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Property profile & analytics
OFF-MARKET
Office buildings
688 Boston Rd, Springfield, MA 01119-1322
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0817920
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Total area
1,968 SF
Lot
0.26 ac (11,125 SF)
Zoning code
B1
APN
SPRI S:01655 P:0116
UPID
US38-0817920
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
-
The Law Offices Of Sara Husseini, PLLC Law Firm
-
Hurst Marjorie J Law Firm
-
Dr. William F. Petrone, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
885 Sum LLC · 4 yrs held
885 Sum LLC
since 2022
Last sale
$375,000
6 recorded transactions
Zoning & alternative use
B1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,005
Tax year 2023
Assessed value
$247,400
Assessed 2023
Previous assessed
$247,400
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$113,700
Assessed improvement
$133,700
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
1955
Heating
FORCED AIR
Buildings
1
Stories
1
Rooms
7
Bathrooms
1
Total area
1,968 SF
Lot
0.26 ac (11,125 SF)
Zoning code
B1
APN
SPRI S:01655 P:0116
UPID
US38-0817920
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B1 · Springfield, MA
Zoning B1 · permitted uses
B1 · 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
1955
Heating
FORCED AIR
Stories
1
Buildings
1
Rooms
7
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
885 Sum LLC
Entity
Mailing address
688 S BOSTON RD, SPRINGFIELD, MA 01119-1322
Ownership since
2022
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
May 31, 2022
$375,000
885 Sum LLC
Eastern Avenue Invs INC
Quit Claim Arm's Length For Ne States
$281,250 · Polish National Cu
May 18, 2012
—
Eastern Avenue Investment
—
Deed Of Trust
related
$130,000 · Hampden Savings Bank
Dec 13, 2002
$155,000
Eastern Avenue Investment
W & K Enterprises LLC
Grant Deed
$165,000 · Bank Of Western Massachusetts
Aug 21, 1998
$134,000
W&k Ent LLC
Iellamo,joseph
Grant Deed
$114,000 · Bank Of Western Massachusetts
Jan 24, 1990
—
Joseph H Iellamo
—
Deed Of Trust
related
$125,000 · Springfield Inst Svgs
Mar 1, 1988
$105,000
Joseph Iellamo
Mitchell,gobby
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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