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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Super regional malls
644 State St Springfield, MA 01109-4106
Entity Owned
13-yr Hold
Free & Clear
Property ID
US38-1516282
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2014
Total area
17,408 SF
Lot
3.38 ac (147,233 SF)
Zoning code
B2
APN
SPRI S:11110 P:0125
UPID
US38-1516282
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
-
Family Dollar Discount Store
-
O'Reilly Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$700k
Owner & transaction history
State Street Retail LLC · 13 yrs held
State Street Retail LLC
since 2012
6 recorded transactions
Zoning & alternative use
B2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$855,000
+75.6%
Medical building
$785,000
+60.9%
Industrial (general)
$595,000
+21.7%
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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Current use
RETAIL STORES
$855,000
Change: +76% · Conversion: Easy
MEDICAL BUILDING
$785,000
Change: +61% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$595,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$40 / 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
$90,964
Tax year 2023
Assessed value
$2,499,000
Assessed 2023
Previous assessed
$2,499,000
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$568,300
Assessed improvement
$1,930,700
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
Off-Market
Year built
2014
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
17,408 SF
Lot
3.38 ac (147,233 SF)
Zoning code
B2
APN
SPRI S:11110 P:0125
UPID
US38-1516282
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B2 · Springfield, MA
Zoning B2 · permitted uses
B2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$490,000
RETAIL STORES
Est. value
$855,000
MEDICAL BUILDING
Est. value
$785,000
INDUSTRIAL (GENERAL)
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
2014
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
3.38 ac
Current owner
From public records · entity-resolved
State Street Retail LLC
Entity
Free & Clear · 13 yrs held
Mailing address
1259 E COLUMBUS AVE STE #201, SPRINGFIELD, MA 01105-2523
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2012
$800,000
State Street Retail LLC
Bjl Props LLC
Grant Deed
—
Feb 11, 2011
$7,988
Springfield City Of
Bjl Props LLC
Grant Deed
—
Jul 3, 2003
—
Bjl Properties LLC
—
Deed Of Trust
related
$475,000 · Bank Of Western Massachusetts
Aug 31, 2001
—
Bjl Prop LLC
—
Deed Of Trust
related
$100,000 · Bank Of Western Massachusetts
Mar 30, 2001
$480,000
Bjl Prop LLC
Springfld Food System
Grant Deed
$360,000 · Bank Of Western Massachusetts
Dec 30, 1999
—
Sfs Rlty Mgmt Co
—
Deed Of Trust
related
$175,000 · Bank Of Western Massachusetts
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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