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Property profile & analytics
OFF-MARKET
Retail space
885-887 Sumner Ave Springfield, MA 01108
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0069068
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Total area
1,649 SF
Lot
0.07 ac (3,162 SF)
Zoning code
B1
APN
SPRI S:11280 P:0353
UPID
US38-0069068
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
by Request
Owner & transaction history
885 Sum LLC · 3 yrs held
885 Sum LLC
since 2022
Last sale
$310,000
7 recorded transactions
Zoning & alternative use
B1 · 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
$4,990
Tax year 2023
Assessed value
$137,100
Assessed 2023
Previous assessed
$137,100
+0.0% YoY
Effective rate
3.64%
On assessed value
Assessed land
$59,000
Assessed improvement
$78,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Heating
STEAM
Buildings
1
Stories
1
Rooms
13
Bathrooms
2
Total area
1,649 SF
Lot
0.07 ac (3,162 SF)
Zoning code
B1
APN
SPRI S:11280 P:0353
UPID
US38-0069068
Jurisdiction
SPRINGFIELD
Zoning & alternative use
B1 · Springfield, MA
Zoning B1 · permitted uses
B1 · 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
1940
Heating
STEAM
Stories
1
Buildings
1
Rooms
13
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
885 Sum LLC
Entity
Mailing address
885 S SUMNER AVE #887, SPRINGFIELD, MA 01108-2251
Ownership since
2022
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
Sep 16, 2022
$310,000
885 Sum LLC
Pvic Realty LLC
Quit Claim Arm's Length For Ne States
$232,500 · Polish National Cu
Feb 14, 2011
$705
Springfield City Of
Auric Realty LLC
Grant Deed
—
Jun 10, 2009
$325,000
Pvic Realty LLC
Letourneau,lance D
Grant Deed
$260,000 · Hampden Savings Bank
Mar 30, 2006
$306,000
Auric Rlty LLC
J B Camerlin Re LLC
Grant Deed
$228,750 · Bank Of Western Massachusetts
May 21, 2003
$165,000
J B Camerlin Real Estate
Hallerin Rlty LLP
Grant Deed
$132,000 · Hampden Savings Bank
Feb 6, 2003
$160,000
Hallerin Rlty LLP
Sumner Station LLC
Grant Deed
$128,000 · Hampden Savings Bank
Aug 22, 2002
$125,000
Sumner Station LLC
Robbins,mark A
Grant Deed
—
Jun 5, 2002
$15,000
Robert Kushner
Robbins,mark A
Grant Deed
—
Nov 29, 1994
$6,000
Mark A Robbins
Boston & Maine Corp
Grant Deed
—
Oct 7, 1991
$116,000
Mark A Robbins
Dupont,henri P
Grant Deed
$76,000 · Multibank Natl Wstnma
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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