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Property profile & analytics
OFF-MARKET
Turn key restaurants
477 Page Blvd, Springfield, MA 01104-3045
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0727015
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Total area
1,816 SF
Lot
0.23 ac (9,875 SF)
Zoning code
B1
APN
SPRI S:09440 P:1037
UPID
US38-0727015
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
-
2 Guys Pizzeria Restaurant
-
Gabriels Creole Delights Food Market Restaurant
-
Patty Cakes Gourmet Cupcakes Bakery Specialty Food Shop
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
Nuccios INC · 7 yrs held
Nuccios INC
since 2019
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
$6,716
Tax year 2023
Assessed value
$184,500
Assessed 2023
Previous assessed
$184,500
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$54,400
Assessed improvement
$130,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
16
Bathrooms
3
Total area
1,816 SF
Lot
0.23 ac (9,875 SF)
Zoning code
B1
APN
SPRI S:09440 P:1037
UPID
US38-0727015
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
1960
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
16
Bathrooms
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Nuccios INC
Entity
Mailing address
477 PAGE BLVD, SPRINGFIELD, MA 01104-3045
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Jun 3, 2025
—
Nuccios INC
—
Deed
related
$217,000 · Velocity Commercial Capital LLC
Jul 11, 2023
—
Nuccios INC
—
Deed
related
$213,000 · World Bus Lenders LLC
Apr 16, 2021
—
Nuccios INC
—
Deed
related
$150,000 · George Frangenes
Feb 26, 2019
—
Nuccios INC
Carmine Picardi
Quit Claim Deed
related
$120,000 · Whistler Retirement
Mar 30, 2017
—
Carmine Picardi
—
Deed
related
$10,000 · Lendtuit LLC
Jul 1, 2003
$160,000
Carmine Picardi
Luce,kenneth
Grant Deed
$100,000 · Bank Of Western Massachusetts
—
—
Carmine Picardi
—
Deed Of Trust
related
$10,000 · Lendtuit 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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