Property profile

401 Chestnut St Springfield, MA 01104

OFF-MARKET
Medical Office Space
Property ID
US38-1780961
7,698 SF 0.26 ac lot Built 1984
Entity Owned 31-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Total area 7,698 SF
Lot 0.26 ac (11,286 SF)
Zoning code B1
APN SPRI S:02750 P:0437
UPID US38-1780961

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic Hospital
  • Medical Clinic
  • Physician
  • Physician

Location

401 Chestnut St Springfield, MA 01104-3404
Springfield metro Census 800900 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 1995
4 recorded transactions
2021
Price N/A
2004
Price N/A
1995
$440,000
1989
$650,000

Zoning & alternative use

B1 · Springfield, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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