New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
224 Westfield Rd, Holyoke, MA 01040-1656
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1604914
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
FRAME
Total area
4,870 SF
Lot
0.42 ac (18,321 SF)
Zoning code
BL
APN
HOLY M:0157 B:0000 L:72
UPID
US38-1604914
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
-
Schermerhorn's Seafood Take-out & Catering Catering Service
-
Fitzgerald's Pizza & Restaurant Restaurant
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
Frank A Demarinis · 1 yrs held
Frank A Demarinis
since 2024
Last sale
$449,000
7 recorded transactions
Zoning & alternative use
BL · Holyoke, 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 Holyoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Holyoke 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 2024Property tax & assessments
Tax year 2024
Tax billed
$14,969
Tax year 2024
Assessed value
$371,800
Assessed 2024
Previous assessed
$371,800
+0.0% YoY
Effective rate
4.03%
On assessed value
Assessed land
$48,300
Assessed improvement
$323,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
4,870 SF
Lot
0.42 ac (18,321 SF)
Zoning code
BL
APN
HOLY M:0157 B:0000 L:72
UPID
US38-1604914
Jurisdiction
HOLYOKE
Zoning & alternative use
BL · Holyoke, MA
Zoning BL · permitted uses
BL · Holyoke, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Holyoke. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Frank A Demarinis
Individual
Mailing address
470 NORTHAMPTON ST, HOLYOKE, MA 01040-9511
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
$449,000
Frank A Demarinis
Michael J Fitzgerald
Quit Claim Arm's Length For Ne States
—
Jan 20, 2012
—
Michael J Fitzgerald
—
Deed Of Trust
related
$675,000 · United Bank
Dec 24, 2008
—
Michael J Fitzgerald
—
Deed Of Trust
related
$198,461 · United Bank
Aug 8, 2008
—
Marilyn Fitzgerald
—
Deed Of Trust
related
$150,000 · United Bank
May 6, 2008
—
Michael Fitzgerald
—
Deed Of Trust
related
$100,000 · United Bank
Mar 4, 2003
—
Marilyn A Fitzgerald
—
Deed Of Trust
related
$292,000 · Hampden Savings Bank
Jul 12, 1999
—
Michael J Fitzgerald
—
Deed Of Trust
related
$225,000 · Wylie C Hubbard
May 23, 1996
—
Michael J Fitzgerald
—
Deed Of Trust
related
$190,000 · Wylie C Hubbard
Nov 25, 1994
—
Michael J Fitzgerald
—
Deed Of Trust
related
$20,000 · Park West Bank
Mar 4, 1988
—
Michael J Fitzgerald
—
Deed Of Trust
related
$30,000 · 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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