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Property profile & analytics
OFF-MARKET
Estimated value
$245,000
Office buildings
1018 Thorndike St Palmer, MA 01069-1505
Individually Owned
24-yr Hold
Property ID
US38-2506602
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1844
Construction
FRAME
Total area
2,286 SF
Lot
0.24 ac (10,454 SF)
Zoning code
VC1
APN
PALM M:57 B:72
UPID
US38-2506602
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$245k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$245k
Owner & transaction history
Craig D Robinson · 24 yrs held
Craig D Robinson
since 2001
3 recorded transactions
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
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Palmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$245k
Range $221k – $270k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$107 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$3,101
Tax year 2024
Assessed value
$166,100
Assessed 2024
Previous assessed
$159,600
+4.1% YoY
Effective rate
1.87%
On assessed value
Assessed land
$90,200
Assessed improvement
$75,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1844
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
2,286 SF
Lot
0.24 ac (10,454 SF)
Zoning code
VC1
APN
PALM M:57 B:72
UPID
US38-2506602
Jurisdiction
PALMER
Zoning & alternative use
VC1 · Palmer, MAZoning VC1 · permitted uses
VC1 · Palmer, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · 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
Building & site characteristics
From public records
Year built
1844
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Craig D Robinson
Individual
Mailing address
249 CEDAR SWAMP RD, MONSON, MA 01057-9303
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2001
$115,000
Craig D Robinson
Gilman & Ciocia INC
Grant Deed
—
Sep 14, 2001
—
Craig D Robinson
—
Deed Of Trust
related
$97,000 · Monson Savings Bank
Jan 2, 1997
$160,000
Gilman & Ciocia INC
Stanley P Slowik Ret
Grant Deed
$100,000 · Zenon Grzybowski
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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