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Property profile & analytics
FOR LEASE
Investment properties
940 Boston Rd 1C Springfield, MA 01119
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0255373
For Lease
$1,000/Mo
940 Boston Rd,Unit 1C, Springfield, MA 01119
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2017
Total area
2,520 SF
Lot
0.09 ac (3,768 SF)
Zoning code
B1
APN
SPRI S:01655 P:0169
UPID
US38-0255373
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
-
craftsmens corner (Bike/Boat/Book/etc) Store
-
Bellucci Real Estate Service Property Management Company Commercial Real Estate Agency
-
Monica Lee Leathers Department Store Clothing & Fashion Store
-
J&J GRANITE INC Kitchen & Bath Showroom Hardware & Home Improvement
-
Hair by Harmony LLC Hair Salon
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
Gary Paul Bellucci Irt · 1 yrs held
Gary Paul Bellucci Irt
since 2024
Last sale
$120,000
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 2017Property tax & assessments
Tax year 2017
Tax billed
$2,602
Tax year 2017
Assessed value
$290,600
Assessed 2023
Previous assessed
$290,600
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$51,600
Assessed improvement
$239,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2017
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Rooms
6
Bathrooms
1
Total area
2,520 SF
Lot
0.09 ac (3,768 SF)
Zoning code
B1
APN
SPRI S:01655 P:0169
UPID
US38-0255373
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
2017
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Gary Paul Bellucci Irt
Individual
Mailing address
940 BOSTON RD, SPRINGFIELD, MA 01119-1316
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Dec 20, 2024
—
Gary Paul Bellucci Irt
Gary P Bellucci
Quitclaim Deed
related
—
Mar 9, 2020
—
Gary Bellucci
—
Deed
related
$25,000 · Vermont Mutual Ins
Jul 26, 2004
—
Gary Bellucci
—
Deed Of Trust
related
$75,000 · Country Bank
May 19, 1997
—
Gary Bellucci
—
Deed Of Trust
related
$50,000 · Teresa Bellucci
Apr 11, 1997
—
Gary Bellucci
—
Deed Of Trust
related
$46,150 · Walsh Securities INC
Feb 28, 1992
—
Gary P Bellucci
—
Deed Of Trust
related
$9,000 · Garry Nickerson
Nov 3, 1987
$120,000
Roy H Anderson
Lynch,paula A
Grant Deed
$96,000 · Springfield Inst Svgs
—
—
Gary Bellucci
—
Deed Of Trust
related
$25,000 · Vermont Mutual Ins
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?”
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