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Property profile & analytics
OFF-MARKET
Estimated value
$3,615,000
Commercial real estate
50 Maple St Springfield, MA 01103-1979
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1690659
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Total area
32,124 SF
Lot
1.64 ac (71,221 SF)
Zoning code
C1
APN
SPRI S:08218 P:0022
UPID
US38-1690659
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
-
Arminder Singh MD PC Medical Clinic
-
Dr. Moulin Chokshi Physician
-
Dr. Ali Haider Physician
-
Dr. Vikram Grewal Physician
-
James Arcoleo Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$3.62M
Owner & transaction history
Arcoleo Realty LLC · 8 yrs held
Arcoleo Realty LLC
since 2018
4 recorded transactions
Zoning & alternative use
C1 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.2M
+64.3%
Restaurant
$2.8M
+8.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,535,000
Current use
AUTO REPAIR, GARAGE
$4,165,000
Change: +64% · Conversion: Difficult
RESTAURANT
$2,755,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$2,185,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.62M
Range $3.25M – $3.98M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
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 2020Property tax & assessments
Tax year 2020
Tax billed
$77,974
Tax year 2020
Assessed value
$1,969,800
Assessed 2023
Previous assessed
$1,969,800
+0.0% YoY
Effective rate
3.96%
On assessed value
Assessed land
$374,300
Assessed improvement
$1,595,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1973
Heating
ELECTRIC
Buildings
2
Stories
3
Total area
32,124 SF
Lot
1.64 ac (71,221 SF)
Zoning code
C1
APN
SPRI S:08218 P:0022
UPID
US38-1690659
Jurisdiction
SPRINGFIELD
Zoning & alternative use
C1 · Springfield, MA
Zoning C1 · permitted uses
C1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RESTAURANT
Est. value
$2.8M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
ELECTRIC
Stories
3
Buildings
2
Lot
1.64 ac
Current owner
From public records · entity-resolved
Arcoleo Realty LLC
Entity
Mailing address
146 FEDERAL ST, GREENFIELD, MA 01301-2511
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2026
—
Arcoleo Realty LLC
—
Deed
related
$1,500,000 · Greenfield Savings Bank
Apr 30, 2018
$2,000,000
Arcoleo Realty LLC
Visiting Nurse Assn
Quit Claim Arm's Length For Ne States
$1,500,000 · Greenfield Savings Bank
Jan 14, 1997
—
Visting Nurse Fndtn
—
Deed Of Trust
related
$1,729,000 · Springfield Inst For Saving
Jul 29, 1994
$600,000
Merrill Block
50 Maple Assoc
Grant Deed
—
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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