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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Turn key restaurants
270 Cooley St Springfield, MA 01128-1112
Entity Owned
28-yr Hold
Free & Clear
Property ID
US38-1464813
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Total area
8,800 SF
Lot
0.51 ac (22,107 SF)
Zoning code
SR1B1
APN
SPRI S:03170 P:0032
UPID
US38-1464813
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
-
IHOP Restaurant
-
Rhena Wine Store Specialty Food Shop Wine and Liquor Store
-
TenderFix by Noah Schnapp Restaurant
-
Reynaldo Oil Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$967k
Blend (final)
Blend
$1.09M
Owner & transaction history
Hre Prop INC · 28 yrs held
Hre Prop INC
since 1998
7 recorded transactions
Zoning & alternative use
SR1B1 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+89.3%
Auto repair, garage
$1.1M
+51.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$755,000
Current use
OFFICE BUILDING
$1,430,000
Change: +89% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,140,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$695,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$123 / 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
$56,879
Tax year 2023
Assessed value
$1,562,600
Assessed 2023
Previous assessed
$1,562,600
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$258,400
Assessed improvement
$1,304,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1978
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
8,800 SF
Lot
0.51 ac (22,107 SF)
Zoning code
SR1B1
APN
SPRI S:03170 P:0032
UPID
US38-1464813
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SR1B1 · Springfield, MAZoning SR1B1 · permitted uses
SR1B1 · Springfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$755,000
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$695,000
RESTAURANT Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1978
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
Hre Prop INC
Entity
Free & Clear · 28 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Ownership since
1998
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
Jan 21, 1998
$475,000
Hre Prop INC
Mikara Dora LLC
Grant Deed
—
Dec 24, 1996
—
Mikara Dora LLC
—
Deed Of Trust
related
$138,236 · Mikara Dora INC
Dec 23, 1996
$700,000
Mikara Dora LLC
Mikara Dora INC
Grant Deed
related
—
Sep 24, 1996
—
Mikara Dora INC
—
Deed Of Trust
related
$262,000 · Michael A Cimmino
Jul 20, 1994
$250,000
Michael A Cimmino
Paley,maureen E
Grant Deed
—
May 8, 1992
—
Maureen E Paley
—
Deed Of Trust
related
$287,000 · Michael A Cimmino
Aug 30, 1991
—
Maureen E Paley
—
Deed Of Trust
related
$255,368 · Michael Cimmino
Jul 9, 1991
—
Maureen E Paley
—
Deed Of Trust
related
$195,750 · Michael Cimmino
Dec 28, 1988
—
Maureen E Paley
—
Deed Of Trust
related
$410,000 · Ne Allbank For Svgs
Oct 6, 1987
—
Maureen E Paley
—
Deed Of Trust
related
$45,000 · Ne Allbank For Svgs
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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