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Property profile & analytics
FOR SALE
Specialty properties
2 Medical Center Dr, Springfield, MA 01199
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0390227
For Sale
$662,500
2 Medical Center Dr, Springfield, MA 01199
View Listing →
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1990
Total area
1,138 SF
Zoning code
R2
APN
SPRI S:08494 P:0270
UPID
US38-0390227
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
-
Daniel Maurice Hubbs, MD Physician
-
Jonathan Y. Lee, MD Physician Medical Clinic
-
Pranay M. Parikh, MD Physician
-
John M. Joelson, MD, FACC Physician
-
Baystate Plastic & Reconstructive Surgery - Springfield - Medical Center Drive Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sprfield Healthcare Assoc · 4 yrs held
Sprfield Healthcare Assoc
since 2022
7 recorded transactions
Zoning & alternative use
R2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,814
Tax year 2020
Assessed value
$184,500
Assessed 2023
Previous assessed
$184,500
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed improvement
$184,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
For Sale
Year built
1990
Heating
NONE
Buildings
1
Rooms
9
Bathrooms
2
Total area
1,138 SF
Zoning code
R2
APN
SPRI S:08494 P:0270
UPID
US38-0390227
Jurisdiction
SPRINGFIELD
Zoning & alternative use
R2 · Springfield, MA
Zoning R2 · permitted uses
R2 · 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.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Buildings
1
Rooms
9
Bathrooms
2
Current owner
From public records · entity-resolved
Sprfield Healthcare Assoc
Individual
Mailing address
332 BIRNIE AVE, SPRINGFIELD, MA 01107-1104
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$570,000
Sprfield Healthcare Assoc
Fredle LLC
Deed
$427,500 · Westfield Bank Fsb
Sep 17, 2019
—
Baystate Medical Ctr
Baystate Health Foundatn
Quitclaim Deed
—
Aug 29, 2019
—
Center For Human Dev INC
Linson,marc A
Quit Claim Deed
related
—
Jul 3, 2019
—
Baystate Health Foundatn
Pioneer Vly Womens Health
Corporation Deed
—
Nov 3, 2017
$110,330
Baystate Medical Center
Jm Realty Corp
Quitclaim Deed
—
Nov 3, 2017
$492,250
Baystate Medical Center
Jm Realty Corp
Quitclaim Deed
—
Apr 7, 1993
$170,700
Marc A Linson
Baystate Hlth Prop INC
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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