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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Retail properties & Spaces
1755 Boston Rd Springfield, MA 01129-1130
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US38-1531791
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1973
Total area
37,696 SF
Lot
1.06 ac (46,152 SF)
Zoning code
B1
APN
SPRI S:01655 P:0397
UPID
US38-1531791
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
-
Falcetti Music (Bike/Boat/Book/etc) Store
-
Falcetti Pianos Springfield (Bike/Boat/Book/etc) Store
-
Pathways to the Tree of Life Ministries Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.90M
Blend (final)
Blend
$1.45M
Owner & transaction history
1755 Boston Road Springfl · 19 yrs held
1755 Boston Road Springfl
since 2007
7 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
$1.45M
Range $1.31M – $1.60M · ±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
$38 / 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
$60,970
Tax year 2023
Assessed value
$1,675,000
Assessed 2023
Previous assessed
$1,675,000
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$431,800
Assessed improvement
$1,243,200
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
Off-Market
Year built
1973
Heating
SPACE
Buildings
1
Stories
1
Rooms
6
Bathrooms
1
Total area
37,696 SF
Lot
1.06 ac (46,152 SF)
Zoning code
B1
APN
SPRI S:01655 P:0397
UPID
US38-1531791
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
1973
Heating
SPACE
Stories
1
Buildings
1
Rooms
6
Bathrooms
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
1755 Boston Road Springfl
Individual
Mailing address
1755 BOSTON RD, SPRINGFIELD, MA 01129-1130
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
1755 Boston Rd Sprfield M
—
Deed
related
$300,000 · Monson Savings Bank
Jun 29, 2022
—
1755 Boston Rd Sprfield M
—
Deed
related
$1,750,000 · Monson Savings Bank
Apr 4, 2012
—
1755 Boston Road Sfld
—
Deed Of Trust
related
$100,000 · Harry Kalajian
Mar 28, 2012
—
1755 Boston Rd Spfld LLC
—
Deed Of Trust
related
$1,825,457 · Monson Savings Bank
Mar 23, 2012
—
1755 Boston Road Sfld LLC
—
Deed Of Trust
related
$330,000 · Kacie Lachapelle
Apr 30, 2007
$1,854,141
1755 Boston Road Springfl
Falcetti,anselm F
Grant Deed
$1,720,000 · Monson Savings Bank
Apr 30, 2007
—
1755 Boston Road Springfl
—
Deed Of Trust
related
$550,000 · Monson Savings Bank
Jun 30, 1998
—
Anselm A Falcetti
—
Deed Of Trust
related
$1,660,000 · Springfield Inst For Saving
Sep 18, 1995
$1,355,000
Anselm F Falcetti
Advest Bk
Grant Deed
$1,152,000 · Advest Bank
Sep 18, 1995
—
Anselm F Falcetti
—
Deed Of Trust
related
$50,000 · Zuckerman Family Nomi
Feb 10, 1995
$1,500,000
Advest Bk
Neikrie,m Joseph
Grant Deed
related
—
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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