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Property profile & analytics
OFF-MARKET
Specialty properties
50 Wason Ave, Springfield, MA 01107-1274
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-1785522
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
2010
Total area
73,904 SF
Lot
4.51 ac (196,630 SF)
Zoning code
I2
APN
SPRI S:12030 P:0025
UPID
US38-1785522
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
-
Timothy J. Menz, MD Pediatrician Medical Clinic
-
Connecticut Children's at Baystate Children's Specialty Center Medical Clinic
-
Baystate Pediatric Cardiology - Springfield Medical Clinic
-
Adam J. David, MD Physician Medical Clinic
-
Ngoc-Quynh Nguyen Wells, PhD Physician Medical Clinic
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
Baystate Medical Ctr INC · 4 yrs held
Baystate Medical Ctr INC
since 2021
Last sale
$26.8M
3 recorded transactions
Zoning & alternative use
I2 · 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 2022Property tax & assessments
Tax year 2022
Tax billed
$610,644
Tax year 2022
Assessed value
$16,752,600
Assessed 2023
Previous assessed
$16,752,600
+0.0% YoY
Effective rate
3.65%
On assessed value
Assessed land
$1,334,800
Assessed improvement
$15,417,800
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
73,904 SF
Lot
4.51 ac (196,630 SF)
Zoning code
I2
APN
SPRI S:12030 P:0025
UPID
US38-1785522
Jurisdiction
SPRINGFIELD
Zoning & alternative use
I2 · Springfield, MA
Zoning I2 · permitted uses
I2 · 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
2010
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
4.51 ac
Current owner
From public records · entity-resolved
Baystate Medical Ctr INC
Entity
Free & Clear · 4 yrs held
Mailing address
123 PARK AVE, WEST SPRINGFIELD, MA 01089-3337
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
$26,762,981
Baystate Medical Ctr INC
Wason Ave Partners 3 LLC
Quit Claim Arm's Length For Ne States
—
Dec 14, 2010
—
Wason Ave Prtnrs 3 LLC
—
Deed Of Trust
related
$17,800,000 · United Bank
Jul 16, 2009
—
M&c Prtnrs LLC
—
Deed Of Trust
related
$2,600,000 · United 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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