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Property profile & analytics
OFF-MARKET
Estimated value
$31,935,000
Commercial real estate
2145 Roosevelt Ave Springfield, MA 01104-1650
Entity Owned
Free & Clear
Property ID
US38-1802917
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Total area
181,000 SF
Lot
34.48 ac (1,501,949 SF)
Zoning code
I1
APN
SPRI S:10360 P:0410
UPID
US38-1802917
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
-
Patricia Bloom Law Office Law Firm
-
Citizens Bank RBS Lynk Bank Loan Service
-
ATM Atm
-
Big Y Support Center Grocery & Convenience Store Food Market
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$37.59M
Comparable Approach
Comparable
$34.02M
Blend (final)
Blend
$31.94M
Owner & transaction history
DAMOUR, GERALD E
DAMOUR, GERALD E
Zoning & alternative use
I1 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$29.4M
+46.2%
Auto repair, garage
$23.5M
+16.7%
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%
$40,725,000
6.5%
$37,590,000
7%
$34,905,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$20,105,000
Current use
OFFICE BUILDING
$29,400,000
Change: +46% · Conversion: Easy
AUTO REPAIR, GARAGE
$23,470,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$31.94M
Range $28.74M – $35.13M · ±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
$176 / 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
$417,164
Tax year 2020
Assessed value
$31,441,400
Assessed 2023
Previous assessed
$31,441,400
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$2,801,900
Assessed improvement
$28,639,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1970
Heating
HEAT PUMP
Buildings
4
Stories
1
Total area
181,000 SF
Lot
34.48 ac (1,501,949 SF)
Zoning code
I1
APN
SPRI S:10360 P:0410
UPID
US38-1802917
Jurisdiction
SPRINGFIELD
Zoning & alternative use
I1 · Springfield, MA
Zoning I1 · permitted uses
I1 · 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
$20.1M
OFFICE BUILDING
Est. value
$29.4M
AUTO REPAIR, GARAGE
Est. value
$23.5M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1970
Heating
HEAT PUMP
Stories
1
Buildings
4
Lot
34.48 ac
Current owner
From public records · entity-resolved
DAMOUR, GERALD E
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 7840, SPRINGFIELD, MA 01102-7840
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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