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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Investment properties
185 Main St, Spencer, MA 01562-1755
Entity Owned
17-yr Hold
Property ID
US38-0323708
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Total area
9,122 SF
Lot
0.82 ac (35,790 SF)
APN
SPEN M:00U14 B:00065 L:00000
UPID
US38-0323708
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
-
Melissa Ayantola, LMHC Counselor
-
Center Tree Counseling LLC Counselor
-
Caroly A. Cheras M.S.,LMHC Counselor
-
Kaufman Richard R Foster Care Service Social Service Agency
-
Bree Marion LMT Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$877k
Blend (final)
Blend
$775k
Owner & transaction history
S&n Rivers Enterprise LLC · 17 yrs held
S&n Rivers Enterprise LLC
since 2009
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+23.6%
Neighborhood: shopping center
$1.2M
+14.7%
Apartment house (5+ units)
$1.1M
+9.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spencer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spencer submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,005,000
Current use
OFFICE BUILDING
$1,240,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,150,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,095,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$915,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,574
Tax year 2024
Assessed value
$924,300
Assessed 2024
Previous assessed
$924,300
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$66,700
Assessed improvement
$857,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
13
Bathrooms
9
Total area
9,122 SF
Lot
0.82 ac (35,790 SF)
APN
SPEN M:00U14 B:00065 L:00000
UPID
US38-0323708
Jurisdiction
SPENCER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$915,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1890
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
13
Bathrooms
9
Lot
0.82 ac
Current owner
From public records · entity-resolved
S&n Rivers Enterprise LLC
Entity
Mailing address
6 OVERLOOK DR, SPENCER, MA 01562-1225
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2009
$1
S&n Rivers Enterprise LLC
Rivers,neil F
Grant Deed
—
May 18, 2005
—
Neil F Rivers
—
Deed Of Trust
related
$350,000 · Spencer Savings Bank Sla
Mar 17, 2000
—
Neil F Rivers
—
Deed Of Trust
related
$120,000 · Spencer Savings Bank Sla
Mar 2, 1999
$55,000
Neil F Rivers
Berthiame,blaise P
Grant Deed
—
Sep 15, 1998
$65,000
Neil F Rivers
Berthiaume,blaise P
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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