New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,955,000
Specialty properties
933 Columbus Ave, Springfield, MA 01105-2509
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0397738
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1908
Total area
13,200 SF
Lot
1.02 ac (44,409 SF)
Zoning code
B2
APN
SPRI S:04303 P:0553
UPID
US38-0397738
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
$1.87M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.96M
Owner & transaction history
Gandara Mental Health Ctr · 4 yrs held
Gandara Mental Health Ctr
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
B2 · Springfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+134.0%
Auto repair, garage
$1.7M
+86.8%
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
$1,940,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,145,000
Change: +134% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,710,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.15M · ±10% · vs last sale $2.03M (Feb 9 2022)
Last sale anchor
$2.03M
Feb 9 2022
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
$148 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$33,321
Tax year 2022
Assessed value
$1,647,000
Assessed 2023
Previous assessed
$1,647,000
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$737,400
Assessed improvement
$909,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1908
Heating
FORCED AIR
Buildings
1
Stories
2
Rooms
15
Bathrooms
3
Total area
13,200 SF
Lot
1.02 ac (44,409 SF)
Zoning code
B2
APN
SPRI S:04303 P:0553
UPID
US38-0397738
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1908
Heating
FORCED AIR
Stories
2
Buildings
1
Rooms
15
Bathrooms
3
Lot
1.02 ac
Current owner
From public records · entity-resolved
Gandara Mental Health Ctr
Individual
Mailing address
933 E COLUMBUS AVE, SPRINGFIELD, MA 01105-2509
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
$2,028,500
Gandara Mental Health Ctr
East Columbus Avenue LLC
Quit Claim Arm's Length For Ne States
$4,300,000 · Westfield Bank Fsb
Sep 13, 2018
—
East Columbus Ave LLC
—
Deed
related
$1,080,000 · Freedom Cu
Jan 31, 2013
—
E Columbus Avenue LLC
—
Deed Of Trust
related
$700,000 · Nuvo Bank & Trust Co
Feb 9, 2011
$11,656
Springfield City Of
East Columbus Avenue LLC
Grant Deed
—
Dec 29, 2009
$1
East Columbus Avenue LLC
East Columbus Avenue LLC
Grant Deed
related
—
May 29, 2008
$625,000
East Columbus Avenue LLC
Balise,james E
Grant Deed
$944,000 · Hampden Savings Bank
May 29, 1991
—
Houser Buick INC
—
Deed Of Trust
related
$336,000 · Chicopee Savings Bank
—
—
East Columbus Ave LLC
—
Deed Of Trust
related
$1,080,000 · Freedom Cu
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 933 Columbus Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
