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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Banks
232 Main St East Longmeadow, MA 01028-1844
Individually Owned
20-yr Hold
Free & Clear
Property ID
US38-1041531
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2006
Construction
FRAME
Total area
7,817 SF
Lot
1.28 ac (55,757 SF)
Zoning code
BUS
APN
ELON M:0014 B:009B L:00A4
UPID
US38-1041531
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
-
Rebecca Hildreth Physician Medical Clinic
-
The Polish National Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$540k
Owner & transaction history
Premier Source Cu · 20 yrs held
Premier Source Cu
since 2006
7 recorded transactions
Zoning & alternative use
BUS · East Longmeadow, 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 East Longmeadow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Longmeadow 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$850,000
Current use
RESTAURANT
$830,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$800,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$780,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$755,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$69 / 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
$26,551
Tax year 2024
Assessed value
$1,432,100
Assessed 2024
Previous assessed
$1,432,100
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$427,200
Assessed improvement
$1,004,900
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Bathrooms
5
Total area
7,817 SF
Lot
1.28 ac (55,757 SF)
Zoning code
BUS
APN
ELON M:0014 B:009B L:00A4
UPID
US38-1041531
Jurisdiction
EAST LONGMEADOW
Zoning & alternative use
BUS · East Longmeadow, MA
Zoning BUS · permitted uses
BUS · East Longmeadow, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Longmeadow. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$850,000
RESTAURANT
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$800,000
OFFICE BUILDING
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$755,000
FINANCIAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Bathrooms
5
Lot
1.28 ac
Current owner
From public records · entity-resolved
Premier Source Cu
Individual
Free & Clear · 20 yrs held
Mailing address
232 N MAIN ST, EAST LONGMEADOW, MA 01028-1844
Ownership since
2006
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 12, 2006
$450,000
Premier Source Cu
Colwick Svc Corp
Grant Deed
—
Jun 12, 2006
$1
Carriage Funeral Hold INC
Colwick Svc Corp
Grant Deed
related
—
Oct 27, 1998
$1,911,000
Carriage Funeral Hldgs
Colwick Svc Corp
Grant Deed
—
Dec 18, 1992
$750,000
Colwick Service Corp
Dellaquila,stephen J
Grant Deed
$1,300,000 · Bank Of Western Ma
Aug 26, 1991
—
Stephen J Dellaquila
—
Deed Of Trust
related
$1,850,000 · Fleet National Bank
Nov 15, 1988
$1,500,000
Stephen J Dellaquila
Willow Glen House
Grant Deed
—
May 24, 1988
—
John D Deroche
—
Deed Of Trust
related
$83,000 · Ne Allbank For Savings
Aug 27, 1987
—
William C Shaw
—
Deed Of Trust
related
$210,000 · Ne Allbank For Savings
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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