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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Investment properties
2882 Main St 2896 Springfield, MA 01107-1570
Entity Owned
3-yr Hold
Property ID
US38-1323855
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1905
Total area
22,400 SF
Lot
0.26 ac (11,125 SF)
Zoning code
B2
APN
SPRI S:08130 P:0275
UPID
US38-1323855
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$941k
Blend (final)
Blend
$1.46M
Owner & transaction history
2882 Main Street LLC · 3 yrs held
2882 Main Street LLC
since 2022
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
B2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+8.7%
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
$1,435,000
ML approach
$1,395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,770,000
Current use
RESTAURANT
$1,920,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$1,525,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±10% · vs last sale $1.50M (Nov 1 2022)
Last sale anchor
$1.50M
Nov 1 2022
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
$65 / 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
Assessed value
$1,021,800
Assessed 2023
Previous assessed
$1,021,800
+0.0% YoY
Assessed land
$200,200
Assessed improvement
$821,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1905
Heating
STEAM
Buildings
1
Stories
3
Units
22
Rooms
18
Bathrooms
7
Total area
22,400 SF
Lot
0.26 ac (11,125 SF)
Zoning code
B2
APN
SPRI S:08130 P:0275
UPID
US38-1323855
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B2 · Springfield, MA
Zoning B2 · permitted uses
B2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
RESTAURANT
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
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
1905
Heating
STEAM
Stories
3
Buildings
1
Units
22
Rooms
18
Bathrooms
7
Lot
0.26 ac
Current owner
From public records · entity-resolved
2882 Main Street LLC
Entity
Mailing address
2882 MAIN ST #2896, SPRINGFIELD, MA 01107-1570
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
$1,500,000
2882 Main Street LLC
Villar Real Estate INC
Quit Claim Arm's Length For Ne States
$1,190,000 · Easthampton Savings Bank
May 7, 2019
—
Villar R & E INC
Villar,salvador J
Quit Claim Deed
related
—
Oct 8, 2009
—
Salvador J Villar
—
Deed Of Trust
related
$200,000 · United Bank
Dec 9, 1994
—
Salvador J Villar
—
Deed Of Trust
related
$200,000 · Woronoco Savings Bank
Sep 25, 1987
—
Salvador J Villar
—
Deed Of Trust
related
$100,000 · Community Savings Bank
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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