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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Gas stations
700 State St Springfield, MA 01109-4108
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1789787
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
2020
Total area
6,720 SF
Lot
1.67 ac (72,850 SF)
Zoning code
B1
APN
SPRI S:11110 P:0141
UPID
US38-1789787
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
-
Pride Gas Station
-
Chester's Chicken Restaurant
-
Pirka Hair Hair Salon
-
AmpUp Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$1.48M
Owner & transaction history
Pride Real Estate LLC · 4 yrs held
Pride Real Estate LLC
since 2022
Last sale
$1.6M
7 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
Method
Estimation
Statistic approach
$1,500,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $1.57M (Jan 14 2022)
Last sale anchor
$1.57M
Jan 14 2022
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
$219 / 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
$71,144
Tax year 2023
Assessed value
$1,954,500
Assessed 2023
Previous assessed
$1,954,500
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$828,500
Assessed improvement
$1,126,000
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
2020
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
6,720 SF
Lot
1.67 ac (72,850 SF)
Zoning code
B1
APN
SPRI S:11110 P:0141
UPID
US38-1789787
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
2020
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Pride Real Estate LLC
Entity
Mailing address
700 STATE ST, SPRINGFIELD, MA 01109-4108
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Pride Real Estate LLC
—
Deed
related
$125,000,000 · Wells Fargo Bank NA
Jan 14, 2022
$1,571,300
Pride Real Estate LLC
Pride LP
Quit Claim Arm's Length For Ne States
—
Dec 15, 2017
$500,000
Pride LP
Developspringfield Corp
Quit Claim Deed
—
Feb 20, 2015
—
Developspringfield Corp
Strategic Acquisitions
Quit Claim Deed
related
—
Feb 1, 2013
$250,000
Strategic Acquisitions
J C Hwang INC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Apr 27, 2011
$905,000
Geo Re LLC
Gouri Corp
Deed
$309,488 · Gouri Corp
Apr 22, 2008
—
Gouri Corp
—
Deed Of Trust
related
$44,000 · James W Fiore
Jan 31, 2000
$380,000
Jc Hwang INC
Neu Corp
Grant Deed
$280,000 · Zenon Grzybowski
Jul 31, 1992
—
Cna Brothers RT
—
Deed Of Trust
related
$50,000 · Carmella Craig
May 19, 1992
—
Cna Brothers RT
—
Deed Of Trust
related
$200,000 · Maria E Cantalini
Oct 21, 1991
$400,000
Cna Brothers RT
Carmike INC
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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