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Property profile & analytics
OFF-MARKET
Apartment buildings
22-24 Winthrop St, Springfield, MA 01105
Entity Owned
13-yr Hold
Property ID
US38-0882461
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Total area
19,907 SF
Lot
0.19 ac (8,102 SF)
Zoning code
R3
APN
SPRI S:12400 P:0007
UPID
US38-0882461
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
Cross Town Corners LLC · 13 yrs held
Cross Town Corners LLC
since 2012
7 recorded transactions
Zoning & alternative use
R3 · 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
$8,905
Tax year 2023
Assessed value
$522,300
Assessed 2023
Previous assessed
$522,300
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$145,600
Assessed improvement
$376,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1910
Heating
STEAM
Buildings
1
Stories
4
Units
16
Total area
19,907 SF
Lot
0.19 ac (8,102 SF)
Zoning code
R3
APN
SPRI S:12400 P:0007
UPID
US38-0882461
Jurisdiction
SPRINGFIELD
Zoning & alternative use
R3 · Springfield, MA
Zoning R3 · permitted uses
R3 · 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
1910
Heating
STEAM
Stories
4
Buildings
1
Units
16
Lot
0.19 ac
Current owner
From public records · entity-resolved
Cross Town Corners LLC
Entity
Mailing address
261 OAK GRV AVE, SPRINGFIELD, MA 01109-3023
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2013
—
Cross Town Corners LLC
—
Deed Of Trust
related
$2,735,152 · Center City Housing INC
Nov 8, 2012
$1,337,825
Cross Town Corners LLC
Center City Housing INC
Grant Deed
related
—
Oct 23, 2012
—
Center City Housing INC
—
Deed Of Trust
related
$400,000 · Community Economic
Apr 5, 2000
$140,000
Center City Hsng INC
Better Homes Spgfld
Grant Deed
$100,000 · Springfield City (oh)
Apr 5, 2000
—
Center City Hsng INC
—
Deed Of Trust
related
$50,000 · Springfield City (oh)
Sep 30, 1991
$360,000
Better Homes Sprngfld
Amherst Svgs Rlty
Grant Deed
$475,200 · Heritage/nis Bkforsvg
Mar 19, 1991
$335,000
Amherst Svgs Rlty
Paper City Rlty INC
Grant Deed
related
—
Jan 7, 1988
—
Paper City Rlty INC
—
Deed Of Trust
related
$489,600 · Community Savings 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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