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Property profile & analytics
OFF-MARKET
Investment properties
447-451 State St 451 Springfield, MA 01105-1321
Individually Owned
2-yr Hold
Property ID
US38-0801281
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
9,495 SF
Lot
0.08 ac (3,319 SF)
Zoning code
B1
APN
SPRI S:11110 P:0568
UPID
US38-0801281
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
-
Speedy Payday Loans Loan Service
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
Soun E Chheou · 2 yrs held
Soun E Chheou
since 2024
Last sale
$615,000
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
Assessed value
$390,700
Assessed 2023
Previous assessed
$390,700
+0.0% YoY
Assessed land
$44,600
Assessed improvement
$346,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
STEAM
Buildings
1
Stories
3
Units
4
Total area
9,495 SF
Lot
0.08 ac (3,319 SF)
Zoning code
B1
APN
SPRI S:11110 P:0568
UPID
US38-0801281
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
1900
Heating
STEAM
Stories
3
Buildings
1
Units
4
Lot
0.08 ac
Current owner
From public records · entity-resolved
Soun E Chheou
Individual
Mailing address
447 STATE ST #451, SPRINGFIELD, MA 01105-1321
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
$615,000
Soun E Chheou
447 State Street LLC
Quit Claim Arm's Length For Ne States
$461,250 · Foundation Mortgage Corp
Aug 12, 2020
—
447 State Street LLC
Napolitano Invs LLC
Quit Claim Deed
related
$50,000 · Pinnacle Capital Partners
Feb 27, 2020
$235,000
Invs Napolitano
Chris Kozaczka
Quit Claim Deed
—
Dec 29, 2004
$246,000
Chris Kozaczka
Laplante,bonnie A
Grant Deed
$192,000 · Banknorth NA
Feb 1, 2002
$230,000
Jeffrey A Laplante
447 State St RT
Grant Deed
$190,000 · Zuckerman Family Nomi
May 8, 1996
—
447 State St RT
—
Deed Of Trust
related
$312,000 · Wylie C Hubbard
Jan 22, 1991
$65,000
Russell T Cable
Frodema,thomas P
Grant Deed
—
Dec 15, 1989
—
Thomas P Frodema
—
Deed Of Trust
related
$30,000 · Heritage/nis Bkforsvg
Jul 16, 1987
$80,000
Thomas P Frodema
Rlty 85 LP
Grant Deed
$125,000 · Bankboston Development Co 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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