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Property profile & analytics
OFF-MARKET
Estimated value
$4,120,000
Specialty properties
3400 Main St, Springfield, MA 01199-1003
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1455213
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1988
Total area
38,024 SF
Lot
1.41 ac (61,420 SF)
Zoning code
I2
APN
SPRI S:08130 P:0885
UPID
US38-1455213
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
-
Scott D Rubin, PA Physician
-
Sara A. Rourke, MD Physician
-
Sunders Dorcely, CNP Physician
-
Paula Brooks, CNP Pediatrician Physician
-
Mark Andrew Foelster, PA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$4.12M
Owner & transaction history
Baystate Medical Center · 12 yrs held
Baystate Medical Center
since 2013
7 recorded transactions
Zoning & alternative use
I2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.2M
+134.0%
Auto repair, garage
$4.9M
+86.8%
Restaurant
$3.3M
+23.6%
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$2,640,000
Current use
OFFICE BUILDING
$6,175,000
Change: +134% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,930,000
Change: +87% · Conversion: Difficult
RESTAURANT
$3,260,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,000,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$2,585,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$4.12M
Range $3.71M – $4.53M · ±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
$108 / 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 2024Property tax & assessments
Tax year 2024
Assessed value
$5,662,300
Assessed 2024
Previous assessed
$5,662,300
+0.0% YoY
Assessed land
$464,300
Assessed improvement
$5,198,000
Comparables
3 recent transactions · within 1.5 miComparable in this city
3 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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Buildings
1
Stories
2
Rooms
18
Bathrooms
3
Total area
38,024 SF
Lot
1.41 ac (61,420 SF)
Zoning code
I2
APN
SPRI S:08130 P:0885
UPID
US38-1455213
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RESTAURANT
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.6M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
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
1988
Heating
FORCED AIR
Stories
2
Buildings
1
Rooms
18
Bathrooms
3
Lot
1.41 ac
Current owner
From public records · entity-resolved
Baystate Medical Center
Individual
Mailing address
759 CHESTNUT ST, SPRINGFIELD, MA 01107-1619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2013
$6,500,000
Baystate Medical Center
Stutz Realty LLC
Quit Claim Deed
—
Aug 9, 2007
$1
Stutz Realty LLC
Holman RT
Grant Deed
—
Aug 9, 2007
—
Stutz Realty LLC
—
Deed Of Trust
related
$5,000,000 · Peoples Bank Holyoke
Jan 5, 2007
—
Holman RT
—
Deed Of Trust
related
$400,000 · Thomas A Ricchi
Aug 15, 2002
—
Holman RT
—
Deed Of Trust
related
$150,000 · Woronoco Savings Bank
Jul 25, 2001
—
Holman RT
—
Deed Of Trust
related
$700,000 · Woronoco Savings Bank
Nov 16, 1998
—
Holman RT
—
Deed Of Trust
related
$500,000 · Woronoco Savings Bank
Aug 28, 1995
—
Holman RT
—
Deed Of Trust
related
$2,694,000 · Woronoco Savings Bank
Jul 27, 1994
—
Holman RT
—
Deed Of Trust
related
$1,040,000 · Woronoco Savings Bank
Aug 30, 1990
—
Holman RT
—
Deed Of Trust
related
$209,000 · Heritage/nis Bkforsvg
Mar 29, 1989
—
George W Holman
—
Deed Of Trust
related
$100,000 · Heritage/nis Bkforsvg
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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