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Property profile & analytics
OFF-MARKET
Investment properties
463-465 Belmont Ave Springfield, MA 01108
Individually Owned
3-yr Hold
Property ID
US38-2385015
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1914
Total area
5,479 SF
Lot
0.12 ac (5,284 SF)
Zoning code
B1
APN
SPRI S:01235 P:0276
UPID
US38-2385015
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Padam Gajmer · 3 yrs held
Padam Gajmer
since 2023
Last sale
$260,000
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 2024Property tax & assessments
Tax year 2024
Assessed value
$267,400
Assessed 2024
Previous assessed
$261,500
+2.3% YoY
Assessed land
$57,300
Assessed improvement
$210,100
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
1914
Heating
STEAM
Buildings
2
Stories
2
Units
2
Total area
5,479 SF
Lot
0.12 ac (5,284 SF)
Zoning code
B1
APN
SPRI S:01235 P:0276
UPID
US38-2385015
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
1914
Heating
STEAM
Stories
2
Buildings
2
Units
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Padam Gajmer
Individual
Mailing address
463 BELMONT AVE #465, SPRINGFIELD, MA 01108-1751
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2023
$260,000
Padam Gajmer
Suk Majhi
Deed
$195,000 · Paramount Residential Mortgage Grou
Jul 24, 2015
$188,000
Jagat Majhi
Lan Nguyen
Quit Claim Arm's Length For Ne States
$184,594 · Village Mortgage Corporation
Mar 10, 2009
—
Lan Nguyen
—
Deed Of Trust
related
$136,000 · Pioneer Valley Po FCU
Sep 5, 2008
$60,000
Lan Nguyen
Aegis Mortgage Corp
Grant Deed
—
May 18, 2007
$125,703
Aegis Mortgage Corp
Goodrow,debra A
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jul 26, 2005
—
Thomas R Goodrow
—
Deed Of Trust
related
$110,000 · Aegis Mortgage Corp
Sep 28, 2001
$80,000
Thomas R Goodrow
Allsop,patricia G
Grant Deed
$76,000 · Woronoco Savings Bank
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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