Property profile

1010 Park St Palmer, MA 01069

OFF-MARKET
Banks
Property ID
US38-1382809
3,572 SF 0.8 ac lot Built 1976
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,395 square foot commercial property, located at 1010 Park Street in Palmer, Massachusetts, presents a unique investment opportunity. The building, classified as Class B, is situated on a sizable 0.8-acre lot and boasts prominent visibility directly on Route 32, ensuring high traffic exposure. Previously used as a bank, this single-tenant building offers a versatile layout suitable for a variety of office uses, including traditional office space and medical practices. The property features a convenient drive-thru, a significant advantage for businesses requiring this functionality. Ample parking is provided with 24 dedicated spaces, ensuring convenient access for employees and clients. The building's location in the heart of Palmer, MA, zip code 01069, offers easy access to local amenities and a strong local market. The property type is listed as Retail and Office, reflecting its adaptability to diverse business needs. This is a rare opportunity to acquire a well-positioned commercial building in a thriving Massachusetts community. The building's size and features make it ideal for a business seeking a substantial and visible presence in the Palmer area.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1976
Construction FRAME
Total area 3,572 SF
Lot 0.8 ac (34,848 SF)
Zoning code TR
APN PALM M:58 B:30
UPID US38-1382809

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1010 Park St Palmer, MA 01069-1712
Palmer metro Census 810100 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
3 recorded transactions
2025
$725,000
2020
$615,000
1993
$74,307

Zoning & alternative use

TR · Palmer, MA
Zoning description

ial zones. [Amended 5-14-2001 ATM by Art. 29] The full names and abbreviations of the residential zones are listed below. Full Name Abbreviation Rural Residential/Agricultural RR Suburban Residential SR Town Residential…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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