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Property profile & analytics
OFF-MARKET
Estimated value
$20,485,000
Investment properties
1623 Main St Springfield, MA 01103-1865
Entity Owned
11-yr Hold
Property ID
US38-0826591
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1904
Total area
125,510 SF
Lot
0.96 ac (41,848 SF)
Zoning code
B3
APN
SPRI S:08130 P:0527
UPID
US38-0826591
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
-
Mocha Emporium Cafe & Coffee Shop
-
Tweety's Clubhouse Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.07M
Comparable Approach
Comparable
$14.83M
Blend (final)
Blend
$20.49M
Owner & transaction history
15 Taylor LLC · 11 yrs held
15 Taylor LLC
since 2014
5 recorded transactions
Zoning & alternative use
B3 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$30.8M
+210.9%
Auto repair, garage
$16.3M
+64.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$28,240,000
6.5%
$26,065,000
7%
$24,205,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$30,800,000
Change: +211% · Conversion: Easy
AUTO REPAIR, GARAGE
$16,275,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$20.49M
Range $18.44M – $22.53M · ±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
$163 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$9,859,000
Assessed 2023
Previous assessed
$9,859,000
+0.0% YoY
Assessed land
$463,900
Assessed improvement
$9,395,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1904
Heating
FORCED AIR
Buildings
1
Stories
5
Units
90
Bathrooms
3
Total area
125,510 SF
Lot
0.96 ac (41,848 SF)
Zoning code
B3
APN
SPRI S:08130 P:0527
UPID
US38-0826591
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B3 · Springfield, MA
Zoning B3 · permitted uses
B3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$30.8M
AUTO REPAIR, GARAGE
Est. value
$16.3M
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1904
Heating
FORCED AIR
Stories
5
Buildings
1
Units
90
Bathrooms
3
Lot
0.96 ac
Current owner
From public records · entity-resolved
15 Taylor LLC
Entity
Mailing address
2727 LYNDON B JOHNSON FWY, DALLAS, TX 75234-7334
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2014
$9,000,000
15 Taylor LLC
Us Bank NA
Quit Claim Arm's Length For Ne States
$13,568,000 · Gmmf Loan Holdings Ll
Jul 12, 2012
—
Lsref2 Clover Props 5 LLC
—
Deed Of Trust
related
$1 · Wells Fargo Mortgage
Jun 25, 2012
$5,100,000
Lsref2 Clover Props 5 LLC
Waterford Morgan LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Nov 30, 2000
—
Morgan Sq LLC
—
Deed Of Trust
related
$8,000,000 · Arbor National Mortgage
Nov 25, 1998
$4,500,000
Morgan Square LLC
Heartland Prop INC
Grant Deed
$6,600,000 · Arbor National Mortgage
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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