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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Retail properties & Spaces
40 Saint James Blvd Springfield, MA 01104
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0394051
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1989
Total area
12,641 SF
Lot
0.73 ac (31,829 SF)
Zoning code
SB1B2
APN
SPRI S:11172 P:0006
UPID
US38-0394051
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.30M
Owner & transaction history
Alfred L Surprenant · 18 yrs held
Alfred L Surprenant
since 2008
5 recorded transactions
Zoning & alternative use
SB1B2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+138.9%
Auto repair, garage
$1.6M
+90.7%
Commercial (general)
$1.4M
+63.4%
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
RETAIL STORES
$860,000
Current use
OFFICE BUILDING
$2,055,000
Change: +139% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,640,000
Change: +91% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,405,000
Change: +63% · Conversion: Easy
RESTAURANT
$1,085,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$102 / 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
$45,715
Tax year 2023
Assessed value
$1,255,900
Assessed 2023
Previous assessed
$1,255,900
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$226,800
Assessed improvement
$1,029,100
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
6
Bathrooms
1
Total area
12,641 SF
Lot
0.73 ac (31,829 SF)
Zoning code
SB1B2
APN
SPRI S:11172 P:0006
UPID
US38-0394051
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SB1B2 · Springfield, MA
Zoning SB1B2 · permitted uses
SB1B2 · 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
RETAIL STORES Current
Est. value
$860,000
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
1989
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
6
Bathrooms
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Alfred L Surprenant
Individual
Mailing address
1259 E COLUMBUS AVE STE #201, SPRINGFIELD, MA 01105-2521
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2008
—
Alfred L Surprenant
—
Deed Of Trust
related
$773,665 · Bank Of Western Massachusetts
Jul 15, 2003
—
Alfred L Surprenant
—
Deed Of Trust
related
$1,130,000 · Bank Of Western Massachusetts
Jun 19, 1990
—
Alfred L Surprenant
—
Deed Of Trust
related
$1,336,000 · Zuckerman Family Nomi
Feb 27, 1990
—
Alfred L Surprenant
—
Deed Of Trust
related
$1,000,000 · Bank Of Western Massachusetts
Mar 12, 1987
—
Alfred L Surprenant
—
Deed Of Trust
related
$262,000 · 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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