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Property profile & analytics
OFF-MARKET Estimated value $240,000
Office buildings

1010 Thorndike St Palmer, MA 01069-1505

3,982 SF 0.2 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US38-0366238
Property summary
AI-generated overview

This meticulously remodeled and maintained commercial building in Palmer, MA, presents a unique investment opportunity. Located in the heart of Palmer's revitalized downtown, this property boasts convenient access to major highways, including the MA Pike (I-90) and Route 20, ensuring easy commutes to Worcester, Boston, and Springfield. The building's prime location benefits from Palmer's growing population, attracting new residents from the Boston and Worcester areas. Its versatile layout is suitable for a wide range of businesses, including medical practices, law offices, showrooms, and professional offices. The property features ample off-street parking, a convenient receiving dock, and exterior basement access. The exterior showcases excellent curb appeal, highlighted by the American Legion Post 130 Walk of Honor. Security features include a comprehensive security system, cameras, and key fob entry. Inside, the building impresses with high ceilings, abundant natural light from numerous windows, creating a bright and productive workspace. The building's exceptional condition reflects the meticulous care taken in its maintenance and remodeling. This is a rare opportunity to acquire a well-maintained, strategically located commercial property in a rapidly developing town. The property sits on a 0.2-acre lot and is listed at $985,000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Construction FRAME
Total area 3,982 SF
Lot 0.2 ac (8,712 SF)
Zoning code VC1
APN PALM M:57 B:70
UPID US38-0366238
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
  • Fire Service Group General Contractor Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k
Owner & transaction history
Demon Deacon Realty LLC · 1 yrs held
Demon Deacon Realty LLC
since 2025
2 recorded transactions
2025
$910,000
2015
$225,000
Zoning & alternative use
VC1 · Palmer, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

It is the purpose of this bylaw to allow for the orderly and planned development of Palmer downtown area.

Zone name Village Center District 1
General category PLANNED_DEVELOPMENT
Zone area 25.55 ac
Source Realmo
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