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Property profile & analytics
OFF-MARKET
Estimated value
$5,630,000
Investment properties
1985 Main St Springfield, MA 01103-1095
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-2510023
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1969
Total area
48,503 SF
Lot
3.04 ac (132,631 SF)
Zoning code
I2
APN
SPRI S:08130 P:0496
UPID
US38-2510023
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
-
SMB Enterprises Unlimited, LLC Training Center
-
The Learning Center -SMB Educational Consultants Consultant
-
Project Aim Crisis Center Medical Clinic
-
Apex Healthcare Services: Cepin Plasenci Kayra A MD Physician
-
Polizzi Maria MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.87M
Blend (final)
Blend
$5.63M
Owner & transaction history
Northgage Center LLC · 13 yrs held
Northgage Center LLC
since 2012
3 recorded transactions
Zoning & alternative use
I2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.3M
+64.3%
Restaurant
$4.2M
+8.7%
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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,830,000
Current use
AUTO REPAIR, GARAGE
$6,290,000
Change: +64% · Conversion: Difficult
RESTAURANT
$4,160,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$5.63M
Range $5.07M – $6.19M · ±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
$116 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$117,372
Tax year 2020
Assessed value
$3,236,100
Assessed 2023
Previous assessed
$3,236,100
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$1,444,400
Assessed improvement
$1,791,700
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
1969
Heating
FORCED AIR
Buildings
1
Stories
3
Rooms
16
Bathrooms
3
Total area
48,503 SF
Lot
3.04 ac (132,631 SF)
Zoning code
I2
APN
SPRI S:08130 P:0496
UPID
US38-2510023
Jurisdiction
SPRINGFIELD
Zoning & alternative use
I2 · Springfield, MA
Zoning I2 · permitted uses
I2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$6.3M
RESTAURANT
Est. value
$4.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1969
Heating
FORCED AIR
Stories
3
Buildings
1
Rooms
16
Bathrooms
3
Lot
3.04 ac
Current owner
From public records · entity-resolved
Northgage Center LLC
Entity
Mailing address
181 PARK AVE STE #1, WEST SPRINGFIELD, MA 01089-3365
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2012
—
Northgage Center LLC
—
Deed Of Trust
related
$900,000 · Florence Savings Bank
Dec 30, 2002
—
Northgate Center LLC
—
Deed Of Trust
related
$1,200,000 · Bank Of Western Massachusetts
Nov 6, 1996
—
Northgate Ctr LLC
—
Deed Of Trust
related
$875,000 · Bank Of Western Massachusetts
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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