Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $3,450,000
    Super regional malls

    1033 Thorndike St 1059, Palmer, MA 01069-1504

    23,480 SF 2.06 ac lot Built 1967
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US38-1060093
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located in the highly visible Palmer Plaza, a well-maintained property boasting over 10,209 cars passing daily. The space totals 4,307 square feet and is available as a sublease, offering flexible options from a minimum of 1,200 contiguous square feet up to a maximum of 3,107 contiguous square feet. A significant portion (1,211 square feet) is already attractively built out, while the remaining 1,900 square feet provides raw space with existing plumbing and electrical, ready for customization. The landlord is willing to complete a build-out for a suitable tenant. This single-story building features modern health and safety systems, including sprinklers. The space includes a small back room and a private bathroom, and boasts ample plumbing throughout. A beer and wine license is included with the lease. The property's prime corner location ensures maximum visibility and accessibility, making it ideal for a variety of retail businesses. The zoning is business. This is a rare opportunity to secure a well-positioned retail space in a high-traffic area with a responsive landlord.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1967
    Construction STEEL FRAME
    Total area 23,480 SF
    Lot 2.06 ac (89,734 SF)
    Zoning code VC1
    APN PALM M:58 B:44
    UPID US38-1060093
    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
    • Yummy Asian Cuisine Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.22M
    CAP Approach CAP
    $4.67M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.45M
    Owner & transaction history
    Fiskdale Investments LLC · 5 yrs held
    Fiskdale Investments LLC
    since 2021
    Last sale
    $3.6M
    3 recorded transactions
    2021
    $3.6M
    2013
    2001
    $2.0M
    Zoning & alternative use
    VC1 · Palmer, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.5M +279.2%
    Retail stores $2.4M +267.7%
    Commercial (general) $2.3M +255.3%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1033 Thorndike St, Unit 1059?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message