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Property profile & analytics
OFF-MARKET
Estimated value
$3,915,000
Industrial properties
34 Frnt St, Springfield, MA 01151-1176
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1815351
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1910
Total area
5,400 SF
Lot
0.36 ac (15,612 SF)
Zoning code
I2
APN
SPRI S:05430 P:0016
UPID
US38-1815351
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
$3.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.92M
Owner & transaction history
Honore LLC · 5 yrs held
Honore LLC
since 2020
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
I2 · 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
Method
Estimation
Statistic approach
$3,905,000
ML approach
$3,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.92M
Range $3.52M – $4.31M · ±10% · vs last sale $4.00M (Jul 13 2020)
Last sale anchor
$4.00M
Jul 13 2020
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
$725 / 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
Tax billed
$3,775
Tax year 2023
Assessed value
$103,700
Assessed 2023
Previous assessed
$103,700
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$41,100
Assessed improvement
$62,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1910
Heating
STEAM
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
5,400 SF
Lot
0.36 ac (15,612 SF)
Zoning code
I2
APN
SPRI S:05430 P:0016
UPID
US38-1815351
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.
Building & site characteristics
From public records
Year built
1910
Heating
STEAM
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Honore LLC
Entity
Mailing address
265 STATE ST, SPRINGFIELD, MA 01103-1950
Ownership since
2020
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
Jul 13, 2020
$4,000,000
Honore LLC
C B Prop Mgmt INC
Quit Claim Deed
$2,500,000 · Peoplesbank (holyoke Ma)
Aug 26, 2010
—
Cb Property Mgmt INC
—
Deed Of Trust
related
$435,000 · Hampden Savings Bank
Aug 9, 2002
—
Cb Prop Mgmt INC
—
Deed Of Trust
related
$567,000 · Banknorth NA
Jun 6, 2001
$35,000
Priority Investments
Standex Intl Corp
Grant Deed
$30,000 · Zenon Grzybowski
Feb 5, 1999
$565,000
Cb Prop Mgmt INC
Indian Orchard Mills
Grant Deed
$120,000 · Zenon Grzybowski
Feb 5, 1999
—
Orchard Mills Indian
—
Deed Of Trust
related
$480,000 · Springfield Inst For Saving
Nov 1, 1996
$100,000
Orchard Mills Indian
Dane,muriel
Grant Deed
—
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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