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Financial
Distress signals
Property profile

612-616 Dwight St Springfield, MA 01103

FOR LEASE
Warehouses
Property ID
US38-2510724
36,000 SF 1.47 ac lot Built 1965
Last sale Sep 2024 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 36,000-square-foot industrial property, situated on a 1.46 acres lot in Springfield, Massachusetts, presents a unique investment opportunity. Built in 1965 and featuring a single-story, 36,000-square-foot building, this Class B industrial space offers versatile functionality as a distribution center, flex space, or manufacturing facility. The property boasts a 22-foot ceiling height, providing ample vertical storage capacity. Efficient logistics are ensured with two loading…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$53k
Tax billed · 2024
Assessed value$1.50M
Assessed land$877k
Assessed improvement$622k
Effective rate3.54%

Value estimate

· Oct 2026
$1.20M
$1.08M – $1.32M
AI approach$1.20M
Submarket $/SF estimate$1.16M
NOI build-up
Gross scheduled income$497k
Vacancy & credit loss−$27k
Operating expenses−$141k
NOI · 5,523,243.70% cap applied$329k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$51/SF
County average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$24 – $64

Cap rate analysis

How does the asset earn?
5,523,243.70%
$329k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I2
JurisdictionSPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply19.2
Wholesale Shop18.3
Furniture Store15.1

Location

612-616 Dwight St Springfield, MA 01103
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
77 Napier, Springfield, MA 01104-2414 $375,000 Sep 2023 14,526 SF
219 Memorial, Springfield, MA 01104-3228 $775,000 Jul 2023 13,968 SF
175 Progress, Springfield, MA 01104-3230 $600,000 May 2023 59,118 SF
89 Guion, Springfield, MA 01104-3001 $2,495,370 Mar 2022 38,368 SF
87 Avocado, Springfield, MA 01104-3303 $4,650,000 Dec 2021 69,280 SF
357 Cottage, Springfield, MA 01104-3589 $540,000 Dec 2018 32,680 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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