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Property profile & analytics
OFF-MARKET
Turn key restaurants
1530-1534 State St, Springfield, MA 01109
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1569968
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1921
Total area
5,242 SF
Lot
0.3 ac (13,238 SF)
Zoning code
SC2B1
APN
SPRI S:11110 P:0311
UPID
US38-1569968
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Suban Sherlock · 2 yrs held
Suban Sherlock
since 2024
Last sale
$450,000
6 recorded transactions
Zoning & alternative use
SC2B1 · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,480
Tax year 2023
Assessed value
$287,900
Assessed 2023
Previous assessed
$287,900
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$60,300
Assessed improvement
$227,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1921
Heating
FORCED AIR
Buildings
1
Stories
2
Rooms
12
Bathrooms
2
Total area
5,242 SF
Lot
0.3 ac (13,238 SF)
Zoning code
SC2B1
APN
SPRI S:11110 P:0311
UPID
US38-1569968
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SC2B1 · Springfield, MA
Zoning SC2B1 · permitted uses
SC2B1 · 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
1921
Heating
FORCED AIR
Stories
2
Buildings
1
Rooms
12
Bathrooms
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Suban Sherlock
Individual
Mailing address
180 WARRENTON ST #1534, SPRINGFIELD, MA 01109-1918
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
$450,000
Suban Sherlock
Ramani Realty LLC
Quit Claim Arm's Length For Ne States
$300,000 · Devon Boreland
Feb 18, 2015
$160,000
Ramani Realty LLC
Hoke Realty LLC
Quit Claim Deed
$220,000 · Hoke Realty LLC
Jun 21, 2011
$258,122
Hoke Realty LLC
Thompson Kevin Est
Grant Deed
—
Nov 19, 2003
$70,000
Kevin Thompson
Cur Sul INC
Grant Deed
—
Jun 20, 2000
$90,000
Cur Sul INC
USA
Grant Deed
$180,000 · Janet Cook Dunbar
Jun 20, 2000
—
Cur Sul INC
—
Deed Of Trust
related
$218,000 · First International 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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