY, LONGMEADOW, MA 01106-1866
Ownership since
2006
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
Dec 17, 2024
—
Ellendave LLC
—
Deed
related
$810,000 · New Valley Bank & Trust
Oct 6, 2023
—
Ellendave LLC
—
Deed
related
$410,600 · New Valley Bank & Trust
Aug 26, 2020
—
Ellendave LLC
—
Deed
related
$2,600,000 · New Vly B&t
Sep 24, 2008
—
Ellendave LLC
—
Deed Of Trust
related
$3,970,000 · Bank Of Western Massachusetts
May 31, 2006
$62,500
Ellendave LLC
Dalfen,dyna
Grant Deed
$1,754,000 · Bank Of Western Massachusetts
May 31, 2006
$1,187,500
Ellendave LLC
Nirvana Mgmt Consultants
Grant Deed
—
—
—
Ellendave LLC
—
Deed Of Trust
related
$2,600,000 · New Vly B&t
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?”
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