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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Medical Office Space
25 Bond St, Springfield, MA 01104-3401
Entity Owned
28-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-0628012
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
24,978 SF
Lot
2.1 ac (91,432 SF)
Zoning code
SB1B2
APN
SPRI S:01610 P:0066
UPID
US38-0628012
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
-
Springfield VA Clinic Medical Clinic
-
John E. Hurley, PA Physician
-
Jeffrey R. Mccarthy, PSYD Physician Medical Clinic
-
Jennifer L. Brown, PHD Physician Medical Clinic
-
Dr. Annmarie Kyle, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.18M
Owner & transaction history
Jamlip Corp · 28 yrs held
Jamlip Corp
since 1997
6 recorded transactions
Zoning & alternative use
SB1B2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+56.0%
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
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,125,000
Current use
RETAIL STORES
$1,755,000
Change: +56% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$47 / 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
$169,719
Tax year 2023
Assessed value
$4,662,600
Assessed 2023
Previous assessed
$4,662,600
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$478,900
Assessed improvement
$4,183,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
24,978 SF
Lot
2.1 ac (91,432 SF)
Zoning code
SB1B2
APN
SPRI S:01610 P:0066
UPID
US38-0628012
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SB1B2 · Springfield, MA
Zoning SB1B2 · permitted uses
SB1B2 · 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
MEDICAL BUILDING Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING Current
RETAIL STORES
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
2003
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
Jamlip Corp
Entity
Free & Clear · 28 yrs held
Mailing address
300 UN ST, SPRINGFIELD, MA 01105-1303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 1997
$4,000
Jamlip Corp
Arvanitis,andrew G
Grant Deed
—
Dec 27, 1996
$60,000
Jamlip Corp
Bank Of Western Mass
Grant Deed
$42,000 · Bank Of Western Massachusetts
Dec 23, 1993
$148,000
Bank Of Western Ma
Brown,richard I
Grant Deed
related
—
Feb 1, 1990
$30,000
Richard I Brown
Prouty,john
Grant Deed
$95,000 · Bank Of Western Massachusetts
Apr 4, 1989
—
Richard I Brown
—
Deed Of Trust
related
$30,000 · Zwi Kohorn
Dec 2, 1987
$425,000
Richard I Brown SR.
M&j RT
Grant Deed
$400,000 · Bankboston Western Ma
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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