Property profile

278-280 Main St Springfield, MA 01151

OFF-MARKET
Turn key restaurants
Property ID
US38-1520304
4,822 SF 0.17 ac lot Built 1951
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1951
Total area 4,822 SF
Lot 0.17 ac (7,349 SF)
Zoning code SR3B1
APN SPRI S:08132 P:0068
UPID US38-1520304

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

278-280 Main St Springfield, MA 01151
Springfield metro Census 800102 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2021
Last sale
$280,000
5 recorded transactions
2021
$280,000
2006
$300,000
1997
Price N/A
1989
$250,000
1988
$190,000

Zoning & alternative use

SR3B1 · Springfield, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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