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Property profile & analytics
OFF-MARKET
Specialty properties
287 State St, Springfield, MA 01105-1812
Individually Owned
5-yr Hold
Free & Clear
Property ID
US38-1429084
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1971
Total area
7,897 SF
Lot
0.16 ac (6,874 SF)
Zoning code
C1
APN
SPRI S:11110 P:0602
UPID
US38-1429084
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
-
Open Door Social Services Social Service Agency Charitable Organization
-
Food Distribution Center - Open Pantry Community Services, Inc. Food Bank Charitable Organization
-
Jefferson Avenue Shelter Social Service Agency Charitable Organization
-
Springfield City Homeless Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
S Middlesex Non-profit · 5 yrs held
S Middlesex Non-profit
since 2021
Last sale
$105,000
7 recorded transactions
Zoning & alternative use
C1 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$281,100
Assessed 2023
Previous assessed
$339,600
-17.2% YoY
Assessed land
$63,300
Assessed improvement
$217,800
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1971
Heating
SPACE
Buildings
1
Stories
2
Units
4
Total area
7,897 SF
Lot
0.16 ac (6,874 SF)
Zoning code
C1
APN
SPRI S:11110 P:0602
UPID
US38-1429084
Jurisdiction
SPRINGFIELD
Zoning & alternative use
C1 · Springfield, MA
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1971
Heating
SPACE
Stories
2
Buildings
1
Units
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
S Middlesex Non-profit
Individual
Free & Clear · 5 yrs held
Mailing address
7 BISHOP ST, FRAMINGHAM, MA 01702-8323
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2021
—
S Middlesex Hsng Corp
—
Deed
related
$4,529,250 · Brookline Bank
Jun 18, 2021
—
South Middlesex Hsng Corp
—
Deed
related
$4,529,250 · Brookline Bank
Apr 28, 2021
—
S Middlesex Non-profit
Open Pantry Cmnty Svcs
Quit Claim Deed
related
—
Nov 26, 2008
—
Open Pantry Commun Svcs
—
Deed Of Trust
related
$150,000 · Peoples Bank Holyoke
Jun 18, 2008
—
Open Pantry Communit Svcs
—
Deed Of Trust
related
$75,000 · Peoples Bank Holyoke
Jun 27, 2007
—
Open Pantry Cmnty Svcs
—
Deed Of Trust
related
$150,000 · Peoples Bank Holyoke
Jun 15, 2007
—
Open Pantry Communit Svcs
—
Deed Of Trust
related
$120,000 · Peoples Bank Holyoke
Jul 26, 1996
$105,000
Open Pantry Comnty Svc
New Bank New Eng
Grant Deed
$75,000 · Bank Of Western Massachusetts
Jul 1, 1994
—
Michael J O'malley
—
Deed Of Trust
related
$361,372 · Bank Of Western Massachusetts
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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