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    Property profile & analytics

    1140 Thorndike St Palmer, MA 01069-1509

    • Medical offices
    • 1,930 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimation
    $795,000
    Last Sale
    Mar 01, 2023
    $925,000
    Location Intelligence
    Property ID
    US38-0781033
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wolf Gary OD / Optometrist / Optician

    Property Details for 1140 Thorndike St

    Year built
    1958
    Lot size
    0.53 lot acres
    Property size
    1,930 SF
    Zone code
    HB
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    PALM M:65 B:8
    APU
    PALMM65B8

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $780,000

    • CAP approach

      CAP return
      Estimation
      6%
      $850,000
      6.5%
      $935,000
      7%
      $840,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $995,000
      Geo Method
      $885,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $710,000
      Retail
      $710,000
      Mixed-Use
      $950,000
      Hospitality
      $865,000
      Educational
      $725,000
      Residential Income
      $740,000
      Energy
      $745,000
      Income-Based Land
      $775,000
      Food Service
      $720,000

    Location Insight

    • Map
    • Local Demand
    City
    Palmer
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.3266
    Latitude
    42.1678
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,758
    $100,400
    $208,000
    $308,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      3,085 SF

      1028 Thorndike St

      HOSPITAL - PRIVATE • 3,085 SF
      1028 Thorndike St, Palmer, MA 01069-1505
      View Details
    • Value Estimation by Request
      12,136 SF

      250 Shearer St

      HOMES (RETIRED, NURSING) • 12,136 SF
      250 Shearer St, Palmer, MA 01069-1428
      View Details
    • Value Estimation by Request
      10,024 SF

      3 Converse St

      OFFICE BUILDING • 10,024 SF
      3 Converse St, Palmer, MA 01069-1516
      View Details
    • Value Estimation
      $245,000
      1,950 SF

      2002 Calkins Rd

      OFFICE BUILDING • 1,950 SF
      2002 Calkins Rd, Palmer, MA 01069-9303
      View Details
    • Value Estimation
      $270,000
      3,209 SF

      1482 Main St

      OFFICE BUILDING • 3,209 SF
      1482 Main St, Palmer, MA 01069-1202
      View Details
    • Value Estimation
      $230,000
      1,932 SF

      1525 Main St

      OFFICE BUILDING • 1,932 SF
      1525 Main St, Palmer, MA 01069-1219
      View Details

    Similar Nearby for Sale

    • $799,900

      Downtown Palmer Mixed-Use Building

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      152-Acre Development Site in Palmer

      152-acre development site zoned Highway Business, near I-90.
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      11-Acre Lot Near Amenities

      11-acre lot near amenities, major routes, and the MA Pike.
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      Prime Land Opportunity in Palmer

      1.82-acre commercial land with highway business zoning potential.
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    Similar Nearby for Lease

    • $500 /Mo

      Downtown Palmer Corner Office Space

      Corner office space in downtown Palmer with street views.
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    • $14 SF/Yr
      1,000 SF

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      Office space available for lease in Palmer, Massachusetts.
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      View Details
    • $1,700 /Mo

      Downtown Palmer Commercial Office Space

      Commercial office space in downtown Palmer available for lease.
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    • $650 /Mo

      Retail Space in Pioneer Plaza

      Retail or office space for rent in busy Palmer plaza.
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    • $400 /Mo

      Downtown Palmer Office Space Available

      Office space for rent in downtown Palmer, Massachusetts.
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    • $1,500 /Mo

      Updated Historic Building Retail Space

      Versatile retail space in updated historic building with modern finishes.
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      View Details

    Property Visit Statistics

    • Visits by month
      40.0k
    • Visitors by month
      25.2k
    • Avg Time on site
      7 min
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    1140 Thorndike St
    Palmer, MA 01069-1509
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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