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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail properties & Spaces
1085 Park St Palmer, MA 01069-1952
Individually Owned
32-yr Hold
~
Est. High Equity
Property ID
US38-1353364
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,960 SF
Lot
0.58 ac (25,265 SF)
Zoning code
GB
APN
PALM M:58 B:172
UPID
US38-1353364
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
-
Lepage Millwork Construction Company General Contractor
-
Palmer Counseling Crisis Center Medical Clinic
-
The Library Loft (Bike/Boat/Book/etc) Store
-
Bonnie Gaumond Counseling Services Corporate Office
-
Holistic Simplicity LLC Physician Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$595k
Owner & transaction history
Nelson B Pease · 32 yrs held
Nelson B Pease
since 1994
5 recorded transactions
Zoning & alternative use
GB · Palmer, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$40 / 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
$3,635
Tax year 2024
Assessed value
$194,700
Assessed 2024
Previous assessed
$183,300
+6.2% YoY
Effective rate
1.87%
On assessed value
Assessed land
$63,500
Assessed improvement
$131,200
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
14,960 SF
Lot
0.58 ac (25,265 SF)
Zoning code
GB
APN
PALM M:58 B:172
UPID
US38-1353364
Jurisdiction
PALMER
Zoning & alternative use
GB · Palmer, MA
Zoning GB · permitted uses
GB · Palmer, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmer. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.58 ac
Current owner
From public records · entity-resolved
Nelson B Pease
Individual
Mailing address
38 PEARL ST, PALMER, MA 01069-1739
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2025
—
Nelson B Pease
—
Deed
related
$50,000 · North Brookfield Savings Bank
Nov 17, 2005
—
Nelson B Pease
—
Deed Of Trust
related
$10,000 · Monson Savings Bank
Mar 2, 1995
—
Nelson B Pease
—
Deed Of Trust
related
$50,000 · Monson Savings Bank
May 13, 1994
—
Nelson B Pease
—
Deed Of Trust
related
$225,000 · Monson Savings Bank
Mar 18, 1994
$92,500
Nelson B Pease
Palmer Town Of
Grant Deed
$90,000 · Monson Savings Bank
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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