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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Motels
21 Baldwin St, West Springfield, MA 01089-3705
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-0263261
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Construction
FRAME
Total area
24,378 SF
Lot
0.98 ac (42,645 SF)
APN
WSPR M:00124 B:00600 L:00009
UPID
US38-0263261
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
$2.15M
CAP Approach
CAP
$2.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
Shreeji Properties LLC · 1 yrs held
Shreeji Properties LLC
since 2024
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+209.4%
Retail stores
$2.4M
+179.4%
Auto repair, garage
$2.0M
+139.4%
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 West Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$2,150,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
$2,460,000
6.5%
$2,270,000
7%
$2,110,000
Alternative Use
Use
Estimation
RESTAURANT
$2,620,000
Change: +209% · Conversion: Difficult
RETAIL STORES
$2,370,000
Change: +179% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,030,000
Change: +139% · Conversion: Difficult
OFFICE BUILDING
$1,990,000
Change: +135% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,830,000
Change: +116% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.15M (Aug 19 2024)
Last sale anchor
$2.15M
Aug 19 2024
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
$88 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$52,514
Tax year 2024
Assessed value
$1,762,200
Assessed 2024
Previous assessed
$1,762,200
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$129,600
Assessed improvement
$1,632,600
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
48
Total area
24,378 SF
Lot
0.98 ac (42,645 SF)
APN
WSPR M:00124 B:00600 L:00009
UPID
US38-0263261
Jurisdiction
WEST SPRINGFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.6M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1989
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
48
Lot
0.98 ac
Current owner
From public records · entity-resolved
Shreeji Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
92 SQUIRE DRC W SPRINGFIELD
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2024
—
Shreeji Properties LLC
West Springfield Town Of
Redemption Deed
related
—
Aug 9, 2024
$2,150,000
21 Baldwin Street LLC
Shreeji Properties LLC
Warranty Deed
$1,450,000 · Gita Oza
Sep 27, 2013
—
Shreeji Properties LLC
—
Deed Of Trust
related
$2,120,000 · Sg Hospitality INC
May 13, 2010
$1,105,000
Shreeji Prop LLC
Niteen Hotels Corp
Grant Deed
$993,750 · Niteen Hotels Corp
Oct 6, 1997
—
Luigi Alfano
—
Deed Of Trust
related
$35,000 · Westfield Bank Fsb
May 25, 1993
$609,000
Niteen Hotels Corp
Park West Trust Co
Grant Deed
$739,500 · Park West Bank
Sep 30, 1988
$550,000
Sun Mass Properties
Cupidi,lawrence
Grant Deed
$2,080,000 · Park West Bank
Mar 29, 1988
—
Lawrence P Cupidi
—
Deed Of Trust
related
$65,000 · Park West Bank
Jan 30, 1987
—
Lawrence P Cupidi
—
Deed Of Trust
related
$40,000 · Park West Bank
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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