Property profile

905-909 Sumner Ave Springfield, MA 01118

OFF-MARKET
Turn key restaurants
Property ID
US38-1247529
3,190 SF 0.06 ac lot Built 1935
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1935
Total area 3,190 SF
Lot 0.06 ac (2,592 SF)
Zoning code B1
APN SPRI S:11280 P:0352
UPID US38-1247529

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

905-909 Sumner Ave Springfield, MA 01118
Springfield metro Census 802500 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$680k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$670k

Owner & transaction history

since 2022
Last sale
$699,000
7 recorded transactions
2022
$699,000
2021
$200,000
2020
$268,000
2013
Price N/A
2013
$258,000
2007
$365,000
2006
$1

Zoning & alternative use

B1 · Springfield, MA
Top alternative use upside
Office building $520,000 +89.3%
Auto repair, garage $415,000 +51.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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