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    Property profile & analytics

    120 Main St Spencer, MA 01562-2621

    • Retail properties
    • 20,736 SF
    • 6.00 lot acres
    OFF-MARKET
    Value Estimation
    $1,820,000
    Last Sale
    May 24, 2023
    $2,000,000
    Location Intelligence
    Property ID
    US38-1014411
    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

    • Town & Country Grooming / Pet Groomer
    • 24h beauty / Beauty Supply Store
    • RUELI BUILDERS / Fire Damage Restoration Service
    • East Coast Thrift / Clothing Store / Thrift Store
    • Rueli's Gutter Solutions / Gutter Service

    Property Details for 120 Main St

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.00 lot acres
    Property size
    20,736 SF
    Property type
    Retail properties
    APN
    SPEN M:00R29 B:00021 L:00000
    APU
    SPENM00R29B00021L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,755,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,875,000
      6.5%
      $1,855,000
      7%
      $2,075,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,870,000
      Geo Method
      $2,015,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,040,000
      Retail
      $2,320,000
      Mixed-Use
      $2,315,000
      Hospitality
      $1,715,000
      Educational
      $2,185,000
      Residential Income
      $1,965,000
      Energy
      $2,265,000
      Income-Based Land
      $1,770,000
      Food Service
      $2,250,000

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Worcester
    State
    Massachusetts
    Longitude
    -72.0236
    Latitude
    42.2329
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT 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
    $10,241
    $168,000
    $727,200
    $895,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,165,000
      6,200 SF

      158 Main St

      DEPARTMENT STORE • 6,200 SF
      158 Main St, Spencer, MA 01562-2260
      View Details
    • Value Estimation
      $300,000
      5,550 SF

      10 Mdw Rd

      DEPARTMENT STORE • 5,550 SF
      10 Mdw Rd, Spencer, MA 01562-2012
      View Details
    • Value Estimation
      $300,000
      1,968 SF

      96 Main St

      DEPARTMENT STORE • 1,968 SF
      96 Main St, Spencer, MA 01562
      View Details
    • Value Estimation
      $330,000
      8,468 SF

      133 Main St

      DEPARTMENT STORE • 8,468 SF
      133 Main St, Spencer, MA 01562-2691
      View Details
    • Value Estimation
      $300,000
      4,435 SF

      140 Main St

      DEPARTMENT STORE • 4,435 SF
      140 Main St, Spencer, MA 01562-2124
      View Details
    • Value Estimation
      $295,000
      4,045 SF

      60 Chestnut St

      DEPARTMENT STORE • 4,045 SF
      60 Chestnut St, Spencer, MA 01562-2404
      View Details

    Similar Nearby for Sale

    • $795,000

      Established Pub with Event Room

      Well-established bar business with event room and commercial kitchen.
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      Queen Anne Victorian with Updates

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      Updated two-family property, ideal for investors or owner-occupants.
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      Custom Ranch with Horse Barn

      29.91-acre ranch featuring a horse barn and custom details.
      54 Hastings Rd, Spencer, MA 01562
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      Land Parcel with Development Potential

      Land parcel suitable for development or solar company use.
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    Similar Nearby for Lease

    • Contact for pricing
      1,329 SF

      Retail Space on Route 9

      Retail space available on a busy thoroughfare, Route 9.
      72 W Main St, Spencer, MA 01562
      View Details
    • $4,000 /Mo

      Retail Space For Lease

      Retail space available for lease with heavy vehicle traffic.
      160 Main St, Spencer, MA 01562
      View Details
    • $1,250 /Mo
      2,365 SF

      Versatile Commercial Space in Spencer

      Adaptable retail space near transportation, schools, and town amenities.
      200 Main St, Spencer, MA 01562
      View Details
    • $22 SF/Yr
      13,273 SF

      Prime Spencer Medical Office Space

      6,271 SF Medical Office Available
      407 Main St, Spencer, MA 01562
      View Details
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    120 Main St
    Spencer, MA 01562-2621
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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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