Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    32 Thorndike St Palmer, MA 01069

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    152-acre development site zoned Highway Business, near I-90.

    Lot size:
    152.00 Acres

    Property Features for 32 Thorndike St

    General Information

    Lot size
    152.00 Acres

    We can help!

    Listing Contact
    Tom Egbers
    Tom Egbers
    Source: Moodyscre

    Listing Agent: Tom Egbers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    152-Acre Development Site in Palmer

    This 152-acre development site is located at 32 Thorndike Street in Palmer, Massachusetts. Zoned Highway Business, the property is suitable for commercial and mixed-use development. Its location less than one mile from I-90 provides convenient access to Springfield, Hartford, Boston, and Providence. The Highway Business zoning allows for various uses, including warehouses, logistics centers, manufacturing, retail, and self-storage. The town of Palmer offers a favorable business and development climate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmer
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.3261855
    Latitude
    42.1680534

    Nearby Similar for Sale

    • $900,000

      Versatile Space with Development Potential

      Large space featuring bays, offices, and development potential.
      4 Shearer St, Palmer, MA 01069
      View Details
    • $799,900

      Downtown Palmer Mixed-Use Building

      Mixed-use building in growing downtown Palmer with retail and office.
      1428-1434 Main St, Palmer, MA 01069
      View Details
    • $375,000
      Pending

      8,100 SF Building For Sale

      8,100 SF building on an acre of land.
      2019 Bridge St, Palmer, MA 01080
      View Details
    • $299,000
      3,587 SF

      Mixed-Use Property with Hair Salon

      Mixed-use property featuring a hair salon and two-bedroom apartment.
      2166 Main St, Three Rivers, MA 01069
      View Details
    • Contact for pricing
      3,083 SF

      Palmer Retail Space - Main St.

      High-visibility retail space, 3,083 sq ft.
      1519 Main St, Palmer, MA 01069
      View Details
    • $460,000
      2,520 SF

      Prime Palmer Storefront Opportunity

      Profitable Salt Spa, Fully Renovated
      1372 Main St, Palmer, MA 01069
      View Details
    • $390,000
      0.06 Acres

      Palmer Restaurant - Turnkey Opportunity

      Established Eatery, Prime Location, High Profits
      1376 Main St, Palmer, MA 01069
      View Details
    • $650,000
      0.55 Acres

      Prime Palmer Restaurant Opportunity

      Former Friendly's - Liquor License Included
      1519 Main St, Palmer, MA 01069
      View Details
    • Contact for pricing
      307,800 SF

      Palmer MA Industrial Portfolio

      Multi-Tenant Warehouse, Excellent NOI
      4 Springfield St, Palmer, MA 01080
      View Details

    FAQs

    What type of property is this?
    Land - 152-acre development site zoned Highway Business, near I-90.
    Where is this land located?
    The property is located at 32 Thorndike St Palmer, MA.
    What are key features of this property?
    This property features: - 152-acre development site zoned Highway Business, allowing for diverse commercial and mixed-use development.; - Located less than one mile from I-90, providing convenient access to major New England cities.; - Highway Business zoning permits a wide range of uses, including warehouses, logistics centers, manufacturing, retail, and self-storage.
    (857) 216-7792 Call to check price and availability
    Request Owner's contact information
    32 Thorndike St Palmer, MA 01069
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    32 Thorndike St
    Palmer, MA 01069
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32 Thorndike St Palmer, MA 01069
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tom Egbers
    Tom Egbers
    (857) 216-7792 (857) 990-6800 (857) 990-2022
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!