Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    184 Main St Spencer, MA 01562-2117

    • Investment properties
    • 2,280 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Last Sale
    Jan 11, 2024
    $300,000
    Location Intelligence
    Property ID
    US38-1064775
    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

    • Investment properties

    Property Details for 184 Main St

    Year built
    1870
    Construction
    FRAME
    Lot size
    0.43 lot acres
    Property size
    2,280 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SPEN M:00U07 B:00078 L:00000
    APU
    SPENM00U07B00078L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $270,000
      6.5%
      $285,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $245,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $220,000
      Mixed-Use
      $275,000
      Hospitality
      $265,000
      Educational
      $235,000
      Residential Income
      $255,000
      Energy
      $290,000
      Income-Based Land
      $235,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9912
    Latitude
    42.2445
    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
    $6,811
    $58,400
    $537,000
    $595,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,261 SF

      144 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,261 SF
      144 Main St, Spencer, MA 01562-2124
      View Details
    • Value Estimation
      $685,000
      3,629 SF

      2 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,629 SF
      2 Chestnut St, Spencer, MA 01562-2506
      View Details
    • Value Estimation
      $190,000
      6,912 SF

      53 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,912 SF
      53 Chestnut St, Spencer, MA 01562-2577
      View Details
    • Value Estimation
      $200,000
      2,438 SF

      177 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,438 SF
      177 Main St, Spencer, MA 01562-1711
      View Details
    • Value Estimation
      $310,000
      1,608 SF

      423 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,608 SF
      423 Main St, Spencer, MA 01562-1905
      View Details
    • Value Estimation
      $225,000
      2,412 SF

      19 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,412 SF
      19 Maple St, Spencer, MA 01562-2185
      View Details

    Similar Nearby for Sale

    • $589,000

      Turnkey Multifamily Property in Spencer

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

      Renovated Two-Family Home

      Updated two-family property, ideal for investors or owner-occupants.
      26 Maple St, 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
    • $329,900
      0.22 Acres

      Historic Spencer Commercial Building

      Prime Downtown Location, High Potential
      62 Wall St, Spencer, MA 01562
      View Details
    • New
      $900,000
      5,546 SF

      Renovated Commercial Building with Parking

      Commercial building with office spaces, garage, and handicap access.
      10 Meadow Rd, 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    184 Main St
    Spencer, MA 01562-2117
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.