Property profile

1417 Park St Palmer, MA 01069

OFF-MARKET
Motels
Property ID
US38-0899700
1,586 SF 1.54 ac lot Built 1978
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

A motel property located in Palmer, Massachusetts on a 1.54-acre lot. The building is approximately 1,775 square feet and includes 7 active rooms, along with 2 additional unfinished rooms that have been approved by the town. The property offers outdoor and site space consistent with potential uses such as future development, expanded landscaping, or other exterior amenities, depending on applicable approvals.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1978
Construction FRAME
Total area 1,586 SF
Lot 1.54 ac (67,082 SF)
Zoning code GB
APN PALM M:2 B:95
UPID US38-0899700

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1417 Park St Palmer, MA 01069-1626
Palmer metro Census 810100 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$140k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2022
Last sale
$180,000
2 recorded transactions
2022
Price N/A
2021
$180,000

Zoning & alternative use

GB · Palmer, MA
Zoning description

rlay Maps indicate which sites are subject to the additional regulations. § 171-52 List of business zones. The full names and abbreviations of the business zones are listed below. Full Name Abbreviation General Business…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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