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Property profile & analytics
OFF-MARKET
Commercial real estate
2 Medical Ctr Dr Ste 404, Springfield, MA 01107-1272
Individually Owned
38-yr Hold
~
Est. High Equity
Property ID
US38-1749814
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1990
Total area
2,496 SF
Zoning code
R2
APN
SPRI S:08494 P:0180
UPID
US38-1749814
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chabot Re · 38 yrs held
Chabot Re
since 1987
4 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,901
Tax year 2023
Assessed value
$272,000
Assessed 2023
Previous assessed
$272,000
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed improvement
$272,000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1990
Heating
NONE
Buildings
1
Rooms
9
Bathrooms
2
Total area
2,496 SF
Zoning code
R2
APN
SPRI S:08494 P:0180
UPID
US38-1749814
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
Chabot Re
Individual
Mailing address
2 MEDICAL CTR DR STE #404, SPRINGFIELD, MA 01107-1270
Ownership since
1987
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2013
—
Chabot LLP
—
Deed Of Trust
related
$269,356 · Thomas A Ricchi
Jul 22, 2010
—
Chabot LLP
—
Deed Of Trust
related
$420,000 · Thomas A Ricchi
Sep 12, 1996
—
Chabot Re
—
Deed Of Trust
related
$448,000 · Springfield Inst For Saving
Dec 31, 1987
$370,481
Chabot Re
Baystate Hlth Prop
Grant Deed
$378,000 · Bank Of New Eng, West
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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