New search
Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Office buildings
235 Chestnut St, Springfield, MA 01103-1100
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0904760
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1961
Total area
28,576 SF
Lot
0.79 ac (34,273 SF)
Zoning code
SB2I2
APN
SPRI S:02750 P:0491
UPID
US38-0904760
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
-
Kathy Consolini Spa & Massage Center Alternative Medicine Practice
-
Honey Rose Studio Spa & Massage Center Skin Care Clinic
-
Garage Door Professionals Building Supply General Contractor
-
Renew Weight Loss and Med Spa LLC Weight Loss Service Medical Center
-
Razzak realestate team Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Razzak Building LLC · 3 yrs held
Razzak Building LLC
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
SB2I2 · 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
Method
Estimation
Statistic approach
$715,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $750k (Sep 1 2022)
Last sale anchor
$750k
Sep 1 2022
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
$28 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$34,671
Tax year 2023
Assessed value
$952,500
Assessed 2023
Previous assessed
$952,500
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$183,200
Assessed improvement
$769,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1961
Heating
STEAM
Buildings
1
Stories
3
Total area
28,576 SF
Lot
0.79 ac (34,273 SF)
Zoning code
SB2I2
APN
SPRI S:02750 P:0491
UPID
US38-0904760
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SB2I2 · Springfield, MA
Zoning SB2I2 · permitted uses
SB2I2 · 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
1961
Heating
STEAM
Stories
3
Buildings
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Razzak Building LLC
Entity
Mailing address
235 CHESTNUT ST, SPRINGFIELD, MA 01103-1100
Ownership since
2022
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
Sep 1, 2022
$750,000
Razzak Building LLC
Altranais Home Care LLC
Quit Claim Arm's Length For Ne States
$600,000 · Fall River Five Cents Savings Bank
Aug 31, 2022
$750,000
Razzak Building LLC
Altranais Home Care LLC
Quit Claim Arm's Length For Ne States
—
May 14, 2018
$1,000,000
Altranais Hm Care LLC
Glenshane 2 LLC
Quit Claim Deed
$800,000 · Citizens Bk/ri
Dec 24, 2008
$1,650,000
Glenshane 2 LLC
Mayo Springfield Hold LLC
Grant Deed
$1,340,000 · Webster Five Cents Sav Bank
Dec 24, 2008
—
Glenshane LLC 2
—
Deed Of Trust
related
$1,340,000 · Webster Five Cents Sav Bank
Apr 25, 2005
$1,650,000
Mayo Springfield Hldg LLC
P&p Rlty Co
Grant Deed
$1,320,000 · West Bank
Jul 3, 2001
—
P&p Rlty Co
—
Deed Of Trust
related
$900,000 · Commerce Bank & Trust
Jul 29, 1991
—
P&p Rlty Co
—
Deed Of Trust
related
$2,201,000 · Bankers Trust Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 235 Chestnut St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
