Financial
Distress signals
Property profile

106 Main St Spencer, MA 01562

FOR SALE
Other investment properties
Property ID
US38-0407595
17,554 SF 0.38 ac lot Built 1900
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This mixed-use property at 106 Main Street in downtown Spencer, Massachusetts comprises 17 total units, including 13 residential units and 4 commercial units. Tenancies historically include 10 of the 13 residential units and 3 of the 4 commercial units, and the property is configured with month-to-month lease structures. The building is located along Route 9, providing access to the greater Worcester area, and the property’s combined residential and commercial layout supports diversified space types for potential operational use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$6k
Tax billed · 2024
Assessed value$511k
Assessed land$57k
Assessed improvement$454k
Effective rate1.14%

Value estimate

· Sep 2026
$340k
$306k – $374k
Submarket $/SF estimate$1.11M
NOI build-up
Gross scheduled income$385k
Vacancy & credit loss−$10k
Operating expenses−$169k
NOI · 18.77% cap applied$207k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$110/SF
County average, outlier-cleaned · 740 recorded sales of this use type
Observed band · Q1–Q3$63 – $171
Qualifying comparables4

Cap rate analysis

How does the asset earn?
18.77%
$207k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPENCER

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.5
Law Firm9.5
HVAC Service9.4

Location

106 Main St Spencer, MA 01562
County assessor Recorded deeds · not on file 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
152 Main, Spencer, MA 01562-2162 $775,000 Feb 2025 10,577 SF
148 Main, Spencer, MA 01562-2167 $375,000 Mar 2024 6,350 SF
117 Main, Spencer, MA 01562-2125 $50,000 Apr 2023 23,342 SF
136 Main, Spencer, MA 01562-2169 $100,000 Dec 2022 7,112 SF
150 Main, Spencer, MA 01562-2124 $355,000 Nov 2018 6,332 SF
124 Main, Spencer, MA 01562-2141 $230,000 Nov 2018 4,952 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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