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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Industrial properties
321 Albany St, Springfield, MA 01105-1043
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0263269
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1940
Total area
7,218 SF
Lot
0.38 ac (16,666 SF)
Zoning code
I2
APN
SPRI S:00160 P:0101
UPID
US38-0263269
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
-
New England Fit And MMA Training Center Sports School
-
Journey Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$449k
Blend (final)
Blend
$590k
Owner & transaction history
Jad Realty LLC · 10 yrs held
Jad Realty LLC
since 2016
7 recorded transactions
Zoning & alternative use
I2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$935,000
+165.0%
Restaurant
$620,000
+75.4%
Commercial (general)
$530,000
+50.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$935,000
Change: +165% · Conversion: Easy
RESTAURANT
$620,000
Change: +75% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$490,000
Change: +39% · Conversion: Moderate
WAREHOUSE, STORAGE
$370,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
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
$82 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$13,750
Tax year 2020
Assessed value
$491,200
Assessed 2023
Previous assessed
$491,200
+0.0% YoY
Effective rate
2.80%
On assessed value
Assessed land
$42,200
Assessed improvement
$449,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1940
Heating
FORCED AIR
Buildings
2
Stories
1
Rooms
12
Bathrooms
2
Total area
7,218 SF
Lot
0.38 ac (16,666 SF)
Zoning code
I2
APN
SPRI S:00160 P:0101
UPID
US38-0263269
Jurisdiction
SPRINGFIELD
Zoning & alternative use
I2 · Springfield, MA
Zoning I2 · permitted uses
I2 · 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
AUTO REPAIR, GARAGE
Est. value
$935,000
RESTAURANT
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$530,000
RETAIL STORES
Est. value
$490,000
WAREHOUSE, STORAGE
Est. value
$370,000
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1940
Heating
FORCED AIR
Stories
1
Buildings
2
Rooms
12
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Jad Realty LLC
Entity
Mailing address
256 STARLING RD, SPRINGFIELD, MA 01119-2238
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2016
$410,000
Jad Realty LLC
B & M Realty Corp
Quit Claim Deed
$389,500 · B&m Realty Corp
Jul 11, 2006
—
B&m Realty Corp
—
Deed Of Trust
related
$535,000 · Bank Of Western Massachusetts
Jan 18, 2006
$380,000
B&m Realty Corp
Black Iris Holdings LLC
Grant Deed
$499,000 · United Bank
Nov 4, 2005
—
Black Iris Holdings LLC
—
Deed Of Trust
related
$200,000 · Frederic Lowen
Nov 2, 2005
$1
Black Iris Hldg LLC
Bobker Rlty Assoc
Grant Deed
related
—
Sep 29, 2005
$150,000
Black Iris Holdings LLC
Bobker Rlty Assoc
Grant Deed
$200,000 · United Bank
Apr 22, 1987
$350,000
Bobker Rlty Assoc
Globe Rubber Works
Grant Deed
$280,000 · Zuckerman Family Nomi
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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