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Property profile & analytics
OFF-MARKET
Retail space
363 Boston Rd Springfield, MA 01109-1211
Individually Owned
35-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1669162
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Total area
4,253 SF
Lot
0.31 ac (13,538 SF)
Zoning code
B1
APN
SPRI S:01655 P:0706
UPID
US38-1669162
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
-
Fabulous Cuts Barber Shop
-
Unique Beauty Salon Hair Salon Nail Salon
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
Michael J Hyder · 35 yrs held
Michael J Hyder
since 1990
6 recorded transactions
Zoning & alternative use
B1 · 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
Tax billed
$10,330
Tax year 2023
Assessed value
$283,800
Assessed 2023
Previous assessed
$283,800
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$85,200
Assessed improvement
$198,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Heating
SPACE
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
4,253 SF
Lot
0.31 ac (13,538 SF)
Zoning code
B1
APN
SPRI S:01655 P:0706
UPID
US38-1669162
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B1 · Springfield, MA
Zoning B1 · permitted uses
B1 · 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
1940
Heating
SPACE
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Michael J Hyder
Individual
Mailing address
381 BOSTON RD, SPRINGFIELD, MA 01109-1211
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1990
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
—
Moe Rlty LLC
—
Deed
related
$600,000 · Liberty Bank
Oct 25, 2011
—
Moe Realty LLC
—
Deed Of Trust
$200,000 · Peoples Bank Holyoke
Apr 15, 2003
—
Michael J Hyder
—
Deed Of Trust
related
$391,000 · Bank Of Western Massachusetts
Aug 13, 1991
—
Michael J Hyder
—
Deed Of Trust
related
$100,000 · Springfield Inst For Saving
Aug 3, 1990
$150,000
Michael J Hyder
Basile,diana A
Grant Deed
$105,000 · Bank Of Western Massachusetts
Aug 11, 1987
—
Diana Basile Altwein
—
Deed Of Trust
related
$50,000 · Multibank National Western Ma
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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