Property profile

40-42 Wright St Palmer, MA 01069

OFF-MARKET
Specialty properties
Property ID
US38-0390702
137,080 SF 15.72 ac lot Built 1987
Individually Owned 24-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 137,080 SF
Lot 15.72 ac (684,763 SF)
Zoning code GB
APN PALM M:12 B:29
UPID US38-0390702

Cap rate & NOI

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

Location

40-42 Wright St Palmer, MA 01069
Palmer metro Census 810100 SPRINGFIELD, MA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.33M
Blend (final) Blend
$16.93M

Owner & transaction history

since 2001
2 recorded transactions
2001
Price N/A
1997
Price N/A

Zoning & alternative use

GB · Palmer, MA
Zoning description

rlay Maps indicate which sites are subject to the additional regulations. § 171-52 List of business zones. The full names and abbreviations of the business zones are listed below. Full Name Abbreviation General Business…

General category COMMERCIAL
Top alternative use upside
Restaurant $18.4M +54.5%
Auto repair, garage $17.2M +44.1%
Retail stores $13.9M +17.1%

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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