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Property profile & analytics
FOR LEASE
Super regional malls
60 Shaker Rd, East Longmeadow, MA 01028
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-0945284
For Lease
1 / 13
$24 SF/Yr
60 Shaker Rd, East Longmeadow, MA 01028
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Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1980
Construction
FRAME
Total area
23,156 SF
Lot
1.1 ac (47,911 SF)
Zoning code
BUS
APN
ELON M:0027 B:0170 L:0000
UPID
US38-0945284
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
-
East Longmeadow House of Flowers (Bike/Boat/Book/etc) Store Florist
-
Sayegh Jewelers (Bike/Boat/Book/etc) Store
-
Be Skinful Spa & Massage Center Alternative Medicine Practice
-
Global Tech LLC Electrical Service General Contractor
-
Mario's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.96M
Owner & transaction history
Marth-e LLC · 5 yrs held
Marth-e LLC
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
BUS · East Longmeadow, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+279.2%
Commercial (general)
$2.4M
+266.0%
Office building
$2.3M
+256.8%
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 East Longmeadow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Longmeadow 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
$2,940,000
ML approach
$2,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,460,000
Change: +279% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,375,000
Change: +266% · Conversion: Easy
OFFICE BUILDING
$2,315,000
Change: +257% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,240,000
Change: +245% · Conversion: Difficult
Blend value · Realmo final
$2.96M
Range $2.66M – $3.26M · ±10% · vs last sale $3.00M (Apr 29 2021)
Last sale anchor
$3.00M
Apr 29 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
$128 / 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
$39,481
Tax year 2024
Assessed value
$2,129,500
Assessed 2024
Previous assessed
$2,129,500
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$276,000
Assessed improvement
$1,853,500
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
14
Bathrooms
4
Total area
23,156 SF
Lot
1.1 ac (47,911 SF)
Zoning code
BUS
APN
ELON M:0027 B:0170 L:0000
UPID
US38-0945284
Jurisdiction
EAST LONGMEADOW
Zoning & alternative use
BUS · East Longmeadow, MA
Zoning BUS · permitted uses
BUS · East Longmeadow, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Longmeadow. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1980
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
14
Bathrooms
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
Marth-e LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 91199, SPRINGFIELD, MA 01139-1199
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2021
$2,200,000
Marth-e LLC
Shaker Rd LLC
Foreclosure
related
—
Apr 28, 2021
$2,200,000
Marth-e LLC
Shaker Rd LLC
Foreclosure
related
$1,760,000 · Freedom Cu
May 17, 2018
$3,000,000
Shaker Rd LLC
East Meadows Realty LLC|workers Cu
Foreclosure
related
—
Nov 6, 2002
—
East Meadows Realty LLC
—
Deed Of Trust
related
$506,000 · Us Small Business Admn
Jul 18, 2002
—
E Meadows Rlty LLC
—
Deed Of Trust
related
$200,000 · Woronoco Savings Bank
Mar 20, 2002
—
Meadows Rlty E
—
Deed Of Trust
related
$1,585,000 · Woronoco Savings Bank
May 6, 1996
—
Steven Graziano
—
Deed Of Trust
related
$125,181 · Bank Of Western Massachusetts
Nov 14, 1995
—
Steven Graziano
—
Deed Of Trust
related
$100,000 · Bank Of Western Massachusetts
Dec 15, 1989
—
Steven Graziano
—
Deed Of Trust
related
$65,000 · Bank Of Western Massachusetts
Mar 20, 1989
—
Steven Graziano
—
Deed Of Trust
related
$1,610,000 · Ne Allbank For 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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