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Property profile & analytics
OFF-MARKET
Medical Office Space
535 Allen St, Springfield, MA 01118-2067
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US38-1019912
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1961
Total area
4,437 SF
Lot
0.71 ac (30,753 SF)
Zoning code
SR1C1
APN
SPRI S:00280 P:1190
UPID
US38-1019912
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
-
Springfield Chiropractic Sport Alternative Medicine Practice
-
John Wegiel, DC Alternative Medicine Practice
-
James R. Collard, DC Alternative Medicine Practice
-
Leahy & Brown Insurance-Realty Insurance Agency
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
James Collard · 14 yrs held
James Collard
since 2011
7 recorded transactions
Zoning & alternative use
SR1C1 · 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
$10,844
Tax year 2023
Assessed value
$297,900
Assessed 2023
Previous assessed
$297,900
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$133,800
Assessed improvement
$164,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1961
Heating
STEAM
Buildings
1
Stories
1
Rooms
6
Bathrooms
2
Total area
4,437 SF
Lot
0.71 ac (30,753 SF)
Zoning code
SR1C1
APN
SPRI S:00280 P:1190
UPID
US38-1019912
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SR1C1 · Springfield, MA
Zoning SR1C1 · permitted uses
SR1C1 · 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
1961
Heating
STEAM
Stories
1
Buildings
1
Rooms
6
Bathrooms
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
James Collard
Individual
Mailing address
535 ALLEN ST, SPRINGFIELD, MA 01118-2067
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2011
$33,460
James Collard
Farrell,janet
Grant Deed
—
Jul 17, 2008
$175,000
James Collard
Lawler,dennis M
Grant Deed
$280,000 · Country Bank
Dec 11, 2002
—
Michael J Farrell
—
Deed Of Trust
related
$36,000 · Wylie C Hubbard
Oct 5, 2001
$210,000
Michael J Farrell
Lawler,dennis M
Grant Deed
$160,000 · Wylie C Hubbard
Feb 9, 1996
—
Donald J Smith
—
Deed Of Trust
related
$180,000 · Wylie C Hubbard
Jul 6, 1993
—
Earl R Quimby
—
Deed Of Trust
related
$333,753 · Ne Allbank For Savings
Sep 8, 1989
$14,000
James M Garvey
Weeks,c Wallace
Grant Deed
$375,000 · Ne Allbank For Svgs
Jun 9, 1988
$400,000
C Wallace Weeks
Kresock,joseph W
Grant Deed
$370,000 · Springfield Inst Svgs
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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