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Property profile & analytics
OFF-MARKET
Estimated value
$6,785,000
Showrooms
88 Birnie Ave, Springfield, MA 01107-1129
Entity Owned
~
Est. High Equity
Property ID
US38-1322756
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1900
Total area
67,248 SF
Lot
0.92 ac (40,276 SF)
Zoning code
I2
APN
SPRI S:01480 P:0049
UPID
US38-1322756
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
-
U-Haul Moving & Storage of Downtown Springfield Storage Facility
-
Truck Rental at U-Haul Car Rental Facility
-
Trailer Rental at U-Haul Car Rental Facility
-
Moving Supplies at U-Haul Big Box & Wholesale Store
-
Truck Sales at U-Haul Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.53M
Blend (final)
Blend
$6.79M
Owner & transaction history
Arec 51 LLC
Arec 51 LLC
since 2025
5 recorded transactions
Zoning & alternative use
I2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.9M
+105.8%
Auto repair, garage
$8.7M
+64.3%
Restaurant
$5.8M
+8.7%
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
COMMERCIAL (GENERAL)
$5,305,000
Current use
OFFICE BUILDING
$10,925,000
Change: +106% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,720,000
Change: +64% · Conversion: Difficult
RESTAURANT
$5,770,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$4,570,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$6.79M
Range $6.11M – $7.46M · ±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
$101 / 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
$195,108
Tax year 2023
Assessed value
$5,360,100
Assessed 2023
Previous assessed
$5,360,100
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$503,300
Assessed improvement
$4,856,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1900
Heating
SPACE
Buildings
1
Stories
3
Rooms
6
Bathrooms
1
Total area
67,248 SF
Lot
0.92 ac (40,276 SF)
Zoning code
I2
APN
SPRI S:01480 P:0049
UPID
US38-1322756
Jurisdiction
SPRINGFIELD
Zoning & alternative use
I2 · Springfield, MA
Zoning I2 · permitted uses
I2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$5.3M
OFFICE BUILDING
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$8.7M
RESTAURANT
Est. value
$5.8M
RETAIL STORES
Est. value
$4.6M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
1900
Heating
SPACE
Stories
3
Buildings
1
Rooms
6
Bathrooms
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Arec 51 LLC
Entity
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Ownership since
2025
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
Aug 29, 2025
—
Arec 51 LLC
88 Birnie Eat LLC
Quitclaim Deed
related
$46,000,000 · New York Life Insurance Company
Aug 18, 2014
—
88-90 Birnie Ave RT
Boston&main Corp
Grant Deed
—
Jul 21, 2000
$37,020
88-90 Birnie Ave RT
Boston & Maine Corp
Grant Deed
—
Jun 3, 1999
—
88-90 Birnie Ave RT
—
Deed Of Trust
related
$600,000 · Carol Slate
Oct 17, 1997
$225,000
88-90 Bernie Ave RT
Sitterly,rod R
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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