New search
Property profile & analytics
OFF-MARKET
Estimated value
$10,375,000
Grocery and convenience stores
57 Main St, Westfield, MA 01085-3170
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1514178
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2000
Construction
STEEL FRAME
Total area
64,414 SF
Lot
6.62 ac (288,367 SF)
APN
WFLD M:12 L:1
UPID
US38-1514178
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
$8.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.52M
Blend (final)
Blend
$10.38M
Owner & transaction history
Haven Plz East Assoc LLC · 5 yrs held
Haven Plz East Assoc LLC
since 2021
Last sale
$10.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+31.9%
Auto repair, garage
$8.1M
+23.1%
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 Westfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westfield 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
$10,190,000
ML approach
$8,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,550,000
Current use
RESTAURANT
$8,640,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,065,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$10.38M
Range $9.34M – $11.41M · ±10% · vs last sale $10.40M (Feb 3 2021)
Last sale anchor
$10.40M
Feb 3 2021
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
$161 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$231,219
Tax year 2024
Assessed value
$7,366,000
Assessed 2024
Previous assessed
$6,828,300
+7.9% YoY
Effective rate
3.14%
On assessed value
Assessed land
$1,720,900
Assessed improvement
$5,645,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
64,414 SF
Lot
6.62 ac (288,367 SF)
APN
WFLD M:12 L:1
UPID
US38-1514178
Jurisdiction
WESTFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.6M
RESTAURANT
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
6.62 ac
Current owner
From public records · entity-resolved
Haven Plz East Assoc LLC
Entity
Mailing address
237 MAMARONECK AVE, WHITE PLAINS, NY 10605-1319
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2021
—
Haven Plz East Assoc LLC
Haven Plz East Assoc LP
Quit Claim Deed
related
—
Oct 26, 2010
—
Haven Plaza E Assoc
—
Deed Of Trust
related
$7,600,000 · Webster Bank
Dec 24, 2003
$10,400,000
Haven P LP
Oconnell Westfield Corp
Grant Deed
—
Dec 28, 2000
—
Westfld S LP
—
Deed Of Trust
related
$8,400,000 · Greenwich Capital Fin'l INC
Dec 21, 1999
—
Westfield S LP
—
Deed Of Trust
related
$8,150,000 · Springfield Inst For Saving
Nov 23, 1999
$1,250,000
Westfield S LP
Westfield Comnty Dev
Grant Deed
related
—
Jun 9, 1999
—
Comnty Dev Westfield
—
Deed Of Trust
related
$215,470 · Oconnell Engineering
Jul 15, 1998
—
Westfld Comnty Dev
—
Deed Of Trust
related
$162,266 · Worth Funding INC
Nov 20, 1996
$855,956
Alapco Holding INC
H B Smith Co INC
Grant Deed
—
Dec 20, 1990
—
Hb Smith Co INC
—
Deed Of Trust
related
$3,000,000 · Zuckerman Family Nomi
Oct 25, 1988
—
Hb Smith Co INC
—
Deed Of Trust
related
$9,000,000 · Bank Of New Eng, West
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 57 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
