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Property profile & analytics
OFF-MARKET
Medical Office Space
439 Main St, Springfield, MA 01105
Entity Owned
13-yr Hold
Free & Clear
Property ID
US38-1488257
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Total area
5,520 SF
Lot
0.52 ac (22,499 SF)
Zoning code
B1
APN
SPRI S:08132 P:0178
UPID
US38-1488257
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
-
Mark Henry Florist (Bike/Boat/Book/etc) Store Florist
-
Orchard Family Dental LLC Dental Office
-
Family orchard dentist 🦷 Dental Office
-
Dr. Moataz M. Shaban, DMD Dental Office
-
Cooking with Chef Kelly Restaurant
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
Palazzesi Realty LLC · 13 yrs held
Palazzesi Realty LLC
since 2012
5 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
$17,115
Tax year 2023
Assessed value
$470,200
Assessed 2023
Previous assessed
$470,200
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$108,400
Assessed improvement
$361,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
14
Bathrooms
3
Total area
5,520 SF
Lot
0.52 ac (22,499 SF)
Zoning code
B1
APN
SPRI S:08132 P:0178
UPID
US38-1488257
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
1978
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
14
Bathrooms
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Palazzesi Realty LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2133 BOSTON RD, WILBRAHAM, MA 01095-1252
Ownership since
2012
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
Aug 8, 2012
—
Palazzesi Realty LLC
—
Deed Of Trust
related
$5,180,000 · Monson Savings Bank
Aug 8, 2012
$1
Palazzesi Realty LLC
Palazzesi,antonio L
Grant Deed
related
—
Feb 27, 1995
—
Antonio L Palazzesi
—
Deed Of Trust
related
$95,000 · Country Bank
Apr 9, 1991
—
Antonio L Palazzesi
—
Deed Of Trust
related
$635,000 · Bank Of New England West
Feb 4, 1987
—
Antonio L Palazzesi
—
Deed Of Trust
related
$120,000 · Bank Of New Eng, West
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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