New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,745,000
Manufacturing properties
6 Elise St, Westfield, MA 01085-1414
Entity Owned
~
Est. High Equity
Property ID
US38-0707793
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Construction
STEEL FRAME
Total area
93,664 SF
Lot
4.79 ac (208,652 SF)
APN
WFLD M:64-R L:27
UPID
US38-0707793
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
$5.55M
CAP Approach
CAP
$7.70M
Comparable Approach
Comparable
$4.64M
Blend (final)
Blend
$5.75M
Owner & transaction history
Tea-land Westfield LLC
Tea-land Westfield LLC
since 2025
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.5M
+81.2%
Office building
$8.6M
+63.4%
Commercial (general)
$7.8M
+49.1%
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
$5,375,000
ML approach
$5,550,000
CAP Approach
CAP Return
Estimation
6%
$8,335,000
6.5%
$7,695,000
7%
$7,145,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,255,000
Current use
RETAIL STORES
$9,525,000
Change: +81% · Conversion: Moderate
OFFICE BUILDING
$8,590,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,835,000
Change: +49% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,785,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$5.75M
Range $5.17M – $6.32M · ±10% · vs last sale $7.13M (Jun 4 2025)
Last sale anchor
$7.13M
Jun 4 2025
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
$61 / 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
$96,003
Tax year 2024
Assessed value
$3,058,400
Assessed 2024
Previous assessed
$2,731,100
+12.0% YoY
Effective rate
3.14%
On assessed value
Assessed land
$622,400
Assessed improvement
$2,436,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
93,664 SF
Lot
4.79 ac (208,652 SF)
APN
WFLD M:64-R L:27
UPID
US38-0707793
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.3M
RETAIL STORES
Est. value
$9.5M
OFFICE BUILDING
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.8M
WAREHOUSE, STORAGE
Est. value
$4.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1974
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
4.79 ac
Current owner
From public records · entity-resolved
Tea-land Westfield LLC
Entity
Mailing address
6 ELISE ST, WESTFIELD, MA 01085-1414
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
$7,125,000
Tea-land Westfield LLC
Re Invest I LLC
Deed
—
Jul 2, 2020
$5,500,000
Re Invest 1 LLC
Mcnairn Realty INC
Quit Claim Arm's Length For Ne States
$4,125,000 · Mid Penn Bank
Nov 21, 2002
—
Mcnairn Realty INC
—
Deed Of Trust
related
$1,900,000 · Hsbc Mortgage Corp
Nov 12, 1998
—
Mcnairn Rlty INC
—
Deed Of Trust
related
$500,000 · Bankboston Development Co LLC
Feb 21, 1992
—
Mcnairn Rlty INC
—
Deed Of Trust
related
$346,000 · Ma Certified Dev Corp
Jul 2, 1991
$840,000
Mcnairn Rlty INC
Hano RT
Grant Deed
$420,000 · Baybank Valley Trust
Jul 2, 1991
—
Mcnairn Rlty INC
—
Deed Of Trust
related
$500,000 · Baybank Valley Trust Co
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 6 Elise 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.
