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Property profile & analytics
OFF-MARKET Estimated value $550,000
Office buildings

1448 Main St Palmer, MA 01069-1269

5,832 SF 0.16 ac lot Built 1900
Entity Owned 6-yr Hold Free & Clear
Property ID
US38-0927839
Property summary
AI-generated overview

This exceptional Class A office building, located at 1448 N Main St in Palmer, Massachusetts, offers a unique opportunity for businesses seeking flexible and high-quality workspace. Built in 1900 and extensively renovated in 2018, this two-story building boasts 5,500 square feet of total space, currently featuring 3,391 square feet of vacant office space available for lease. Multiple tenancy options are available, with a minimum divisible space of 1,000 square feet, allowing for customization to suit various business needs. The property is zoned for business use and includes a convenient rear parking lot with 25 spaces, supplemented by ample street-side parking. The building's prime location offers easy access to the Massachusetts Turnpike, ensuring convenient commuting for employees and clients. The interior features beautifully built-out, move-in ready office spaces on both the first and second floors, reflecting the high standards of a Class A property. This is an ideal location for businesses seeking a prestigious and functional office environment in the thriving Palmer, MA market. The property is situated in a business-zoned area, ensuring compatibility with a wide range of commercial activities. This exceptional opportunity combines historical charm with modern amenities, creating a truly unique and desirable office space.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Construction FRAME
Total area 5,832 SF
Lot 0.16 ac (6,970 SF)
Zoning code VC1
APN PALM M:57 B:9
UPID US38-0927839
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
  • Edward Jones - Financial Advisor: Hunter E Boody, ChFC® Financial Advisor
  • Computer Training of America Vocational School Training Center
  • Middlesex Recovery Palmer Medical Clinic
  • QUABBIN VALLEY EYE CARE Eye Care Center Optician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$760k
Blend (final) Blend
$550k
Owner & transaction history
1448 N Main St LLC · 6 yrs held
1448 N Main St LLC
since 2019
2 recorded transactions
2019
$515,000
1988
Price N/A
Zoning & alternative use
VC1 · Palmer, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

It is the purpose of this bylaw to allow for the orderly and planned development of Palmer downtown area.

Zone name Village Center District 1
General category PLANNED_DEVELOPMENT
Zone area 25.55 ac
Source Realmo
Top alternative use upside
Restaurant $780,000 +46.3%
Auto repair, garage $730,000 +36.5%
Retail stores $595,000 +10.9%
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