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Property profile & analytics
OFF-MARKET
Medical Office Space
852 Main St 870 Springfield, MA 01103-2105
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1537141
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1898
Total area
13,599 SF
Lot
0.23 ac (10,036 SF)
Zoning code
B2
APN
SPRI S:08130 P:0078
UPID
US38-1537141
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
-
Ho Mei Restaurant
-
Ronna Neidlinger 中餐馆
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
John E Maslar · 6 yrs held
John E Maslar
since 2020
7 recorded transactions
Zoning & alternative use
B2 · 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
$26,233
Tax year 2023
Assessed value
$720,700
Assessed 2023
Previous assessed
$720,700
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$75,200
Assessed improvement
$645,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1898
Heating
SPACE
Buildings
1
Stories
1
Rooms
16
Bathrooms
3
Total area
13,599 SF
Lot
0.23 ac (10,036 SF)
Zoning code
B2
APN
SPRI S:08130 P:0078
UPID
US38-1537141
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B2 · Springfield, MA
Zoning B2 · permitted uses
B2 · 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
1898
Heating
SPACE
Stories
1
Buildings
1
Rooms
16
Bathrooms
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
John E Maslar
Individual
Mailing address
47 FRST RDG LN, AGAWAM, MA 01001-2574
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2020
—
John E Maslar
Venture Props LLC
Grant Deed
—
Jul 25, 2019
—
John E Maslar
—
Deed
related
$640,000 · Westfield Bank Fsb
Jun 23, 2005
$550,000
John E Marslar
Venture Properties LLC
Grant Deed
—
Jun 23, 2005
—
John E Maslar
—
Deed Of Trust
related
$672,500 · Chicopee Savings Bank
Mar 17, 2005
—
Venture Prop LLC
—
Deed Of Trust
related
$60,000 · L Jam Enterprises LLC
Apr 24, 2002
$195,000
Venture Prop LLC
Ciros RT
Grant Deed
$170,000 · Wylie C Hubbard
Apr 4, 1997
$195,000
Ron Rlty INC
Ltp Rlty INC
Grant Deed
—
Dec 1, 1995
$90,000
Ltp Rlty INC
Ludlow Sb
Grant Deed
—
Mar 16, 1994
$280,000
Ludlow Sb
Scibelli,albert S
Grant Deed
—
Jan 12, 1987
—
Albert S Scibelli
—
Deed Of Trust
related
$250,000 · Ne Allbank For Svgs
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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