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

    24 Water St Palmer, MA 01069-1885

    • Manufacturing properties
    • 22,920 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimation
    $500,000
    Location Intelligence
    Property ID
    US38-1278357
    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

    • Palmer Journal / Newspaper Publisher / Professional Services
    • Turley Publications Inc / Newspaper Publisher
    • Holyoke Sun / Newspaper Publisher
    • New England Antiques Journal / Publisher

    Property Details for 24 Water St

    Year built
    1924
    Construction
    FRAME
    Lot size
    0.51 lot acres
    Property size
    22,920 SF
    Zone code
    IA
    Property type
    Manufacturing properties
    APN
    PALM M:55 B:81
    APU
    PALMM55B81

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $480,000

    • CAP approach

      CAP return
      Estimation
      6%
      $600,000
      6.5%
      $525,000
      7%
      $590,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $665,000
      Geo Method
      $670,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $510,000
      Mixed-Use
      $645,000
      Hospitality
      $610,000
      Educational
      $545,000
      Residential Income
      $615,000
      Energy
      $555,000
      Income-Based Land
      $650,000
      Food Service
      $475,000

    Location Insight

    • Map
    • Local Demand
    City
    Palmer
    County
    Hampden
    State
    Massachusetts
    Longitude
    -72.3293
    Latitude
    42.1549
    CBSA code
    44140
    CBSA name
    SPRINGFIELD, MA 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
    $7,795
    $74,700
    $342,800
    $417,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      86,990 SF

      1127 Main St

      MANUFACTURING (LIGHT) • 86,990 SF
      1127 Main St, Palmer, MA 01069-1884
      View Details
    • Value Estimation
      $1,740,000
      40,964 SF

      25 Ware St

      MANUFACTURING (LIGHT) • 40,964 SF
      25 Ware St, Palmer, MA 01069-1514
      View Details
    • Value Estimation
      $285,000
      4,936 SF

      1101 Pleasant St

      MANUFACTURING (LIGHT) • 4,936 SF
      1101 Pleasant St, Palmer, MA 01069-1717
      View Details
    • Value Estimation by Request
      28,750 SF

      9 2nd St

      MANUFACTURING (LIGHT) • 28,750 SF
      9 2nd St, Palmer, MA 01069-1536
      View Details
    • Value Estimation
      $305,000
      10,000 SF

      16 2nd St

      MANUFACTURING (LIGHT) • 10,000 SF
      16 2nd St, Palmer, MA 01069-1534
      View Details
    • Value Estimation
      $925,000
      84,440 SF

      1 3rd St

      MANUFACTURING (LIGHT) • 84,440 SF
      1 3rd St, Palmer, MA 01069-1542
      View Details

    Similar Nearby for Sale

    • $900,000

      Versatile Space with Development Potential

      Large space featuring bays, offices, and development potential.
      4 Shearer St, Palmer, MA 01069
      View Details
    • $7,950,000

      152-Acre Development Site in Palmer

      152-acre development site zoned Highway Business, near I-90.
      32 Thorndike St, Palmer, MA 01069
      View Details
    • $460,000
      2,520 SF

      Prime Palmer Storefront Opportunity

      Profitable Salt Spa, Fully Renovated
      1372 Main St, Palmer, MA 01069
      View Details
    • $700,000
      1,775 SF

      Palmer Motel with Expansion Potential

      Established motel on 1.54 acres with expansion possibilities.
      1417 Park St, Palmer, MA 01069
      View Details
    • $279,900

      Fully Occupied Two-Family Property

      Two-family property with separate utilities and convenient location.
      3145-3147 High St, Palmer, MA 01069
      View Details
    • $450,000

      Equestrian Farm with Spacious Barn

      5-acre farm featuring a barn for 12-15 horses.
      3090 Palmer St, Palmer, MA 01069
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      3,000 SF

      Palmer Flex/Industrial Space Available

      3,000 SF flex/industrial space for rent in Palmer.
      1001-1013 Church St, Palmer, MA 01069
      View Details
    • $6 SF/Yr
      138,205 SF

      Palmer Warehouse: 70,000 SF Available

      High-bay warehouse space, Western MA
      21A Wilbraham St, Palmer, MA 01069
      View Details
    • $500 /Mo

      Downtown Palmer Corner Office Space

      Corner office space in downtown Palmer with street views.
      1428-1434 Main 209, Palmer, MA 01069
      View Details
    • $1,500 /Mo

      Updated Historic Building Retail Space

      Versatile retail space in updated historic building with modern finishes.
      1007 Church St, Palmer, MA 01069
      View Details
    • Contact for pricing
      3,083 SF

      Prime Palmer Retail Space

      3,083 SF Retail Space - Available Now
      1519 Main St, Palmer, MA 01069
      View Details
    • $650 /Mo

      Retail Space in Pioneer Plaza

      Retail or office space for rent in busy Palmer plaza.
      1240 Park St, Palmer, MA 01069
      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.
    24 Water St
    Palmer, MA 01069-1885
    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.