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    Property profile & analytics

    131 Main St Spencer, MA 01562-2116

    • Commercial real estate
    • 14,690 SF
    • 5.47 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-2358522
    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

    • Santander Bank ATM / Atm
    • NextGen Performance / Auto Repair Shop
    • MoneyGram / Money Transfer Service

    Property Details for 131 Main St

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.47 lot acres
    Property size
    14,690 SF
    Property type
    Commercial real estate
    APN
    SPEN M:00U13 B:00121 L:00000
    APU
    SPENM00U13B00121L00000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9936
    Latitude
    42.2451
    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
    $44,073
    $349,100
    $3,503,400
    $3,852,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $380,000
      4,248 SF

      155 Mechanic St

      COMMERCIAL (GENERAL) • 4,248 SF
      155 Mechanic St, Spencer, MA 01562-2566
      View Details
    • Value Estimation
      $205,000
      2,232 SF

      276 Main St

      SHOW ROOM, WAREHOUSE • 2,232 SF
      276 Main St, Spencer, MA 01562-1838
      View Details
    • Value Estimation by Request
      10.16 Acres

      Chickering Rd

      COMMERCIAL (GENERAL) • 10.16 Acres
      Chickering Rd, Spencer, MA 01562
      View Details
    • Value Estimation by Request
      19.99 Acres

      15 Cooney Rd

      COMMERCIAL (GENERAL) • 19.99 Acres
      15 Cooney Rd, Spencer, MA 01562-1405
      View Details
    • Value Estimation by Request
      2,100 SF

      5 Main St

      SHOW ROOM, WAREHOUSE • 2,100 SF
      5 Main St, Spencer, MA 01562
      View Details
    • Value Estimation
      $245,000
      1,400 SF

      15 Spencer Rd

      COMMERCIAL (GENERAL) • 1,400 SF
      15 Spencer Rd, Spencer, MA 01562-2629
      View Details

    Similar Nearby for Sale

    • $329,900
      0.22 Acres

      Historic Spencer Commercial Building

      Prime Downtown Location, High Potential
      62 Wall St, Spencer, MA 01562
      View Details
    • $499,900

      Updated Two-Family Home with Yard

      Updated two-family home, ideal for owner-occupancy or multi-generational living.
      13 Grove St, Spencer, MA 01562
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      Turnkey Multifamily Property in Spencer

      Fully occupied 3-unit multifamily with potential for a 4th unit.
      50 Pleasant St, Spencer, MA 01562
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    • $529,900

      Renovated Two-Family Home

      Updated two-family property, ideal for investors or owner-occupants.
      26 Maple St, Spencer, MA 01562
      View Details
    • $769,900

      Custom Ranch with Horse Barn

      29.91-acre ranch featuring a horse barn and custom details.
      54 Hastings Rd, Spencer, MA 01562
      View Details
    • $109,900

      Land Parcel with Development Potential

      Land parcel suitable for development or solar company use.
      Langevin St, Spencer, MA 01562
      View Details

    Similar Nearby for Lease

    • $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
    • 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

    Property Visit Statistics

    • Visits by month
      29.7k
    • Visitors by month
      13.6k
    • Avg Time on site
      19 min
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    131 Main St
    Spencer, MA 01562-2116
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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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