Property profile

280 Chestnut St Springfield, MA 01104

OFF-MARKET
Specialty properties
Property ID
US38-1090792
126,360 SF 3.39 ac lot Built 1971
Individually Owned 27-yr Hold Free & Clear
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Property profile

Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1971
Total area 126,360 SF
Lot 3.39 ac (147,834 SF)
Zoning code SB1B2
APN SPRI S:02750 P:0085
UPID US38-1090792

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pediatrician Medical Clinic
  • Physician
  • Physician
  • Physician
  • Physician Medical Clinic

Location

280 Chestnut St Springfield, MA 01104-3563
Springfield metro Census 801101 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.10M
Blend (final) Blend
$6.72M

Owner & transaction history

since 1998
4 recorded transactions
1998
$8.5M
1992
$11.0M
1992
$11.3M
1987
Price N/A

Zoning & alternative use

SB1B2 · Springfield, MA
Top alternative use upside
Restaurant $10.8M +23.6%

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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