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Property profile

287 N Elm St Westfield, MA 01085

FOR SALE
Turn key restaurants
Property ID
US38-1352289
2,181 SF 0.65 ac lot Built 1960
Last sale Aug 2023 · $280,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional opportunity presents the acquisition of "The Whip," a well-established bar and restaurant located at 287 N Elm St, Westfield, MA. Established in 2000, this turn-key operation boasts a prime location on Route 202, ensuring phenomenal visibility and easy access to major roadways. The property itself sits on a 0.65-acre lot and includes a comprehensive array of features designed to maximize operational efficiency and customer experience. Recent upgrades include updated…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$225k
Assessed land$74k
Assessed improvement$151k
Effective rate3.14%

Value estimate

· Oct 2026
$235k
$212k – $259k
AI approach$240k
NOI build-up
Gross scheduled income$39k
Vacancy & credit loss−$2k
Operating expenses−$9k
NOI · 4.03% cap applied$28k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$134/SF
County average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$44 – $249
Qualifying comparables3

Cap rate analysis

How does the asset earn?
4.03%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWESTFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.2
Hair Salon9.9
Furniture Store9.7

Location

287 N Elm St Westfield, MA 01085
County assessor Recorded deeds · 9 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
225 Main, Westfield, MA 01085-3307 $1,900,433 Dec 2025 2,368 SF
383 Southampton, Westfield, MA 01085-1324 $220,000 Nov 2024 2,190 SF
72 Ml, Westfield, MA 01085-4259 $555,000 Oct 2024 1,865 SF
74 Ct, Westfield, MA 01085-3510 $235,000 Jun 2023 2,569 SF
518 Southampton, Westfield, MA 01085-1327 $270,000 Jun 2023 2,500 SF
475 Southampton, Westfield, MA 01085-1495 $1,300,000 Apr 2023 2,168 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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