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Property profile & analytics
OFF-MARKET
Estimated value
$6,600,000
Industrial properties
730 Worcester St, Springfield, MA 01151-1022
Entity Owned
22-yr Hold
Free & Clear
Property ID
US38-0798172
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1964
Total area
99,792 SF
Lot
123.26 ac (5,369,206 SF)
Zoning code
S
APN
SPRI S:12525 P:0250
UPID
US38-0798172
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
-
Cianbro Corporation Construction Company General Contractor
-
Monsanto Co Chemical Plant Agricultural Supply
-
Cytec Industries Inc. Construction Company General Contractor
-
Medical Department Solutia Medical Clinic
-
Eastman/Solutia Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.21M
Blend (final)
Blend
$6.60M
Owner & transaction history
Solutia INC · 22 yrs held
Solutia INC
since 2004
7 recorded transactions
Zoning & alternative use
S · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.6M
+75.4%
Commercial (general)
$7.9M
+61.3%
Retail stores
$6.8M
+39.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,880,000
Current use
RESTAURANT
$8,560,000
Change: +75% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,875,000
Change: +61% · Conversion: Difficult
RETAIL STORES
$6,785,000
Change: +39% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,100,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$6.60M
Range $5.94M – $7.26M · ±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
$66 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$627,711
Tax year 2020
Assessed value
$18,499,900
Assessed 2023
Previous assessed
$18,499,900
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$7,772,600
Assessed improvement
$10,727,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1964
Heating
SPACE
Buildings
9
Stories
1
Total area
99,792 SF
Lot
123.26 ac (5,369,206 SF)
Zoning code
S
APN
SPRI S:12525 P:0250
UPID
US38-0798172
Jurisdiction
SPRINGFIELD
Zoning & alternative use
S · Springfield, MA
Zoning S · permitted uses
S · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.9M
RESTAURANT
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.9M
RETAIL STORES
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$5.1M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1964
Heating
SPACE
Stories
1
Buildings
9
Lot
123.26 ac
Current owner
From public records · entity-resolved
Solutia INC
Entity
Free & Clear · 22 yrs held
Mailing address
100 N EASTMAN RD, KINGSPORT, TN 37660-5265
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2010
—
Solutia INC
—
Deed Of Trust
related
$96,064,675 · Deutsche Bank
Mar 4, 2008
—
Solutia INC
—
Deed Of Trust
related
$1 · Citibank Fsb
Mar 3, 2004
$1
Solutia INC
Bayer Corp
Grant Deed
related
—
Dec 30, 2003
—
Solutia INC
—
Deed Of Trust
related
$315,000,000 · Worth Funding INC
Dec 29, 2003
—
Solutia INC
—
Deed Of Trust
related
$515,000,000 · Worth Funding INC
Oct 14, 2003
—
Solutia INC
—
Deed Of Trust
related
$350,000,000 · Ableco Finance LLC
Jan 3, 2003
$2,800,000
Beam-worcester Street LLC
Berkshire Worcester LLC
Grant Deed
$2,200,000 · Peoples Bank Holyoke
Oct 30, 2002
$1,900,000
Berkshire Worcester LLC
Bayer Corp
Grant Deed
$1,915,000 · Peoples Bank Holyoke
Dec 4, 2001
—
Solutia INC
—
Deed Of Trust
related
$800,000 · Citicorp USA Corp
Mar 21, 1989
—
Regina M Middleton
—
Deed Of Trust
related
$25,000 · Monsanto Cu
Feb 15, 1989
—
Arthur E Arcouette
—
Deed Of Trust
related
$20,000 · Monsanto Cu
Feb 14, 1989
—
John W Demaio
—
Deed Of Trust
related
$94,000 · Monsanto Cu
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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