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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Office buildings
95 Elm St, West Springfield, MA 01089-2595
Entity Owned
6-yr Hold
Free & Clear
Property ID
US38-0196064
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,215 SF
Lot
0.97 ac (42,210 SF)
APN
WSPR M:00102 B:05250 L:00041
UPID
US38-0196064
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
-
Future Health Training Center Tutoring Service
-
Saremi LLP Property Management Company
-
Tandem Bagel Company (Bike/Boat/Book/etc) Store Bakery
-
CenterWell Home Health - Springfield BH Home Health Care Service
-
Westside Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$1.93M
Owner & transaction history
Saremi LLP · 6 yrs held
Saremi LLP
since 2020
7 recorded transactions
Zoning & alternative use
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 West Springfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
OFFICE BUILDING
$3,140,000
Current use
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±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
$56 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$97,231
Tax year 2024
Assessed value
$3,262,800
Assessed 2024
Previous assessed
$3,262,800
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$171,000
Assessed improvement
$3,091,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Bathrooms
2
Total area
34,215 SF
Lot
0.97 ac (42,210 SF)
APN
WSPR M:00102 B:05250 L:00041
UPID
US38-0196064
Jurisdiction
WEST SPRINGFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.1M
OFFICE BUILDING Current
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
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Bathrooms
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
Saremi LLP
Entity
Free & Clear · 6 yrs held
Mailing address
95 ELM ST STE #200, WEST SPRINGFIELD, MA 01089-2595
Ownership since
2020
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
Jul 18, 2024
—
Saremi LLP
—
Deed
related
$2,750,000 · New Valley Bank & Trust
Sep 23, 2020
—
Saremi LLP
—
Deed
related
$1,450,000 · Vly B & T New
May 29, 2020
$1,550,000
Saremi LLP
United Bk Peoples
Quit Claim Deed
—
Oct 1, 1999
$2,600,000
United Coop Bk
Plotkin,oscar H
Grant Deed
related
—
Dec 9, 1994
—
Elm West LP
—
Deed Of Trust
related
$200,000 · Springfield Inst For Saving
Mar 15, 1994
—
Elm West LP
—
Deed Of Trust
related
$150,000 · Peoples Bank Holyoke
Mar 18, 1992
$575,000
Springfield Inst Svgs
Pagella,carl R
Grant Deed
related
—
Nov 22, 1989
—
Carl R Pagella
—
Deed Of Trust
related
$630,000 · Springfield Inst For Saving
—
—
Red Lab Realty LLC
—
Deed Of Trust
related
$500,000 · United Bk
—
—
Saremi LLP
—
Deed Of Trust
related
$1,450,000 · Vly B & T New
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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