Back to Search
Property profile & analytics
OFF-MARKET
Parking lots & garages
431 White St Springfield, MA 01108-2118
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1918259
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1921
Total area
10,000 SF
Lot
0.1 ac (4,522 SF)
Zoning code
B1
APN
SPRI S:12220 P:0222
UPID
US38-1918259
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
-
Gallo Mini Mart Grocery & Convenience Store Food Market
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
North Adams Realty LLC · 1 yrs held
North Adams Realty LLC
since 2024
7 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
$1,929
Tax year 2023
Assessed value
$53,000
Assessed 2023
Previous assessed
$53,000
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$48,600
Assessed improvement
$4,400
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1921
Heating
NONE
Buildings
1
Stories
2
Rooms
6
Bathrooms
1
Total area
10,000 SF
Lot
0.1 ac (4,522 SF)
Zoning code
B1
APN
SPRI S:12220 P:0222
UPID
US38-1918259
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
1921
Heating
NONE
Stories
2
Buildings
1
Rooms
6
Bathrooms
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
North Adams Realty LLC
Entity
Mailing address
785 WILLIAMS ST #352, LONGMEADOW, MA 01106-2063
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2024
$976,500
North Adams Realty LLC
Bkruptcy Of Sumner Ave Ll
Deed
—
Jun 14, 2019
—
Summer Ave LLC
—
Deed
related
$3,000,000 · Belvidere Cap LLC
Jan 23, 2013
—
Summer Ave LLC
—
Deed Of Trust
related
$900,000 · Freedom Cu
Sep 23, 2011
$765,000
Summer Ave LLC
Meb Assoc LLC
Grant Deed
$890,000 · New York Income Partners LLC
Jul 3, 2006
$1
Forest Park Commons INC
Stony Hill Realty LLC
Grant Deed
related
—
Jun 29, 2006
—
Golden Eagle Apartments
—
Deed Of Trust
related
$1,171,000 · Greystone Bank
Dec 18, 1997
—
Meb Assocs LLC
—
Deed Of Trust
related
$550,000 · Westfield Bank Fsb
Jun 6, 1995
$77,500
Mary E Boland
Porth,erich
Grant Deed
$62,000 · Westfield Bank Fsb
Jul 22, 1988
—
Erich Porth
—
Deed Of Trust
related
$50,000 · Baybank Valley Trust
—
—
Summer Ave LLC
—
Deed Of Trust
related
$3,000,000 · Belvidere Cap LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 431 White St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
