Building Details

Building Size 4,403 SF

Year Built 2020

Construction Victorian

Listing Agency: Berkshire Hathaway HomeServices Realty Professionals Show Phone

Listed By: Jan McCoy Show Phone

Source: Churchillprop

Added: Apr 30 Changed: Oct 6 Last Checked: Oct 14 at 9:10PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Realty Professionals

Investment Insights

Based on property information with market context.

This 4,403-square-foot mixed-use property, built in 2020, combines commercial space with an on-site residential component. The main level provides a three-room retail area, while three private offices are distributed across the first and second floors. A basement workshop adds utility for business operations or storage, and the two-bedroom apartment supports residential occupancy within the same property. Modern updates are paired with a layout suited to continued mixed-use operation.

The property is located at 1500 N Main St in Palmer, Massachusetts, with off-street parking serving both commercial and residential functions. GB zoning is in place. Nearby antique destinations and regional events contribute to the surrounding area’s established draw, while upcoming passenger rail accessibility is also noted.

Key Highlights

• 4,403‑square‑foot mixed‑use property at 1500 N Main St, Palmer, MA 01069
• GB zoning and 2020 construction
• Three‑room retail area on the main level

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,580

Cap Rate

7.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$891,600 $891.6K

Cap Rate 7%

$636,857 $636.9K

Cap Rate 9%

$495,333 $495.3K

Market Conditions

NOI Build-Up for 4,403 SF

Gross rent

$79.3K $18.00/SF

− Vacancy

−$7.9K −$1.80/SF

EGI

$71.3K $16.20/SF

− OpEx

−$26.7K −$6.07/SF

NOI

$44.6K $10.13/SF

Area

Hampden County, MA

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$891,600

Cap Rate 7%

$636,857

Cap Rate 9%

$495,333

Alternative Uses

Best Use

Office B

$2.00M

$1.75M – $2.33M (±1% cap)

NOI $139,709 @ 7.0% cap · market cap 24.30%

Second Best

Retail

$1.03M

$904.3K – $1.21M (±1% cap)

NOI $72,343 @ 7.0% cap · market cap 12.58%

Theoretical Best

Office A

$2.71M

$2.37M – $3.17M (±1% cap)

NOI $189,956 @ 7.0% cap · market cap 33.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Valley Woodworks LLC Production Facility Usga Green Section Association Or Organization Hines Financial Group ... Financial Advisor The Victorian Home Decor Store

Suggested Use

Top Pick Electrical Service Dental Office Storage Facility Cafe & Coffee Shop Barber Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

458

Businesses Nearby

Explore this area Business Placement

Demographics for 01069, MA

8,428

Population

4,192

Households

2

Avg Household Size

47

Median Age

25%

College-Educated

86%

High-School Grad

28.1 sq mi

ZIP Area

300

Density / Sq Mi

$79,725

Median Household Income

$50,341

Median Earnings

$929

Median Rent

$251,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible commercial and residential configuration with retail, private offices, workshop space, and a two-bedroom apartment.

Where is this mixed-use property located?

The property is located at 1500 N Main St Palmer, MA.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 4,403‑square‑foot mixed‑use property at 1500 N Main St, Palmer, MA 01069; GB zoning and 2020 construction; Three‑room retail area on the main level