Property profile

19 2nd St Palmer, MA 01069

OFF-MARKET
Warehouses
Property ID
US38-1898761
11,200 SF 1.99 ac lot Built 1986
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1986
Construction STEEL FRAME
Total area 11,200 SF
Lot 1.99 ac (86,684 SF)
Zoning code URIP
APN PALM M:34 B:14
UPID US38-1898761

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Industrial Gas Supplier
  • Big Box & Wholesale Store Distribution Center

Location

19 2nd St Palmer, MA 01069-1536
Palmer metro Census 810200 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$850k
CAP Approach CAP
$1.12M
Comparable Approach Comparable
by Request
Blend (final) Blend
$850k

Owner & transaction history

since 2022
Last sale
$800,000
3 recorded transactions
2022
$800,000
2012
$930,000
2006
$1

Zoning & alternative use

URIP · Palmer, MA
Zoning description

District Highway Business HB Business "B" District Neighborhood Business NB Business "B" District General Industry A IA Industrial "I" District General Industry B IB Industrial "I" District Urban Renewal Industrial Park…

General category INDUSTRIAL
Top alternative use upside
Retail stores $1.1M +99.0%
Office building $1.0M +79.4%
Commercial (general) $980,000 +71.1%

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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