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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Assisted living facilities
250 Shearer St, Palmer, MA 01069-1428
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-1898944
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1963
Construction
FRAME
Total area
12,136 SF
Lot
12.34 ac (537,530 SF)
Zoning code
GB
APN
PALM M:12 B:32
UPID
US38-1898944
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
-
Palmer Healthcare Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$510k
Owner & transaction history
Wellman Realty LLC · 22 yrs held
Wellman Realty LLC
since 2004
7 recorded transactions
Zoning & alternative use
GB · Palmer, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$540,000
+49.9%
Industrial (general)
$455,000
+27.4%
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 Palmer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmer 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
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$360,000
Current use
MEDICAL BUILDING
$540,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$455,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$42 / 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
$28,410
Tax year 2024
Assessed value
$1,521,700
Assessed 2024
Previous assessed
$1,448,900
+5.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$708,800
Assessed improvement
$812,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1963
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
12,136 SF
Lot
12.34 ac (537,530 SF)
Zoning code
GB
APN
PALM M:12 B:32
UPID
US38-1898944
Jurisdiction
PALMER
Zoning & alternative use
GB · Palmer, MA
Zoning GB · permitted uses
GB · Palmer, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$360,000
MEDICAL BUILDING
Est. value
$540,000
INDUSTRIAL (GENERAL)
Est. value
$455,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
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
1963
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
12.34 ac
Current owner
From public records · entity-resolved
Wellman Realty LLC
Entity
Mailing address
250 SHEARER ST, PALMER, MA 01069-1428
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2017
—
Wellman Realty LLC
—
Deed
related
$1,900,000 · Freedom Cu
May 13, 2008
—
David M Cavalier
—
Deed Of Trust
related
$190,000 · Hampden Savings Bank
Mar 15, 2004
$2,200,000
Wellman Realty LLC
Arcidi Assoc
Grant Deed
$2,007,000 · Sovereign Bank
Oct 9, 2002
$1,195,000
Arcidi Assocs
Hcfp Reit Palmer LLC
Grant Deed
—
Apr 9, 1999
$1,006,629
Hcfp Reit Palmer LLC
Lenox Healthcare Rlty
Grant Deed
—
Apr 21, 1998
$1,081,067
Lenox Healthcare Rlty
First Healthcare Corp
Grant Deed
—
—
—
Wellman Realty LLC
—
Deed Of Trust
related
$150,000 · Freedom Cu
—
—
Wellman Realty LLC
—
Deed Of Trust
related
$1,900,000 · Freedom Cu
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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