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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Parking lots & garages
764 Riverdale St West Springfield, MA 01089-4619
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1032254
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,812 SF
Lot
0.39 ac (17,151 SF)
APN
WSPR M:00226 B:02200 L:0075A
UPID
US38-1032254
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Desai&sons INC · 6 yrs held
Desai&sons INC
since 2019
5 recorded transactions
Zoning & alternative use
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 West Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$105 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,359
Tax year 2024
Assessed value
$213,400
Assessed 2024
Previous assessed
$550,200
-61.2% YoY
Effective rate
2.98%
On assessed value
Assessed land
$197,200
Assessed improvement
$16,200
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
4,812 SF
Lot
0.39 ac (17,151 SF)
APN
WSPR M:00226 B:02200 L:0075A
UPID
US38-1032254
Jurisdiction
WEST SPRINGFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Desai&sons INC
Entity
Mailing address
1533 ELM ST, WEST SPRINGFIELD, MA 01089-1807
Ownership since
2019
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
Dec 20, 2024
—
Desai & Sons INC
—
Deed
related
$7,690,000 · Savers Cooperative Bank
Aug 9, 2019
$520,000
Desai&sons INC
John Huang
Quit Claim Arm's Length For Ne States
$700,000 · Savers Cooperative Bank
Mar 15, 2013
$415,000
John Huang
Barcomb Trowbridge 6714
Grant Deed
$207,500 · Vfw Post 6714
Jan 28, 2000
—
Barcomb Trowbridge Pst
—
Deed Of Trust
related
$53,000 · Westfield Bank Fsb
Apr 3, 1992
—
Trowbridge Barcomb
—
Deed Of Trust
related
$50,000 · Westfield Bank Fsb
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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