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Property profile & analytics
OFF-MARKET
Estimated value
$2,305,000
Office buildings
604 Cottage St, Springfield, MA 01104-4200
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US38-1851064
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1953
Total area
9,940 SF
Lot
1.03 ac (44,867 SF)
Zoning code
I2
APN
SPRI S:03310 P:0108
UPID
US38-1851064
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
-
Trabaja Con Personas Mayores Medical Clinic
-
International Health Services, Inc. Home Health Care Service
-
Serenity Care Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.25M
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$2.31M
Owner & transaction history
604 Cottage Street LLC · 20 yrs held
604 Cottage Street LLC
since 2006
4 recorded transactions
Zoning & alternative use
I2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,435,000
6.5%
$2,245,000
7%
$2,085,000
Blend value · Realmo final
$2.31M
Range $2.07M – $2.54M · ±10%
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
$232 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$33,637
Tax year 2023
Assessed value
$924,100
Assessed 2023
Previous assessed
$924,100
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$92,400
Assessed improvement
$831,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1953
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
1
Bathrooms
1
Total area
9,940 SF
Lot
1.03 ac (44,867 SF)
Zoning code
I2
APN
SPRI S:03310 P:0108
UPID
US38-1851064
Jurisdiction
SPRINGFIELD
Zoning & alternative use
I2 · Springfield, MA
Zoning I2 · permitted uses
I2 · 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
1953
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
1
Bathrooms
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
604 Cottage Street LLC
Entity
Mailing address
PO BOX 2006, ANDOVER, MA 01810-0106
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2008
—
604 Cottage Street LLC
—
Deed Of Trust
related
$575,000 · Two Ritas Partners
May 10, 2006
$800,000
604 Cottage Street LLC
Young,edward L
Grant Deed
$640,000 · Boston Private Bank
Dec 24, 2001
—
Edward L Young
—
Deed Of Trust
related
$442,148 · Wylie C Hubbard
Feb 11, 1999
—
Edward L Young
—
Deed Of Trust
related
$375,000 · Wylie C Hubbard
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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