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Financial
Distress signals
Property profile

73 Chestnut St Springfield, MA 01103

FOR SALE
Office buildings
Property ID
US38-1633119
7,983 SF 0.14 ac lot Built 1899
Last sale Feb 2025 · $615,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a single-room office suite located on the second floor of the Rose Cottage Professional Building, a historic office building that includes common areas. The suite is situated in downtown Springfield, Massachusetts, adjacent to the Springfield Museums campus, and is within a block of downtown dining, neighboring businesses, and area attractions.

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 · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$458k
Assessed land$61k
Assessed improvement$397k
Effective rate3.64%

Value estimate

· Oct 2026
$660k
$594k – $726k
AI approach$610k
Submarket $/SF estimate$873k
NOI build-up
Gross scheduled income$172k
Vacancy & credit loss−$26k
Operating expenses−$37k
NOI · 15.70% cap applied$110k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$162/SF
Submarket average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$39 – $321

Cap rate analysis

How does the asset earn?
15.70%
$110k 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?
B3
JurisdictionSPRINGFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store9.8
Veterinary Clinic9.4
Locksmith9.4

Location

73 Chestnut St Springfield, MA 01103
County assessor Recorded deeds · 8 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

3 recorded sales · 15 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
282-286 Main, Springfield, MA 01151 $300,000 Feb 2023 9,504 SF
854 Berkshire, Springfield, MA 01151-1306 $229,000 May 2021 3,208 SF
38-40 Oak, Springfield, MA 01151-1546 $730,000 Oct 2020 2,873 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
4 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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