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Property profile & analytics
OFF-MARKET
Estimated value
$3,565,000
Investment properties
2684 Main St 2690 Springfield, MA 01107-1509
Entity Owned
3-yr Hold
Property ID
US38-1573999
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1911
Total area
15,940 SF
Lot
0.13 ac (5,811 SF)
Zoning code
B1
APN
SPRI S:08130 P:0256
UPID
US38-1573999
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
-
Carmen's Gift & Jewelry Shop (Bike/Boat/Book/etc) Store
-
ATM Machine at CARMENS GIFT & JEWELRY SHOP Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.53M
CAP Approach
CAP
$3.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.57M
Owner & transaction history
Holyoke Sf 2 I LLC · 3 yrs held
Holyoke Sf 2 I LLC
since 2022
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
B1 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+105.8%
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
$3,550,000
ML approach
$3,530,000
CAP Approach
CAP Return
Estimation
6%
$3,585,000
6.5%
$3,310,000
7%
$3,075,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,590,000
Change: +106% · Conversion: Easy
Blend value · Realmo final
$3.57M
Range $3.21M – $3.92M · ±10% · vs last sale $3.71M (Nov 2 2022)
Last sale anchor
$3.71M
Nov 2 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
$224 / 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
Assessed value
$1,175,500
Assessed 2023
Previous assessed
$1,175,500
+0.0% YoY
Assessed land
$163,800
Assessed improvement
$1,011,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1911
Heating
STEAM
Buildings
1
Stories
4
Units
18
Bathrooms
7
Total area
15,940 SF
Lot
0.13 ac (5,811 SF)
Zoning code
B1
APN
SPRI S:08130 P:0256
UPID
US38-1573999
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B1 · Springfield, MA
Zoning B1 · permitted uses
B1 · 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
OFFICE BUILDING
Est. value
$2.6M
OFFICE BUILDING
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
1911
Heating
STEAM
Stories
4
Buildings
1
Units
18
Bathrooms
7
Lot
0.13 ac
Current owner
From public records · entity-resolved
Holyoke Sf 2 I LLC
Entity
Mailing address
2684 MAIN ST #2690, SPRINGFIELD, MA 01107-1509
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2024
—
Holyoke Sf 2 I LLC
—
Deed
related
$9,164,000 · Greenfield Savings Bank
Nov 2, 2022
$3,712,603
Holyoke Sf 2 I LLC
Main Sheldon LLC
Quit Claim Arm's Length For Ne States
—
Dec 6, 2006
—
224-224a Washington St. Nt
—
Deed Of Trust
related
$1,416,000 · Imperial Capital Bank
Sep 30, 2004
$940,000
Ilya Shnayder
Villar,salvador J
Grant Deed
$752,000 · Bayview Fin'l Trading Group
Jul 30, 2002
—
Salvador J Villar
—
Deed Of Trust
related
$175,000 · Henry J Desellier
Mar 22, 1994
$640,000
Visson INC
Desellier,henry J
Grant Deed
$641,700 · Zenon Grzybowski
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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