Property profile

1600 Main St Springfield, MA 01103

OFF-MARKET
Turn key restaurants
Property ID
US38-0153350
15,679 SF 0.41 ac lot Built 1920
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Total area 15,679 SF
Lot 0.41 ac (17,881 SF)
Zoning code B3
APN SPRI S:08130 P:0146
UPID US38-0153350

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
  • Church

Location

1600 Main St Springfield, MA 01103-1800
Springfield metro Census 801101 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
$502k
Blend (final) Blend
$825k

Owner & transaction history

since 2021
Last sale
$800,000
7 recorded transactions
2021
Price N/A
2021
$800,000
2021
$700,000
2017
Price N/A
2013
$45,000
2009
$630,000
1969
Price N/A

Zoning & alternative use

B3 · Springfield, MA

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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