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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Turn key restaurants
660 Liberty St, Springfield, MA 01104-2420
Entity Owned
21-yr Hold
Free & Clear
Property ID
US38-0192228
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Total area
3,870 SF
Lot
1.17 ac (51,035 SF)
Zoning code
SB1B2
APN
SPRI S:07770 P:0155
UPID
US38-0192228
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
-
McDonald's Cafe & Coffee Shop
-
Springfield plaza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$685k
Owner & transaction history
Archland Property I LLC · 21 yrs held
Archland Property I LLC
since 2004
5 recorded transactions
Zoning & alternative use
SB1B2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$630,000
+89.3%
Auto repair, garage
$500,000
+51.1%
Commercial (general)
$430,000
+29.5%
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
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$630,000
Change: +89% · Conversion: Moderate
AUTO REPAIR, GARAGE
$500,000
Change: +51% · Conversion: Difficult
COMMERCIAL (GENERAL)
$430,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$177 / 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
$42,155
Tax year 2023
Assessed value
$1,158,100
Assessed 2023
Previous assessed
$1,158,100
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$305,200
Assessed improvement
$852,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
9
Bathrooms
2
Total area
3,870 SF
Lot
1.17 ac (51,035 SF)
Zoning code
SB1B2
APN
SPRI S:07770 P:0155
UPID
US38-0192228
Jurisdiction
SPRINGFIELD
Zoning & alternative use
SB1B2 · Springfield, MA
Zoning SB1B2 · permitted uses
SB1B2 · 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
OFFICE BUILDING
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$430,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
2002
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
9
Bathrooms
2
Lot
1.17 ac
Current owner
From public records · entity-resolved
Archland Property I LLC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 182571, COLUMBUS, OH 43218-2571
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2004
—
Archland Property I LLC
—
Deed Of Trust
related
$213,306,000 · Wachovia Bank NA
Jul 15, 2004
$1
Archland Property I LLC
System Capital Real Porp
Grant Deed
related
—
Dec 11, 2000
$919,355
System Capital Real
Friendly Ice Cream
Grant Deed
related
—
May 12, 1995
—
Stephens Svc Sta INC
—
Deed Of Trust
related
$175,000 · Bank Of Western Massachusetts
Jun 3, 1988
$111,150
Richard M Gallivan
Friendly Ice Cream
Grant Deed
—
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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