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Property profile & analytics
OFF-MARKET
Estimated value
$3,980,000
Retail properties & Spaces
1685 Boston Rd Springfield, MA 01129-1143
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-1407362
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1970
Total area
144,900 SF
Lot
7.05 ac (307,272 SF)
Zoning code
B1
APN
SPRI S:01655 P:0415
UPID
US38-1407362
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
$5.32M
Blend (final)
Blend
$3.98M
Owner & transaction history
Target Corp · 1 yrs held
Target Corp
since 2025
5 recorded transactions
Zoning & alternative use
B1 · 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
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
$3.98M
Range $3.58M – $4.38M · ±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
$27 / 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
Tax billed
$64,534
Tax year 2023
Assessed value
$1,772,900
Assessed 2023
Previous assessed
$1,772,900
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$1,745,500
Assessed improvement
$27,400
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
Off-Market
Year built
1970
Heating
FORCED AIR
Buildings
1
Stories
2
Rooms
6
Bathrooms
1
Total area
144,900 SF
Lot
7.05 ac (307,272 SF)
Zoning code
B1
APN
SPRI S:01655 P:0415
UPID
US38-1407362
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B1 · Springfield, MAZoning B1 · permitted uses
B1 · Springfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Stories
2
Buildings
1
Rooms
6
Bathrooms
1
Lot
7.05 ac
Current owner
From public records · entity-resolved
Target Corp
Entity
Free & Clear · 1 yrs held
Mailing address
3 GARRET MTN PLZ STE #204, WOODLAND PARK, NJ 07424-3318
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Apr 4, 2025
$175,000
Target Corp
Onyx Springfield Csng LLC
Deed
—
Sep 15, 2023
—
Onyx Springfield Csng LLC
—
Deed
related
$4,300,000 · Manafort Brothers INC
Oct 6, 2017
$1,000,000
1685 Boston Road LLC
Macys Retail Hldg INC
Quit Claim Arm's Length For Ne States
$620,000 · Provident Bank
Mar 14, 1994
$4,092,975
May Dept Stores Co
Albert Steiger INC
Grant Deed
—
Sep 20, 1993
—
Steiger Bldg T Albert
—
Deed Of Trust
related
$11,300,000 · Bankboston Development Co LLC
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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