New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,660,000
Industrial properties
380 Un St, West Springfield, MA 01089-4127
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0155542
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
553,495 SF
Lot
19.94 ac (868,680 SF)
APN
WSPR M:00238 B:01250 L:00031
UPID
US38-0155542
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
-
Trailer Hitches at U-Haul Auto Parts Store
-
Lexington Group Inc. Furniture & Home Goods
-
Chicopee Register Publishing House Newspaper & Magazine
-
Villa Rica Ascott LP Hotel & Motel Resort
-
Specialized Counseling Services Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.10M
Blend (final)
Blend
$9.66M
Owner & transaction history
Arec 32 LLC · 7 yrs held
Arec 32 LLC
since 2019
6 recorded transactions
Zoning & alternative use
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 West Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
Blend value · Realmo final
$9.66M
Range $8.69M – $10.63M · ±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
$17 / 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
$183,568
Tax year 2020
Assessed value
$6,741,700
Assessed 2024
Previous assessed
$6,348,200
+6.2% YoY
Effective rate
2.72%
On assessed value
Assessed land
$2,289,400
Assessed improvement
$4,452,300
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
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
YES
Buildings
3
Stories
3
Units
98
Bathrooms
2
Total area
553,495 SF
Lot
19.94 ac (868,680 SF)
APN
WSPR M:00238 B:01250 L:00031
UPID
US38-0155542
Jurisdiction
WEST SPRINGFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1921
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
3
Units
98
Bathrooms
2
Lot
19.94 ac
Current owner
From public records · entity-resolved
Arec 32 LLC
Entity
Mailing address
PO BOX 29046, PHOENIX, AZ 85038-9046
Ownership since
2019
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
Dec 14, 2022
—
Arec 32 LLC
—
Deed
related
$26,000,000 · Voya Retirement Ins A
Dec 6, 2022
—
Arec 32 LLC
—
Deed
related
$26,000,000 · Voya Retirement Ins
May 20, 2019
—
Arec 32 LLC
380 Union LLC
Quit Claim Deed
related
$36,000,000 · Miscellaneous Fin & Mtg Co
Feb 14, 2014
$4,000,000
380 Union LLC
380 Union St Props LLC
Quit Claim Deed
related
—
Jan 17, 2003
$7,750,000
380 Union St. Prop
Syg I LP
Grant Deed
$6,400,000 · Ubs Warburg Real Esta
Nov 15, 1999
—
Sygi Ptnshp
—
Deed Of Trust
related
$1,500,000 · Wylie C Hubbard
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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