Financial
Distress signals
Property profile

407 Main St Spencer, MA 01562

FOR LEASE
Office buildings
Property ID
US38-1735292
13,099 SF 1.4 ac lot Built 1992
Last sale Aug 2008 · $91,948,929
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 405–407 E. Main Street (Route 9) in Spencer, Massachusetts comprises approximately 5,974 rentable square feet and is configured as two suites (Suite A and Suite B). Suite B was previously used for internal medicine and includes exam rooms, consultation offices, a reception area, internal bathrooms, and a central administrative station. The building was renovated in 2011 and has been maintained. It features high-visibility exposure along Route 9 with signage opportunities, with

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$7k
Tax billed · 2024
Assessed value$642k
Assessed land$84k
Assessed improvement$558k
Effective rate1.14%

Value estimate

· Sep 2026
$295k
$266k – $325k
Sales comparison$633k
NOI build-up
Gross scheduled income$151k
Vacancy & credit loss−$11k
Operating expenses−$56k
NOI · 522,200.00% cap applied$84k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$136/SF
County average, outlier-cleaned · 301 recorded sales of this use type
Observed band · Q1–Q3$74 – $211
Qualifying comparables6

Cap rate analysis

How does the asset earn?
522,200.00%
$84k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPENCER

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service9.2
Auto Parts Store9.1
Bakery8.5

Location

407 Main St Spencer, MA 01562
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 8 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
505 Main, Spencer, MA 01562-1905 $169,000 May 2024 3,753 SF
10 Linden, Spencer, MA 01562-2205 $355,000 Mar 2024 1,393 SF
503 Main, Spencer, MA 01562 $100,000 Mar 2024 5,347 SF
159 Main, Spencer, MA 01562-2114 $300,000 Oct 2022 2,708 SF
130 Main, Spencer, MA 01562-2690 $580,000 Sep 2019 5,054 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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