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Property profile & analytics
OFF-MARKET
Showrooms
57-59 Observer St Springfield, MA 01104
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-0865033
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1958
Total area
6,985 SF
Lot
0.32 ac (14,100 SF)
Zoning code
B2
APN
SPRI S:09227 P:0006
UPID
US38-0865033
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
Mnj LLC · 9 yrs held
Mnj LLC
since 2017
7 recorded transactions
Zoning & alternative use
B2 · 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
$13,100
Tax year 2023
Assessed value
$359,900
Assessed 2023
Previous assessed
$359,900
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$50,700
Assessed improvement
$309,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1958
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
6,985 SF
Lot
0.32 ac (14,100 SF)
Zoning code
B2
APN
SPRI S:09227 P:0006
UPID
US38-0865033
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B2 · Springfield, MA
Zoning B2 · permitted uses
B2 · 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
1958
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Mnj LLC
Entity
Mailing address
1462 STATE ST, SPRINGFIELD, MA 01109-2535
Ownership since
2017
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
Mar 31, 2017
$345,000
Mnj LLC
59 Observer Street LLC
Quit Claim Arm's Length For Ne States
$280,000 · Monson Savings Bank
Dec 4, 2014
$84,000
59 Observer Street LLC
Quinn,michael
Grant Deed
—
Nov 20, 1997
—
James Kennedy
—
Deed Of Trust
related
$76,000 · Park West Bank
Aug 18, 1995
$86,000
James Kennedy
United Coop Bk
Grant Deed
$79,000 · Wylie C Hubbard
Apr 27, 1995
$75,000
United Coop Bk
Milano,gaetano J
Grant Deed
related
—
Oct 21, 1988
$265,000
Gaetano J Milano
Viviano,ralph L
Grant Deed
$220,000 · Wylie C Hubbard
Sep 18, 1987
—
Ralph L Viviano
—
Deed Of Trust
related
$160,000 · Bankboston Western Ma
Jun 9, 1987
$20,000
Ralph L Viviano
Cove,gary
Grant Deed
$20,000 · Zenon Grzybowski
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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