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    Property profile & analytics

    324 Main St Spencer, MA 01562-1841

    • Auto shops
    • 13,712 SF
    • 3.20 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US38-0194467
    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

    • Woody's Auto Body / Auto Body Shop
    • Audette's Towing & Roadside Assistance Tow Company / Towing Service
    • CMA Appraisal Services / Appraiser
    • Kyle's Automotive / Oil Change Service / Tire Shop
    • Emerald Auto Sales / Used Car Dealer

    Property Details for 324 Main St

    Year built
    1935
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.20 lot acres
    Property size
    13,712 SF
    Property type
    Auto shops
    APN
    SPEN M:00U05 B:00003 L:00000
    APU
    SPENM00U05B00003L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $295,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $350,000
      Mixed-Use
      $330,000
      Hospitality
      $370,000
      Educational
      $290,000
      Residential Income
      $305,000
      Energy
      $325,000
      Income-Based Land
      $310,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Spencer
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9755
    Latitude
    42.2507
    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
    $6,115
    $76,500
    $458,000
    $534,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,340,000
      19,526 SF

      326 Main St

      AUTO REPAIR, GARAGE • 19,526 SF
      326 Main St, Spencer, MA 01562-1910
      View Details
    • Value Estimation by Request
      1,116 SF

      16 Main St

      AUTO REPAIR, GARAGE • 1,116 SF
      16 Main St, Spencer, MA 01562-2103
      View Details
    • Value Estimation
      $300,000
      4,951 SF

      116 Main St

      AUTO REPAIR, GARAGE • 4,951 SF
      116 Main St, Spencer, MA 01562-2141
      View Details
    • Value Estimation
      $225,000
      2,491 SF

      88 Main St

      AUTO REPAIR, GARAGE • 2,491 SF
      88 Main St, Spencer, MA 01562-2140
      View Details
    • Value Estimation
      $50,000
      1,593 SF

      18 Olde Main St

      AUTO REPAIR, GARAGE • 1,593 SF
      18 Olde Main St, Spencer, MA 01562-2454
      View Details
    • Value Estimation
      $1,755,000
      22,670 SF

      460 Main St

      AUTO REPAIR, GARAGE • 22,670 SF
      460 Main St, Spencer, MA 01562-1906
      View Details

    Similar Nearby for Sale

    • 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
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    • $795,000

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      Well-established bar business with event room and commercial kitchen.
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      Queen Anne Victorian with Updates

      Updated Queen Anne Victorian with business opportunity in Spencer, MA.
      232 Main 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
    • $499,900

      Updated Two-Family Home with Yard

      Updated two-family home, ideal for owner-occupancy or multi-generational living.
      13 Grove St, Spencer, MA 01562
      View Details
    • $589,000

      Turnkey Multifamily Property in Spencer

      Fully occupied 3-unit multifamily with potential for a 4th unit.
      50 Pleasant St, Spencer, MA 01562
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    Similar Nearby for Lease

    • 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
    • $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
    • $4,000 /Mo

      Retail Space For Lease

      Retail space available for lease with heavy vehicle traffic.
      160 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
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    324 Main St
    Spencer, MA 01562-1841
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    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
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