5 MainSpencer, MA 01562

  • Other commercial real estate
  • 2,100 SF
Off market
$7,069,050 Estimated

Property Details for 5 Main

Year built
1988
Lot size
0.71 AC
Property size (Sq ft)
2,100 SF
Property type
Other commercial real estate
Property subtype
Showrooms
APN
SPEN M:00U12 B:00057 L:00001
APU
SPENM00U12B00057L00001

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $510,373
    6.5%
    $471,114
    7%
    $437,463
  • Comparable approach

    Method
    Valuation
    Relative Method
    $691,453
    Geo Method
    $691,453
  • Alternative Use

    Use
    Valuation
    Residential
    $397,402
    Hospitality
    $364,018
    Educational
    $302,859
    Medical
    $313,275
    Retail
    $471,114
5 Main, Spencer, Massachusetts
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Location Insight

City
Spencer
County
Worcester
State
Massachusetts
Latitude
42.239
Longitude
-72.0029
CBSA code
49340
CBSA name
WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,286
$45,800
$66,600
$112,400
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